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What are the risks of investing based on a "cold call"?

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What are the risks of investing based on a "cold call"?

When you're investing based on a cold call, your real risk is that you don't know the individual who is talking to you. So you really don't necessarily know their experience, their history and what they might be trying to do. Not only do you not know that individual who's calling you but that individual really doesn't know you either, so it's difficult for them to truly and honestly be calling you and saying, hey, I've got this great investment that's just perfect for you because they really don't know. So for most part it's really a shot in the dark. It's a random process and really good quality professionals, they're not cold calling anyway and so the chances of you getting somebody who's really going to sit down and spend the time to understand your situation and make recommendations appropriate to your situation is going to be difficult through a cold call type of process.

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Scott Leonard, CFP

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What are the risks of investing based on a "cold call"?

What are the risks of investing based on a "cold call"?

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What are the risks of investing based on a "cold call"?

What are the risks of investing based on a "cold call"?

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