S2E44 - Robert Persichitte - How to avoid investing in scams

Robert Persichitte How to avoid investing in scams. The next multi-bagger, hot new penny stock, or cryptocurrency on track to go higher than bitcoin. We’ve all heard people speculate on trends but what should you really look for to determine if something may truly be a good investment or a complete waste of time. My next guest is an expert on the subject of scams. He has a financial audit history which he’s applied to his current profession as a certified financial planner and certified public accountant. In today’s episode, we talk about the red flags to look for in crypto and stocks. Please welcome Robert Persichitte. Key Timecodes (01:07) - Robert Persichitte’s background story (03:12) - The traps and scams at penny stocks or cryptocurrency  market (07:16) - What does an investor need to look for in the market? (12:03) - Know where it is safe to dig. (17:40) - The safety and future of those coins (24:12) - The ethics and thoughts about the unregulated business model (29:10) - The trap of the "gurus" at that market (31:00) -  Thoughts on Tesla and similar companies' moves (35:40) - The importance of management and a win-win model (37:39) - How Innovation and added value can change the world (41:07) - The worst business or investment advice he ever received (41:49) - The best business or investment advice he ever received (43:06) - Get in touch with Robert Persichitte. Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.