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#358 - The Most Dangerous Ways To Invest (Avoid These at All Costs) · Money Grows on Trees

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Most Australians think the dangerous part of investing is picking the wrong stock.
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It isn't. The most dangerous way to invest are perfectly legal,
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widely available, and feel completely normal. Most people have no
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idea how much money is being lost by everyday Aussies and all
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those around the world, not just through bad luck, but through bad vehicles and
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misinformation. I'm Lloyd J. Ross, seven-figure investor, entrepreneur, and I've helped thousands of
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everyday Australians, Americans, New Zealanders, Canadians, and those in the UK to
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get out of debt and build real wealth. And in this video, I'm going to walk you through
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the seven most dangerous ways that people are investing right now, why
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every single one of them feels safe, and exactly what to
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do instead. So the first segment to highlight
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is CFDs and leveraged forex. So CFD is a contract for difference,
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which is leveraged stocks. and leverage Forex, which is leveraged currency
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exchange, right? Foreign exchange, Forex. They're legal, but brutal.
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This is from ASIC, Australian Securities Investment Commission, their
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own review. In a 12-month period, over 133,000 people, 68% of
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retail clients lost more than $458 million trading CFDs, contracts of
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difference. Industry-wide
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data confirms that Forex losses are around
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75% to 89% of traders. Think about that. What
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a statistic. 75% to 89% of traders operate
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at losses. So why it feels safe is
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because there's licensed brokers and there's trading platforms
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that are around that act like a stock market and
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that's what they market. A lot of them are misleading, even
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though they're legal. It seems normal, right? So here's the
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mechanism for how they work. Leverage obviously magnifies both directions. It magnifies
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gains and magnifies losses. And a small move can wipe you out,
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particularly if it's in a very highly liquid asset. So
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sometimes within hours, right? And that's what you want to avoid. Here's
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the other thing to consider. And I mentioned this on our shares masterclass. If
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you haven't watched Shares Masterclass, in
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full, the hour episode I did. Go back and watch it right now because
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it's the most highly valued video you'll ever watch on YouTube this
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year, without a doubt. Just go back and watch it. I talk all about shares and
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you just need to know that stuff. So go back and check it if you haven't. Now, in
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that episode, the reason I'm bringing it up is because I mentioned in there that if
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you look at the Forbes Top 400, not one of them, not one of them, Even
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any of your rich friends, not one of them is an FX trader or a CFD,
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like not one of them. It's more of a gambling exercise, that's why they never made it. That's
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why you don't see any fat, overweight, obese 95-year-olds. Like
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when was the last time you saw an obese 95-year-old? Never, because they never made it, they died.
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And that's the same as FX traders and CFD traders, they just don't make it. So
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number two, fake investment platforms and AI scams. Huge,
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especially now with AI. So in 2025, investment scams
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cost Australians almost a billion dollars.
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I think the number's 840 million. It's actually the single largest scam
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category ahead of other types. There's a student of mine before she
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came to us, which is sad, but she said to me that she came
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across a term deposit by Citigroup and
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it was like 8% term deposit. Now, when you look at that, term deposits
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are 5% and below. They're not 8%. So straight away, that's a red flag. The
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other thing is they copied the logo of Citigroup. And then they offered
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it to her. She put $150,000 there, $100,000. And
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of course, it was a scam. She lost it. She was in the news. It was incredible. She's
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a New Zealander. So it's in New Zealand. And she's lost it. Think about that, right?
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And it happens. I was in the bank the other day transferring some money. And
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she said just that they double check on big transfers or
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any transfers because she said the scams are just so prevalent now. It's crazy.
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So 2026 is on track to be the worst, 45 million lost. It's
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just in Q1 of this year, right? And so
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here's the new weapon in this area. AI-generated deepfakes
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and fake celebrity endorsements. They're
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making fraudulent platforms look real, okay?
