02.16.23 Speculation Vs Real Investing / Beware Fake Shopping Sites

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 16 February 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many took the wrong lesson from the speculative fever of 2020-21. As meme stock & crypto frenzy stoked message boards, people drove values up, and many ended up with heavy losses. Gambling & speculation should never be confused with investing. Understand the power of DULL and other lessons from a tortoise investor. Also, a booming scam area - FAKE search results and FAKE ads on social media with links to FAKE shopping sites. A few easy steps will help keep you safe from online scams. Clark gives you the rules of the road for shopping online. Gambling Vs Investing: Segment 1 Ask Clark: Segment 2 Fake Shopping Sites: Segment 3 Ask Clark: Segment 4 Mentioned on the show WSJ - The Retreat of the Amateur Investors 5 Sneaky Ways To Improve Your Credit Score NYTimes.com: With Many Retailers Offering Online Sales, Phony Sites Blend In Clark.com- How To Spot a Fake Online Store in 6 Easy Steps Virtual Credit Cards: An Online Security Measure Worth Taking? Fidelity Investments Review 2022: Pros & Cons Metro by T-Mobile: 6 Things To Know Before You Sign Up T-Mobile 5G Home Internet: 5 Things To Know Before You Sign Up Verizon Home Internet: Things To Know Before You Sign Up Clark Howard's 4 Travel Rules You Should Follow Right Now Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:07.7	What I love about Monso Business account is how easy everything is. It can be filtered,
0:12.8	it can be tagged. We thought we'd have to manage our business around our banks, but that's
0:17.3	not the case with Monso.
0:18.4	My name is Shun. I am the Founder of Target Trition.
0:21.6	Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director
0:26.6	of a limited company, UK Businesses Only, terms and conditions apply.
0:56.6	Today I want to tell you about a trend in investing that has ups and downs. We got to talk
1:03.2	about it. And fake online stores have spread like the plague and it's not always easy to
1:11.1	tell the difference. I want to share with you some steps you should take before you
1:16.6	click to purchase it. What could turn out to be a crooked site or just flat out crooks.
1:25.0	So a lot of people got into the frenzy of speculation in 2021 and it was all the rage
1:35.7	to be on investing message boards. It was in many ways a form of gambling. People were
1:44.0	lonely. They were isolated. People believed what they were seeing on Reddit and at various
1:52.1	social media sites. And I have WhatsApp for when I travel is funny with WhatsApp because
1:59.6	of all the spying that Meta does with WhatsApp. I remove it and then when I'm going on a trip
2:06.4	again, I add it back on because it's so important when you're traveling outside the United
2:10.8	States to have it. But I digress. But people on WhatsApp every single day when I'm active
2:19.6	on WhatsApp, I'm getting things that show up from investing in this, investing in that,
2:27.2	investing in the other and they're trying to get me to join their chat and all that.
2:32.1	Well, you know where I'm going with this. So many people got into this speculative fever
	...

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