Do you think there is an investment hoax or scam in Western culture today?

[jennifer_bloom]

I know a lot of spam bot companies that try to trick people into thinking they can become filthy rich through investments, and I’ve met a lot of naive people that have tried to chase the Wall Street dream of investment riches, but making money off investments isn’t that easy.

To be licensed as an investment carrier, you need either consistently high income or extraordinarily high net worth, and to become wealthy through investment jobs, you need an extremely high IQ, extremely strong mental and emotional skills, social charm and societal advantage, impeccable work ethic, extraordinary life experience you carve out yourself, and an audacious work ethic, along with a thrifty lifestyle and insanely good luck.

I know guys with genius IQs that lost millions in hedge funds when the economy was good, guys who voluntarily work harder than sweat shop slaves and are more intelligent than Barack Obama and have decades of experience in finance and business and PhDs in STEM industries too and were trained at schools more competitive than Harvard.

I’m lucky that God guides my financial decisions and I chose easier methods to earn money, methods that have higher pay outs for normal, non-genius IQ people.

[richardcory]

There are lots of investment scams - pretty much anyone telling you there is a get-rich-easy plan is scamming you. If there were easy ways to get rich, everyone would do them, and the standard of "rich" would just change.

With ability, hard work, good planning AND at least a little luck you can do pretty well in the west. But you have to play the long game.

[purplepoppy]

I would assume anything that's not through a well known established financial firm with a good reputation to be a potential scam. I might be wrong but why take the risk.

[Alex8736]

its been going on forever