Maybe you saw an ad on TV or heard something on the radio about a sure-fire investment, something that would secure you for the rest of your life and would never decrease in value, but you had to act now. Perhaps someone called you on the phone and offered you the deal of a lifetime, and you fell for it. Worst of all, maybe the lies came from someone you knew and trusted.
Growing up, we counted on our parents to take care of us and keep us safe. At some point, though, the tables turn. Many people become vulnerable as they grow older, and it is up to us to look out for them.
Even in good times, the market can be unpredictable. Investments that once seemed like a great idea can wind up losing a lot of money when economic conditions change.