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tdp2664 InvestorPlace Four Investing Rat Tales & 4 Safe Investing Tips Investing scams have a long history. In 1919, as the stock market began to fall, an Italian immigrant named Charles Ponzi claimed to strike gold in international postal-reply coupons. Prices of postage varied from one country to another, so there appeared to be an arbitrage opportunity — buy postal coupons abroad, where they were cheap, and redeem them in the United States, where they cost several times as much. Ponzi started advertising his services, promising investors a 50% return in as little as 45 days.Problem was, Ponzi didn’t pay off his investors with actual profits. He paid them with the money from other investors. When too many people tried to cash in at once, the scheme collapsed. Victims were lucky to get back 30 cents on the dollar. Asked to explain his actions, Ponzi reportedly said, “The public deserves exactly what it gets. No more, no less.” Ponzi’s words may seem cruel and remorseless, but there’s an important lesson here: The only person you can really count on to protect you from bad investments is you.In today’s tough market, people are more eager than ever to find safe ways to make and preserve money. But that also means we’re more susceptible to pitches that seem — and often are — too good to be true. These “opportunities” may range from outright fraud to a legal financial product whose chances of success are stacked against you. Here are some telltale signs of an investment rat and what you can do to pick up the scent — before you become a victim. Free Daily Trader’s Alert
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