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So a basic online search is not enough because of these fraudulent setups,
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which is crazy. ASIC removed over
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3,000 fraudulent crypto platforms in a single year. What?
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And 20,000 scam sites. So like,
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even though they're doing this, the losses in this area keep climbing. Like, it's
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just so easy just to, yep, I'll just do that, right?
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Social media amplifies a lot of this stuff, right? Because it's easy to slide in the DMs.
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Like for example, someone, I don't know how they did it even,
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but someone created a Telegram account this week, a verified one
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with the blue tick of me, and started messaging all the people
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in my Telegram contacts to get them to come
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into this platform. I was like, how did they even do that?
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Because someone said to me, that's not me. And so I had to put out a big broadcast
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in my email and across our community saying, this is a scam, please don't do
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this. Look, if you get asked for money,
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especially for me, I'm not going to ask you for money. If I ever
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do that, you know straight up someone pretending to be me and
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that happens a lot. Anytime you're asked
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to sign up to a platform or you're asked for
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money specifically, that's probably the worst. This has happened to me too. I was selling my
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Harley Davidson once many years ago. And I put up on Gumtree, I think,
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or whatever it was, Facebook Marketplace, and someone DMed me
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and said, hey, I want to buy your bike, but I just need to get the trailer here. So if you can just put $30 into
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this fund, I'll be able to get it. I'm like, what? I'm not giving you money to come
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and buy my motorbike. No, are you kidding me? So you can see, you just need
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to be a bit vigilant, right? So the ones that
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they do look legit, but just got a little bit of extra research. And
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if they're asking for money, red flag, red flag.
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But also what's interesting about this is your innate desire,
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which I talk about in Money Buys Happiness, actually, this mindset called the jackpot money
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mindset. It's so ingrained in us to
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want to put a bit of money somewhere and win the lotto. This
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is how people approach investing. That when it comes to us, we just
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want to believe it. So that's why people lean into it and do it. I'm like, why
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would you put $200 in it? Because I thought it was good.
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I'm like, no, it's your greed factor taking
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over. It's instinctual greed. Because you
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want to buy the handbags and the cars like everyone else. You want to get
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ahead. You want to do it fast. That's what causes that. Slow
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down, relax. If it looks too easy, it probably is.
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Number four, number, this is the next segment, segment three, which
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is unregulated crypto and guaranteed token launches. Now
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you saw this in a big way with the HuckTour girl. The
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HuckTour girl, remember her? She came in and she did this massive rug pull.
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So she launched a token, her own meme coin, and
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someone put a million bucks in it, can you believe it? And they lost it. And they were like, some retail,
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you gotta be an idiot. So anyway, she rug pulled everyone. She
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bid it up, she sold them all, rug pulled and she disappeared. Now,
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because it's unregulated, you can't really, that's up for debate
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whether it should be sued or not. But in these unregulated areas, this is why I
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stickler of crypto because it's just a gnarly play. You see it every week.
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Someone lost their wallet, someone, it's just so gnarly. You just
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wouldn't play in that realm. And I know that the crypto bro is going to
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come and say, yeah, but if it's this and it's that, like whatever. It's just, why would you
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bother? You know what I mean? So the overlap with crypto scams is massive. I
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think half of that money lost in scams is crypto. So $380 million
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recorded by the Australian Federal Police last year. $380 million
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in crypto scams. And I see it all the time, like, Lloyd, I lost
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$60,000 in crypto and they've asked me to put in another $25,000 to get it back. I'm like,
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oh my God, it's just crazy. The target demographic
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is usually people under 50, incidentally, which is interesting.
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They're the ones that they hit mostly for the crypto ones. Why it's uniquely
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dangerous is because In a bank, you can reverse transactions.
