Churning is the name for the practice by unscrupulous stockbrokers who make excessive trades of stocks on behalf of their clients not to maximize the profit of their clients, but to maximize their own fees for making the trades since the stockbroker gets paid every time he or she makes a trade.
It rarely makes sense to give your stockbroker the authority to trade whenever he or she wants. Make sure that you make the final decision on any recommended trade. And read your monthly statement. Many people fail to do so because the monthly statements appear to be too confusing.
Working at home sounds very appealing. No commute and you get to work in your pajamas. What could be more convenient than that? Stuffing envelopes, a common work at home scam from the past has been updated to offers of being paid to read emails. The range of work at home scams is constantly changing and evolving, but the result is always the same – rarely are these work at home schemes legitimate nor do they provide any income except for the scammers who operate them. Often the advertisements for these work at home scams appear in legitimate media who have not properly checked out the legitimacy of the advertisement.
As always, if it sounds too good to be true, it usually is. Check out work at home scams with the big three – your local attorney general, the Better Business Bureau and the FTC. And as always, you can Google the name of the particular company offering you the work at home program with the word “scam” next to it and see what turns up.