There is a growing wave of scams across the market where the fraudsters impersonate important investment apps / stock brokers / finfluencers / big people / big brands and their founders to actually promote the fake investment schemes. They operate mainly from telegram because its hard to track them.
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They show the proof that they have got huge profit by investing small amount. They give you tips and you might win some trade and then they ask you to pay for their services. Once you pay them, you will become their client but after that they don't give any good tips and mostly you will lose. They might also give you tip of the stocks which are not great or what they have already invested and want to dump those stocks. In this way you will lose a lot of money.
There are lot of red flags where you can actually find out. They give insane guaranteed returns like 15% or above. Or they show their fake Profit and Loss from stock broker about the options and futures. But mostly they are fake only. We are seeing a lot of news about how individuals are losing a lot of money for these schemes.
The best way to create the wealth is to first understand about the basics of personal finance. If you don't have time, the best is to hire a financial planner who can help you. Try to find out fee only financial planner, because they usually don't take commissions to suggest you the financial products. And then you can start your financial journey.
Do note thar stock market investment are subject to market risks. Their is no guaranteed returns in stock market but if you remain invested in the marelt for long you will get good returns in the future. Also you should diversify your investment so that you will not be attached to any risky assets.
