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WEALTH & INVESTING

Learning from the world’s greatest investors on avoiding investment scams

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    • Warren Buffett, chairman and chief executive officer of Berkshire Hathaway., during the company's annual meeting in Omaha, Nebraska, in 2022. Berkshire's annual return was 9.34 per cent from January 2002 to December 2021.
    • Over a 30-year investment period in the S&P 500 index fund, your annual returns might range from 7.8 per cent to 14.8 per cent, with average annual returns of around 11 per cent, based on 95 years of data from 1926 to 2020.
    • Gold did very well in two distinct periods – the annual return was close to 29 per cent in the 1970s and 14 per cent in the 2000s.
    • Warren Buffett, chairman and chief executive officer of Berkshire Hathaway., during the company's annual meeting in Omaha, Nebraska, in 2022. Berkshire's annual return was 9.34 per cent from January 2002 to December 2021. PHOTO: BLOOMBERG
    • Over a 30-year investment period in the S&P 500 index fund, your annual returns might range from 7.8 per cent to 14.8 per cent, with average annual returns of around 11 per cent, based on 95 years of data from 1926 to 2020. PHOTO: AFP
    • Gold did very well in two distinct periods – the annual return was close to 29 per cent in the 1970s and 14 per cent in the 2000s. PHOTO: BLOOMBERG

    Ching Poy Seng

    Published Sat, Jun 15, 2024 · 05:00 AM

    IT IS sad to hear about more and more people falling into investment scams. The misfortunes have led to billions of dollars being lost, and hundreds of families ruined.

    This is typically what happens: Potential investors come across an “outstanding” investment firm or fund on social media or are introduced to it by friends or relatives. After being convinced by strong persuasion or a glib pitch, the investors decide to part with their money, drawn by the prospects of high returns without due attention to the risks. Later, the investors see their money vanish.

    Is there anything we can learn from the world’s greatest investors on avoiding investment scams?

    Wealth & InvestingScams

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