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EP-177 #AskMoneyPurse — Trading App Scams
Original: EP-177 #ASKMONEYPURSE
Takeaway
Beware unsolicited trading apps shared on Instagram/WhatsApp — they lure with small initial profits then trap victims in fake IPO investments.
Summary
- Viewer's brother, an IT engineer, was scammed by 'JMFJD' fake trading app recommended on Instagram and downloaded from Google (not Play Store)
- Initial small WhatsApp group profits hooked him; then asked to apply for fake Kronox Lab IPO
- Took Rs 10 lakh loan to invest; shares allegedly allocated but funds locked
- Host warns viewers: such trading-app frauds are surging; Money Purse has NO paid groups
- Stresses awareness — even educated software engineers fall for these recovery scams
scamtrading appfraud
Original description
Pick Best Insurance You can compare Health Insurance here 👉 https://tinyurl.com/pgc9dcxc You can compare Term Insurance here 👉https://bit.ly/46hsSJA TELEGRAM: https://telegram.openinapp.co/money-purse Ask Money Purse Show EP - 177 Date - 29-06-2024 Welcome to the Ask Money Purse Show, your ultimate destination for all things personal finance! If you're looking to get insightful answers to your burning questions about personal finance, stock markets, insurance, mutual funds, taxation, and more, you're in the right place. Hosted by a finance enthusiast dedicated to helping you navigate the complex world of money management, the Ask Money Purse Show covers a wide range of topics to empower you with the knowledge you need to make informed financial decisions. Whether you're a beginner trying to understand the basics or an experienced investor looking for advanced strategies, our show has something for everyone. Each episode, we pick questions from our YouTube comments section and provide detailed, easy-to-understand answers. No question is too big or small – we believe every financial query deserves attention. From the intricacies of tax planning to the nuances of stock market investing, we aim to break down complex concepts into simple, actionable advice. Join our growing community of finance-savvy individuals by subscribing to the Money purse. Don't forget to drop your questions in the comments section with the tag #AskMoneyPurse. Your question might be featured in our next episode! Stay tuned for regular updates and deep dives into the financial topics that matter most to you. Let’s embark on this financial journey together and make your money work for you! #personalfinance #stockmarket #insurance #mutualfunds #taxation #financialplanning #investing #MoneyManagement #finance #Askmoneypurse Stay In Touch👇 Also connect with us on👇 📷Instagram: https://www.instagram.com/moneypurseadv/ 🕊Twitter: https://twitter.com/Moneypurseadv 📱Facebook: https://www.facebook.com/moneypurseadv/ Thanks for watching.. Team Money Purse 00:00 Fake Trading Apps! Be aware! 04:23 Is this Murugappa group company group will become next CG power? 06:44 Is it good to invest now in this Dmart stock of Fashion industry? 09:05 How Quant Mutual Fund investors should react now? 12:05 Data Centre stock in attractive valuation 14:48 Sunday Funday 15:08 Do we need to take credit card just to maintain Credit score? 15:52 Is this small company going to grow with the growth in Dominos, Subway, Burger king? 18:31 Is this the right to accumulate Airtel? 19:57 Can we expect better returns in ETFs over Mutual Funds?