We hear or read about them and even laugh at the poor victims. But there will always be a point when are guards are down and we become susceptible to getting scammed. Still, it would be wise to keep the following precautions in mind:

Times are tough and getting money is probably harder now than ever. However, be skeptical of quick profit offers and promises of inside information. No matter how small the amount they are asking for you, it is still money that you should be well spending elsewhere.

Be suspicious of companies who pressure you to make quick investment decisions. Legit companies will respect your decision and will even be very gracious in answering all your questions. Those who take the “threatening” (if you don’t invest now, you’ll miss your chance) route are just looking to make big bucks at your expense.

Avoid offshore opportunities. Tracing your money outside the country can be difficult and if lost, will be very impossible to recover. Stick with what you know.

Before investing or sending off money, investigate. See if they’re registered with the SEC. You can also go to investment chat rooms, bulletin boards, and fora. Read threads about scams. You can also ask around if anyone has heard of the company that has been eyeing you as an investor.