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And if you're dealing with MasterCard and Visa, and those guys have got payment rails and fraud detection, you
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can reverse charges like you can. That's why it's really good if
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you're doing online shopping, use a credit card. It was Frank William Abagnale, the
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guy that they modeled that movie, Catch Me If You Can. He's
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the guy that says, at Katagoliki, he says to his kids,
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when you're online shopping, always use a credit card because
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it's got built-in fraud detection and you can reverse the charges, right? MasterCard,
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Visa credit cards, American Express, it's built in. But if
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you're dealing with crypto movements, there's no reverse transaction. There's
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no regulatory force to get your refund on token
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projects. There's no guaranteed return speech. And there's no protection
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from the government. Like, there's nothing. And again, legitimate crypto
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does it. Legitimate crypto. How you can put that in
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a sentence is beyond me. Legitimate crypto. God. You
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might as well just stay clear of it, I think. Yeah. Particularly if the
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pitch includes like an Elon Musk cameo. Elon
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Musk did this. You gotta be careful of the celebrity endorsements. What's
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fascinating is even the celebs that endorse the legitimate ones
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like Binance and Coinbase and like
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I think Tom Brady got brought in that. He lost a shit ton of money. I
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think Matt Damon, like all these celebs. If you ever see a celebrity toting
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for a brokerage platform, just fucking steer clear of
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that. Just turn on, what the hell does a celebrity know, right?
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I think the person who did it well was incidentally Taylor Swift. She
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was the one that got out of that. She didn't get brought in it, right? She's clever. Okay,
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next one, segment four, options and futures without understanding them. So options,
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forwards, futures, and swaps. A derivative is
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a financial instrument that's derived from another asset, okay, derivatives. Now
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they use forwards and futures in the commodities market.
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so that they can lock in contract prices at today's prices or
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forward prices based on the movement of the commodity. It protects farmers
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and suppliers from losing money as they take their commodity
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to the marketplace. So they lock in certain contracts and
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you can trade those on the futures exchange. So a forward
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contract is what they are, a futures contract is when they're traded on an exchange. And
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swaps is a little bit, it's a derivative of those, and
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then you've got options, which is an option to acquire or liquidate
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an asset at a certain price. Where options are interesting is
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that they add an element of leverage to an
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asset, so say shares. You can make a lot of money doing them, but
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the reality is you better just steer clear because here's why. There's
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an element of when you write an options contract or you sell an options contract,
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you're buying an options contract. It's an option to buy or sell the
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asset and it's based on time. The asset has to move past an
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exercise price to be able to exercise the contracts and
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own the asset. If it doesn't hit that price by a certain timeframe,
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then the option contracts expire worthless and you've lost the actual
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price that it cost you to buy the contract. So it's very much time-based. And
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if that's the case, the benefit of having no leverage on
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an asset is you've got the benefit of time. But if you've got an options contract and
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there's a time in there, you're under pressure and you don't know what's going to happen in the
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short term. This is very hard. Do people do well with it? You
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can, but It's pretty unforgiving. The data on
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retail options and futures trading shows that large majority of participants lose
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money over time. Like it's 70 to 80% lose money. So
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you don't want to fight against those statistics. Like, are you kidding me? There's an 80% chance you're
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gonna lose. Why it's seductive? Because there's a small, again, small upfront
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cost, jackpot. It's the jackpot money mindset I talk about in Money Buys Happiness. It's the jackpot money
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mindset, small bit of upfront cost, huge payoff, right?
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It's like a lottery mentality, the jackpot money mindset. I
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can turn $550,000. And there's survivorship bias.
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So survivorship bias is when someone's actually come out the other side of something that's risky and
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then touted it and said, ah, this works. Well, we all... promote
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that because we're all surviving humans on earth. So we all have in us and
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like, hey, do this. Let's consider I'm not gonna get hit by a bus next week. So there's a survivorship bias
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and everything. So when someone wins in contracts and
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they put it on X or they put it on YouTube, like, ah, they've survived. They're
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in the 10%, 20% camp, but they don't talk about the 80% camp
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that died. So you see survivorship bias pop up on social media.
