Why Men Are Prey To Investment Fraud

One quote from the video stands out, men (and most of those victimized are men) are making decisions based on their emotions. This same decision-making process, and the related gullibility of men, are both clearly evident in the area of marriage. It's not a good deal for men these days, but the heck with it, they are making decisions to buy-in based on emotions. This is a hurdle that MRAs need to deal with more explicitly -- rational pitches aren't reaching mainstream men -- we need emotional pitches. Contrary to the stereotypes, men are emotional creatures, just like women.

It's time that men started making more important decisions with their heads. We men can start by really objectively clearly seeing what a bad deal marriage is for men. Then perhaps we can talk about investment fraud, and other deals that men get into, deals that are not to their best advantage. In a list of bad deals for men, I would include enlisting in the military (only men have the "privilege" of being maimed for life, or killed, on the front lines). Maybe someone will make a list of deals that men enter, deals that are not to the advantage of men?

I have noticed that men with absent fathers do not have the same financial sense as men with good fathers. Men that have little knowledge of investments or have few people to talk it over with, and feel desperate for quick money are more likely to be victims of financial fraud.

Based on my own experience and from what I have seen, it seems that knowledge of finances, business and investing is usually handed down from father to son (or in some cases the father passes it down to all his children regardless of gender like my dad did).

I have two good parents, but it is only my father that explained to me interest rates, investment scams, and how to evaluate risk, etc. My mother never touched on that area. I remember being about 12 years old and my dad explained to me a ponzi scam . He made a diagram and showed me the flow of money and how easy it is to get duped. My grandfather (an economics major) also taught me quite a bit as well as the economy and stocks are one of his favorite topics.

Perhaps there are some moms that are good about teaching finances to their children (I teach my kids), but I think it is an area of teaching that most moms skip over (they probably were never taught themselves).

So I think financial and business knowledge is one area that kids miss out on if dad isn't around to teach it. Plus it is not taught in schools (they don't make a "standardized test" for business or financial knowledge, therefore it is not taught -Remember, only "what is tested is what is taught".)