If you intend putting your hard-earned cash in a savings or investment scheme, there are a few basics you have to know. They’re pretty simple, and are things that children should be taught in primary school. You probably know them, but I worry that, even with the progress in financial education over the past decade or so, there appear to be many, many people who fall for scams because they are unaware of, or have disregarded, these simple, basic investment principles.
Stokvel scam
Recent news reports tell of how thousands of people have lost their money in yet another