Investing, Social Media & Scams!
Anecdote - We recently we met a client and pitched the 1 Crore plan. He was quite happy and agreed to start the investment journey with us. A few days later he sent me a insta-story about how somebody can make 15 crores and asked me – Why I pitched “Only 1 Crore” when we can make 15 crores! We have always been wary about YouTube shorts and Insta stories which give a false notion it is very easy to make money in stock markets and become super duper rich. Our suspicion is that the only motive of these social media posts is to entice people and dupe them of their hard-earned money. Confirming our suspicion, we recently came across scam which used should social media to reach a lot of well-educated, literate people and cheated them. Here's what happened… Madhav had already invested Rs 30 lakh through an app called KKR MF, which he had been led to believe was managed by the global financial services group. Mind you, Madhav is not a simpleton, but an intelligent, accomplished