Investing in a PAMM account is a very attractive way of investing money for profit. After all, you just need to entrust your money to experienced players in the financial services market, and serious dividends are almost in your pocket. But is it really?
I do not want to compare PAMM investing with financial pyramids, since these are fundamentally different things, but I can not but remember the first MMM company that caused losses to millions of people. The success of MMM was associated primarily with the legal and economic illiteracy of the population. Continue reading