Anthony D. Altavilla Discusses Fraud and Language
The language of money and investments can be incredibly complex. While words like derivatives, yields, ROI, diversification and easing might seem simple enough to understand, when you string them all together in complicated financial contracts, the result can be incredibly baffling. It can take hours and several financial dictionaries to unravel even one paragraph. According to Fraud expert Anthony D. Altavilla, fraud depends on the fact that most people won’t do this amount of homework.
In order to make a good investment and avoid fraud, you must know what you are buying. You must know what it costs, how you’ll pay for it, how it works, when you’ll see money back and when you can expect to start seeing those returns. Most of the time, these important details are included in the documentation you’re sent before you make an investment. Some frauds cram those documents with so many complicated terms that it’s impossible for you to understand what you’re getting, and you might sign up for something you never intended.
To prevent fraud, Anthony D. Altavilla doesn’t suggest that you learn each and every complicated financial term. This could take you years and years of study, and it might not be worth your effort. But you should feel comfortable enough to call the company and ask them to explain details you don’t understand. Ask the company to use language you can understand. Take your time and ask all of your questions. If you don’t feel comfortable talking to the company directly, find someone in the financial community that you can hire to manage your investment. There are many companies like this all around the United States, and they provide real help to company clients who aren’t experts in finance themselves.
While managing finances can mean learning a few new terms and phrases, help is available and fraud isn’t inevitable, Anthony D. Altavilla says. Just make sure to take your time, ask questions and get extra help if you need it.
Anthony D. Altavilla is a professional business expert residing in Carmel Indiana. Anthony has a wide range of experience in the business world, consulting companies and executives.
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