I just saw this amusing piece called Six Signs It’s a Scam on Motley Fool. It lists simple things to pay attention to when purchasing an investment.
The thing that I enjoyed when reading it is comparing it to the Kuwait Stock Market.
The ones that really caught my eye were number 3 and 6.
3. Predictions of the future. “It will double in three months.”
6. A “hot inside tip.”
How many times have we heard that in the diwaniya when mentioning a stock. Even the funny part is they say it will double in a week.
Cause then if you are doing something based on those ideas are you investing or gambling?