BOCA RATON, FL, September 22, 2010 (Press-News.org) In hard economic times, investors and non-investors alike try to find ways to improve their monetary standing and increase their wealth, often through various international outlets. Offshore investments have become increasingly popular due to the high-reward potential with the returns.
While offshore investing used to be limited to the extremely wealthy, the advent of the Internet has allowed for normal middle class citizens to also take part in international investing. While that has helped many people succeed in increasing their net worth, there has also been a sharp rise in the amount of scams, due to this additional exposure.
There are a few things to remember when you are thinking of potentially investing in a venture outside of the U.S. First, double check the tax laws and what would be owed on any returns you receive. Many scams will say that the returns are "tax free", but you typically will owe money to the IRS or a similar agency based off of the type of returns you receive. You also need to make sure you're investing in a reputable international organization, so double check with a country's business union or an outside party to verify legitimacy.
Also remember that offshore investing is high risk. The potential in getting involved in an investing scam is exponentially higher than if a domestic investment was made through a well known brokerage firm, so use every resource at your disposal to make sure the investment is sound. World Progress Report hopes to provide comprehensive educational content for Public Television that deals directly with these issues.
*World Progress Report and its programming are not affiliated with PBS. Our programs are independently produced and distributed to Public Television affiliate stations nationwide.
About World Progress Report:
World Progress Report is a compelling series distributed to Public Television nationwide. Hosted by Joan Lunden, each program is specifically designed to educate the public on the latest issues impacting our society today. For more information, please contact us at (772) 237-8518 or visit us on the web at www.worldprogressreport.com.
"World Progress Report," Hosted by Joan Lunden, Sheds Light on Offshore Investment Fraud and Helps Consumers Avoid this Scam
By identifying some of the tell-tale signs of this scam, World Progress Report helps consumers make the correct decision in investing.
2010-09-22
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[Press-News.org] "World Progress Report," Hosted by Joan Lunden, Sheds Light on Offshore Investment Fraud and Helps Consumers Avoid this ScamBy identifying some of the tell-tale signs of this scam, World Progress Report helps consumers make the correct decision in investing.