By Roy Larsen, CFP®, AAMS®
We have all gotten them in the mail. They arrive as slick, colorful, glossy and in depth reports on a ground floor investment, still trading at pennies for the next great technology. They have fancy insider names to them like “Wall Street Insider” or “The Underground Stock Report”. They often link the promoted stock to legitimate companies or common sense needs around the globe. The problem is although it always sounds promising, you are gently being stroked and entranced into participating in what is known as the “pump and dump.”
Roy Larsen is a Certified Financial Planner™ practitioner and Fee Only Wealth Manager who resides outside of Atlanta, Georgia.
Roy's Financial Blog contains articles on multiple financial life events as well as his favorite questions from he receives from around the country as a an expert panel member for Investopedia's Advisor Insights.