Instant gratification in finance and investing can be a bad thing. There has been a spurt in the number of shady organizations offering returns as high as 1000% in the short run, if investors follow their advice, which is normally shared through SMS and e-mail.
With more investors exploring equity investing, such enticing advice and offers can be disastrous for novice investors.
What should I do:
The next time you get an SMS advising you to buy a stock which may go up by 500% in one week, do yourself a favor and delete that message.
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