Cautious about “The Next Big Thing”
Advisors and investors should be cautious when considering three products recently making news: marijuana-related investments, binary options and digital currency.
At first glance, marijuana, binary options, and digital currency appear to have no real connection to one another. But what they all have in common is their recent emergence as three investments that both sellers and buyers hope will become the “next big thing.”
Advisors need to make sure they fully understand these products, their benefits, and their risks. Do your due diligence before recommending these products to clients. If you are recommending these products make sure you are documenting suitability and maintain any notes from client meetings that might be pertinent to the recommendation. Most importantly be sure you are being fair and balanced when discussing these products with potential investors. Thoroughly cover all potential risks and limitations.
Investors should be sure to consider the investment objectives, risks, charges, and expenses carefully before investing. To learn more visit here.