Why Even Smart People Fall for Investment Scams Why Even Smart People Fall for Investment Scams: 6 Psychological Triggers Scammers Exploit. By Bamamos, Financial Reseacher Why Smart, Financially Savvy People Still Fall for Investment Scams. The last time out, we discussed some red flags that can help you identify potential financial scams in my article 10 Red Flags to Avoid Investment Scams by considering the 10 Investment Statements That Should Instantly Raise Your Suspicion – How to Spot Scams Before They Drain Your Wallet. Today, we're digging deeper into a baffling question: Why do even smart, financially savvy people fall for investment scams? After my last article, a reader made a comment that really got me thinking. He said and I paraphrased, "No matter what we say, those who will fall for scams will still fall for them". In his exact words, he said, "We like ...

10 Investment Statements That Should Instantly Raise Your Suspicion 10 Investment Statements That Should Instantly Raise Your Suspicion – How to Spot Scams Before They Drain Your Wallet By Bamamos, Financial Reseacher Introduction: The Rising Tide of Financial Scams – Are You Next? You're an investor—or an aspiring one—looking to grow your money in stocks, crypto, real estate, or high-yield schemes. But here's the brutal truth: scammers are hunting for people like you. The rate at which people are being swindled nowadays is skyrocketing, both in Nigeria and across the globe. Take for example. According to a PUNCH report on April 24, 2025, titled "Americans lost $6bn to crypto scams in 2024 – FBI", the Federal Bureau of Investigation revealed that investment scams involving cryptocurrency led to a staggering $5.8 billion loss in 2024 alone. But that...

Bitcoin Bubble Crashes: How to Predict Them and Protect Your Investments Bitcoin Bubble Crashes: How to Predict Them and Protect Your Investments The last time out, I mentioned that my wife had invested a significant chunk of her money into cryptocurrency. But let's be honest—crypto, for all its hype and promise, is fraught with problems. The market is wild, unpredictable, and often ruthless. One minute you're up 50%, the next you're staring at a 40% drop. The collapse of CBEX, a digital cryptocurrency investment platform days ago is a testimony to this. As her partner, I feel a deep sense of responsibility to help her protect that investment. It's not just money—it's trust, hope, and the future we're trying to build. So I went back to the drawing board. I needed to find out: Is there a way to predict when a crypto bubble is about to burst? If we could see the signs early, she could exit...

Cryptocurrency Risks and Returns: The Complete Investor's Guide Cryptocurrency Risks and Returns: The Complete Investor's Guide Based on Studies So, my wife decided to jump into the world of cryptocurrency—without telling me first. She only let me in on the secret after she had already invested a significant chunk of money. Now, I'm naturally a cautious (okay, maybe overly cautious) person, especially when it comes to investing. The idea of putting money into something that feels like the financial equivalent of a rollercoaster? Yeah, not my thing. But she knew this. That's probably why she didn't tell me beforehand. She figured I'd try to talk her out of it—especially since this particular investment promised over 100% returns in just two months (red flag alert!). At first, I didn't even know how to feel. But then, curiosity got the better of me. I started digging...

Contactless Spending: Friend or Foe? Contactless Spending: Friend or Foe? We've all been there—grabbing a coffee, tapping your card, and barely registering the £3.50 leaving your account. No PIN, no cash counting, just a quick beep and you're on your way. But what if that effortless tap is quietly draining your bank account faster than you realise? New research from the University of Warwick reveals that contactless payments could be reshaping our spending habits in ways we don't even notice—leading to more transactions, higher expenses, and even worse memory of what we've spent. So, is your contactless card a financial friend... or a stealthy foe? Let's check the research data. The Rise of the Cashless Society Gone are the days of fumbling for coins. In the UK, contactless payments now make up 88% of all card transactions, with the average tap sitting at £12.38—up...