Wise advice is essential before you make financial decisions but please ask questions if you don't fully understand what you are told.
The oil companies are among our very best friends as we all know.
I don’t usually use this blog as a place to rant, that’s not because I don’t care about things or don’t see injustices, I do, and all to often, occasionally these things stir me to action but the action is not normally a rant here.
What set this one off is that I received an unsolicited letter from a firm of parasitical thieves who obviously thought I was an old and mentally incapacitated investor that they could rob of $13,000, now a part of their assumption was correct, the part about me being old enough to fall into this category, fortunately I am still aware enough not to fall for their pitch.
Let me explain what happened, this letter quite clearly explains that I hold X number of shares in a company, the shares are worth X dollars each and a total market value of X dollars, they then offer to buy these shares from me at a very substantially reduced price with the aforementioned $13,000 loss should I accept their offer.
What they are doing is legal as they don’t apply any pressure for me to accept their offer, what they very obviously rely on is that some people are going to fall for this trickery though a state of dementia or just poor business acumen.
My beef with this is that the unwary and inexperienced who can least afford to be robbed in this way are the ones who are going to be taken in by it…. Please, if you are unsure about any proposition that is put to you get qualified advice about it, if these circumstances apply to your parents or for that matter anyone else you feel might be susceptible advise them strongly never to sign documents they are unsure of without getting advice.
This is up there with the emails I receive almost weekly telling me that I have won vast amounts of money in lotteries, or that their recently deceased father/husband had invested huge ill gotten gains and they just want me to be an agent for them to reclaim this money, and of course I am offered huge sums of money for doing this, the scam comes down the track a little when they ask for your bank details so that they can transfer money to your account… Thus far I have passed up on many millions of dollars… I must be mad???
Then there's the letter supposedly from a bank asking for your account details for whatever BS reason they use, Banks NEVER ask their clients for account details by mail or email!!!!
OK rant over!!!! Have a good one.