What Are The Common Financial Losses Online

[Nomad]

Losing money online is more common than people think. Some people lose money due to scams, others make risky investments and lose money. A lot of people lose money simply due to lack of experience, knowledge, or when they chase “get-rich-quick” schemes. Some common ways to lose money online are

• Betting and online gambling
• High-Yield Investment Programs
• Ponzi and pyramid schemes

Have you lost money online?

 

[Springtime]

I lost some money when I bought stocks online. Other than that, I have not encountered any scams or from other investments.