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So you never see the ones that lose the 500. That's
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not what sells. So again, the real danger of options
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contracts and forged infusions and swaps is that they expire worthless.
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So there's 100% loss on your capital. Even if you were eventually right in
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the track, it doesn't matter because the time expired. So
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what it's for is for sophisticated, well-capitalized traders
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using it for hedging. It's not for TikTokers. It's actually to hedge
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price differentials. Let me give you an example. A
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lot of our portfolio is in American stocks, and that
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means I'm exposed to the American and Australian exchange
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rate, the currency exchange. Now, if I
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anticipate that the Australian interest rate is going to increase in
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future, and the American rate is going to fall in future, I would
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estimate that the Australian dollar will rise in value. Because typically, if your
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rates in your country are higher than other countries, the differential in the
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exchange is higher, so the local currency increases against the other currency. So
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if I was going to expect that to happen, I might say
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I've got like millions of dollars in American denominated
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stocks, so American dollars. I think the Australian dollar is going to strengthen. And
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what I could do is I could either hedge
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the currency with a currency play, or I could hedge by
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putting it into a hedged ETF. So you can hedge losses
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with options. You can hedge. That's effectively what futures and
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forwards are. They're hedging the price changes in commodities
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prices between when they yield the crop and when they take it to
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market. That's what they're for. But they're not for speculation, okay?
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Just quickly, if you're ready to take control of your finances but feel stuck on
13:35
where to start, I have a solution. My book, Money Bias Happiness,
13:39
simplifies investing and wealth building with practical steps to help
13:42
you achieve financial peace. Get your copy via the
13:45
link in the show notes and let's get your money working for you. Now back
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to the episode. We've gone through a few there. Number five is
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this one, dangerous way to lose money. All in one on
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a speculative stock or the next big thing. It's not illegal. It's
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not a scam. It's just structurally dangerous. Putting a
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huge share of your net worth into one unproven company or sector, it's
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concentration risk. It's non-diversified business risk because
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those businesses can go broke. And it's the illusion of a gain
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based on the previous gain. So it's recency bias. and survivorship bias.
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You see this sometimes in X, like someone's like, Oh, I put all my money in one stock and they won
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and they are winning and they're putting out, Oh, I've got a $10 million portfolio now. And I
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started with 500, like they're massive survivorship bias. And
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there's many stories where that didn't work out. And so that's why Charlie
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Munger even didn't. And Warren, they don't put all their eggs in one. There
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has been times where they have, and that's why I'm saying it's not out
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of, it's not, don't ever do it. It's if you do it,
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it's gotta be like a highly quality multi income
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company. Like for example. If you were to put all of
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your money into a company like Google, it's
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really like multiple businesses in one. So it's got its own diversification built in.
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If you were to put your money in ExxonMobil, like big
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oil company, it's just so vast in its assets and how it manages things.
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The downside is almost not there. So there's those elements of
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what you can do, right? I happily put all my wealth into United
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Pacific Railroad, for example. You can tell where a business is
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so solid that if you did that, you're basically participating as
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the owner of the one business. But you don't have to. So why would you? So
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if you're speculating, you definitely shouldn't do it. But even if you're an investor,
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why, why? Just own three stocks instead of
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one. That's all. Just a little tiny bit of diversification goes a long way because you
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just can't foresee all parts of the future. Like what
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if there's one thing you miss? What if? Just a little bit of diversification helps,
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okay? The next one, segment six is borrowing to invest in
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volatile assets. Massive. Here's the mechanism. Margin
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loans, credit cards, personal loans used to buy volatile assets and
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move around a lot. Leverage doesn't amplify gains, it also amplifies losses.
