When it comes to the latest financial scams making the rounds, you have to give the con artists credit – their newest one certainly does not lack for boldness.
The “rational” part of your brain understands that successful investing is all about consistent financial behavior and sticking to a long-term plan. Scam artists want nothing to do with this kind of thinking. They target and manipulate the “irrational” parts of your brain, the parts that want to believe that quick-and-easy wealth with little or no downside is not only possible but also probable – as long as you take their unsolicited advice.
The IRS takes its fair share of grief from the general public, but hats-off for their annual effort to list the top twelve – or ‘Dirty Dozen’ – tax scams. We all know there are unscrupulous people trying to separate you from your money, but an updated annual reminder is certainly worthy of a few minutes of your time.