Investments you should avoid

There are thousands of investment options available to the average investor – but how do you sort out the good, the bad and the ugly?

The Australian Securities and Investment Commission (ASIC) has estimated that over 100,000 Australians have lost money to a scam over the last 10 years.

It makes sense to be armed with information that can help you avoid potentially costly investment mistakes.

But where do you start as an investor? Are there questions you can ask? Are there basic investments you can avoid?

One good tip is not to let greed get the better of you – if it sounds too good to be true then it probably is.

The following information gives you some tips on investments to avoid, and how you can protect yourself from being caught up in an ugly investment.

So, what are some potential investments that should be avoided?