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And in shares, like liquid assets, if you borrow money to buy those
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and they fall, the lender can ask you post margin, meaning you've got to
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add equity capital to that to recalibrate the
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loan to value ratio. And that's where you get margin called. And
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there's a movie called Margin Called. And you don't want to get margin called, because
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then you're just losing equity capital. So, there's a
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lot of danger in that if you get a big market collapse because all
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of a sudden you're like, oh my god, the company's doing okay, but there's a huge market collapse, which has
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got to post so much equity capital. This happened to a buddy, a
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friend of my dad's in the GFC. He had $400 million in commercial
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assets. And in those days, you didn't read the fine print, but when
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you borrow money in a commercial asset, it's 70-30. He's got to put 30% equity, 70% borrowings. And
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then in the contracts, what they didn't read was if the commercial value
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falls, you've got to post equity capital into
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the loan to be able to recalibrate 70-30 split on
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the commercial assets and they treat them like a business. And he didn't see that and
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it cost him, I think he lost everything. So leverage on commercial assets
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can get out of control, leverage in shares and liquid
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assets can get out of control, okay? CFDs are a good example
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of that, leveraged forex is a good example of that, but leveraged shares and any
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sort of margin lending, just avoid it.
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Like that includes borrowing money from your home in an equity loan and
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putting it in the market. Dumb. Don't do that. Next
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one, number seven. This is a big one. When
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I did my CFA chart, I went up to sit level three. So
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I passed level one, level two, and I ended up just building a business, but it's there to
17:28
be finished. It's the hardest exam in the world for finance. It's
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brutally hard. You can go and research if you want. It's fucking brutal. And
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what's interesting is they do have an ethics part of that curriculum, which is great. And
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you are never to use guaranteed return because nothing's guaranteed. But
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you can see if someone's not sophisticated or financially trained, they'll
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have guaranteed return. Not money back guarantee, that's different, but
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a guaranteed financial return. It's actually a no-no with
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ASIC. And you see this a lot with financial influence and so forth when they're putting guaranteed
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returns up, they're the ones that get hit. with ASIC because you just can't do
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that. So the single biggest red flag in any
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and all investing full stop is guaranteed return. Any
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product promising a fixed, high or guaranteed return,
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especially paired with urgency, like today only. it
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tops the list. Now I'm not talking about money back guarantees, it's different. Or
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a guarantee of performance of something like, you're guaranteed to
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love this if you don't, that's different. But it's a guaranteed financial
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asset performance. Whenever you see it, you know
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it's a red flag. So for example, There's this private equity placement that I made
18:34
in a company in Canada, which is a great company, great people, operating business. They
18:37
were raising money. I actually connected him with a guy and he was raising money for them
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and he found some fellow in the United States who was like getting these
18:43
incredible returns. This private equity fund he had and he was seeking money
18:46
from them to then put 10 million in placement, blah, blah, blah. It's a long story. Anyway,
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my friend brought me this deal and he goes, this is the guy, look,
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he's getting the returns and it said 37% guaranteed returns. I
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was like, do not talk to that guy again. He's like, no,
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no, what do you mean? I was like, no, don't talk to me. Number one, you can't get
19:04
37% compound returns, because it's more than Warren Buffett. You can't, because sustainably. That
