Young Kashmiris Are Losing Lakhs In Fake Investment Deals

In Kashmir, more and more people are talking about stocks, gold, and crude oil these days. With few stable job options, investing seems like a promising way to grow savings. But behind the hopeful stories, a silent crisis is unfolding.

Many people are losing their hard-earned money. Not to the markets alone, but to the people they trust to guide them.

I've seen cases where investors give full control of their finances to individuals who claim to be market experts. These so-called advisors promise big returns and use technical terms that sound impressive but mean little to everyday investors.

Often, they open trading accounts not in the investor's name, but in their own, leaving the real investor with no access or protection.

When profits come, they celebrate. But when losses hit, as they often do, these advisors blame the market and vanish. The investor is left with regrets and an empty balance sheet.

This pattern is not rare. It is slowly spreading in homes across Kashmir, especially among first-time investors who want better futures but don't know where to start.

The fix isn't complicated. Open accounts in your name. Keep your documents updated. Never hand over your passwords or full control. Learn the basics. Read up. Ask questions. And most importantly, check if the person advising you is certified and experienced.

Investing is not gambling. It's not magic either. It takes patience, knowledge, and caution. If more people in Kashmir take the time to understand how the market really works, we can turn this wave of loss into one of real financial growth.

• Disclaimer: This article is for information only and doesn't offer investment advice. It's not an endorsement or an offer to buy or sell any financial products. If you decide to act on the information here, you do so at your own risk

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