When investing or borrowing, the promise of crazy returns or interest rates significantly lower than the competition is most likely a lie.
The promise of crazy returns will often result in the loss of your investment and exceptionally low-interest rates usually come with hidden fees. There is no free lunch.
Implementation and cost
Stay away from ‘get rich quick’ schemes or loans with interest rates that seem too good to be true.
Visit ASIC to learn what to check before choosing a lender or investing.