Investments

Bank Of America Investment By Staff

The cost of providing the service is covered by the annual charges your Fund Managers are already deducting from your funds, so Moneyspider doesn cost you anything extra. And when you register with Moneyspider they don move your funds or change your investments in any way. Your investments remain as they are in the same funds and with the same fund managers.

Investment Opportunity (AXcess News) Reno, NV - Internet security vender, Sophos, hasuncovered a phony Fidelity Fund Manager e-mail scam being sent unsolicited to e-mail users nationwide.

Diversification . A larger pool of funds allows the fund manager managing the unit trust to purchase a wider range of investments. Rather than concentrating an investment portfolio into one or two investments or shares, a portfolio of market securities can be held. The wider the spread of investments, the less volatile (i.e. variable) the investment returns will be. In simple terms, not putting all your eggs in one basket.

Banc Of America Investment The phony e-mail scam poses as a message from a fund manager at Fidelity Investments who has secretly extracted money from the company.

The people making investment decisions for unit trust holders are professionals. Their training and background ensures that decision making is structured and according to basic investment principles. In the process, unit trust funds enjoy the depth of knowledge and experience that fund manager bring. In the long term, it is this expertise that should generate above average investment returns for unit trust investors.

Banking Investment The e-mails, which pretend to come from someone calling himself William Smith at the USA's largest mutual fund company, claim that the sender has "secretly extracted excess maximum return capital" from one of Fidelity's funds. They go on to claim that the fund manager has already made $22.4 million, and is looking for someone else to assist in the crime.

Investment Solution Strategic Sophos researchers believe that the e-mails are a variant of the commonly-encountered "Letter from Nigeria" scams, also known as 419 Advanced Fee Fraud, that fool innocent users into believing that a large amount of money will be transferred into their bank account, but are really designed to steal information about the user's identity and bank account, or demand a "handling fee" for the money transfer.

This blog talks about the indian mutual fund schemes, NFOs and analysis of various mutual funds and mutual fund investment strategy.

Investment Banking Services The scam claims to come from a Fidelity Investments fund manager.

Bank Investment "E-mail scammers are attempting to fleece the unwary out of money, and it is the naive who are most at risk of ending up penniless," said Graham Cluley, senior technology consultant for Sophos. "This scam contains spelling mistakes and typos, but even if the scammer had done a better job at presenting himself professionally people need to learn that there is no such thing as a free lunch. If an unsolicited e-mail makes extravagant promises then computer users should be extremely cautious."

Alternative Investment Fidelity Investments, which is headquartered in Boston, Massachusetts, is said to be working with the authorities to investigate the source of the e-mails.

Online Investment Services "It's important to realise that Fidelity Investments have done nothing wrong. They are just the unfortunate victim of their own success. The scammers have chosen to pose as them because Fidelity is a well known and highly-regarded name, and they hope it will encourage victims to pursue the dodgy business opportunity," continued Cluley.

[ Comment, Edit or Article Submission ]