The author shares three reasons why they pulled their money out of stocks and invested it in a high-yield CD. Firstly, their lack of strategy and risky stock picks resulted in losses. Secondly, they couldn't give their stock portfolio the necessary attention. Lastly, they wanted to reset their investment strategy and focus on short-term goals to recoup their losses before reinvesting in a more thoughtful long-term portfolio.
The FBI has warned Gmail and Outlook users to be wary of investment scams that promise "guaranteed returns" as they are often a red flag for fraud. Cybercriminals often ask for upfront cash in exchange for guaranteed future returns, but there is no such thing as a guaranteed return on investment. The FBI also warned people about Ponzi-style schemes, pyramid scams, and Nigerian Letter or 419 schemes. If you spot any of these scams in your inbox, report them to your email provider and make sure they're deleted.
