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What are thebiggest investments that people waste money on?
The general sentiment is thatwhole life insuranceis expensive and takes a decent amount of time to see any returns.
Whole life insurance policies dont make sense from an investment perspective unless you want lifelong coverage.
When you spend a decent amount of money on investment fees, you want to ensure the desired results.
This is why you must track the performance of your investments so that youre getting your moneys worth.
chasing their gains usually means catching the stock after the peak.
If you have a significant amount of money saved, you want your funds to work for you.
Lieberman added, You wont lose money, at least, but you wont gain much.
Cryptocurrency Scams
You cant compile a list of investments that are a waste of money without mentioning cryptocurrency.
The FTC just issued awarningabout cryptocurrency romance scams that are on the rise.
However, many of them have nothing more than wasting your money.
You should be skeptical of anyone or any asset promising alucrative guaranteed investment returnsince this doesnt exist.
If it were easy to get high returns, there would be more getting rich.
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