19:07
was the first red flag. Second red flag is guaranteed returns. I was like, this
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is going to end badly. No joke, this is what happened. I
19:14
wouldn't say a week went by. I said, hey, what happened to that guy you told
19:17
me? He goes, oh, he's in jail. Like, shit. It's
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that, it's prevalent. I think, it's sad, but
19:25
like this, like these types of characters and
19:29
scam, like it's everywhere. Fuck it, even
19:33
in the areas you don't think it's in, it's crazy. So anyway,
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avoid this whole notion of guaranteed, 20% guaranteed. You
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see it a little bit in the Instagram DMs. Oh, give me
19:43
your money and I'll get guaranteed 20% turns a day or whatever it is. It's
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crazy. The only legitimate exception for the guarantee thing is
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bank products. Like for example, the government guarantee
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for deposits in banks of up to $250,000. That's a government
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guarantee. Right? So there's an
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example of where a guarantee is legit. Okay. Real investing has
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no guarantees. Anyone offering one is a risk. Just remove it. Don't do it. Okay. Except
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for the government and you guarantee your bank deposits. What else? Segment
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eight, the playbook, how to check before you invest, okay? Firstly,
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one, check the license, okay? So if
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there's a financial product being promoted, they
20:23
will have a financial services license or an AR license, okay? So for
20:26
example, people often ask me about what we do on our channel and on my Instagram. I
20:29
don't promote financial products. I don't give financial product advice. I don't give financial
20:33
advice. I don't give general advice. It's just financial education and
20:36
it's pretty broad. It's a book and whatever. And there's even in our
20:39
books, there's even a disclaimer look right there at the start. But I
20:43
try and keep it fairly broad and I don't delve into recommending broker
20:46
accounts, stuff like that because it's more principles based. Okay. So, but
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if someone was offering like some sort of financial product
20:53
advice or like a recommendation of
20:57
a product of some sort, you'd want to see their license. Okay. I
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think that goes without saying, I think a lot of people know that. What else, what else have
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we got here? I think the other thing to consider is you can
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do this, which is really effective. If you are uncertain, just screenshot
21:10
the thing and then upload it to Gemini or ChatGPT or
21:14
Claude and just ask it to scan it and say, actually that's a scam. And it'll give
21:17
you this rating out of a hundred. And it looks like 85% scam, probably a scam. The
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third thing is you can ask who's the
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buyer if I need to sell tomorrow, meaning if there's no clear
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answer on exiting, it's illiquid or it's
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fake and both aren't ideal. So there has to be real
21:34
markets, real buyers. So you always find out, hey, how did that person sell?
21:39
Run the guarantee test. So is it fixed and high return
21:42
and guaranteed and urgency? Is it a speculative bet? Being
21:45
if you can lose all your money in that one thing, and I would say to part of the things you can
21:48
do, which is to wait 24 hours on anything. Okay, it's
21:52
okay, you can always buy it tomorrow, right? And
21:56
if it's already gone wrong, like what happened to my friend, you can go to scamwatcher, you
21:59
can talk to ASIC and report it, right? And God, they seem busy,
22:02
but that's the only thing you can do. Take some of those steps I mentioned in
22:06
10 minutes, and I think you've probably outperformed most of
22:09
that 837 million loss that's out there, okay? So
22:14
you can go check out more ASIC or MoneySmart and anti-scam centers
22:18
and so forth, but there are patterns. There's
22:21
danger at every level like of guaranteed profits, guaranteed inside
22:25
the edge. They have an agenda. Now, people don't care if you have an
22:28
agenda as long as you don't have a hidden agenda. So
22:32
just make sure you understand the ins and outs and you'll
22:36
be able to see. And if you don't do it, that's pretty fair. I
22:40
personally stick to the big things. I stick to a
22:43
big brokerage account. I've got a brokerage platform. It's the second biggest in
22:46
Australia. That's what I use. Real
22:50
estate, shares, term deposit, you
22:53
can get in almost no trouble doing that. And then your own private business. Anything that's
22:57
novel, I would say, is red flag. So if it's novel,
23:01
seems quick, seems easy, and someone's reached out to you on Telegram or
23:04
Instagram or whatever, just say no, all right? So there's the
23:08
seven things or seven steps you can take to address the seven most
23:11
dangerous ways that people are investing right now, right? Even
23:15
if they're regulated like CFDs and Forex, even if they
23:18
look legit, even if people are doing it, even if you're gonna
23:21
borrow the money, even if the bank allows you to, even if they say guaranteed, just
23:25
be careful, all right? So here's the number I want you to take away.
23:28
It's $837 million gone every single year. It's
23:31
crazy, okay? I don't want you to be a statistic. So
23:35
follow the checklist and stay safe out there, team. See you