At the time of zeroing in on an investment advisor, investors often get carried away with the testimonials given on the websites of investment advisors. It’s not uncommon for an advisor to claim that one of his clients managed to earn a whopping (say) 30 percent return on the investment made, while another one could grow his investment (say) by two times over a period of time.
While being clueless of the authenticity of such ludicrous claims, some naïve and gullible investors may fall into the trap laid by such investment advisors (IAs).
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