I was recently approached to promote 3 different stocks for money. Technically they just wanted me to "analyze"" them, but I wasn't going to be allowed to say anything negative. These stocks were smaller in size which means that I was most likely going to be part of a pump and dump stock scheme.
I don't own any individual stocks, nor do I ever talk about them on my channel so it was odd that they'd want to work with me. There were a few other red flags that I'll talk about in the video.
I’ll take you behind the scenes to show you how this all played out, how much they were going to pay me, why this is so problematic, and share some additional info that isn’t going to make me any friends among content creators in the investing space.
As always, keep buying your low cost index funds, ignore the noise, and stay the course
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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.
Was I Paid To Pump And Dump Stocks?
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