In general, higher-risk investments offer higher potential returns and lower-risk investments offer lower returns. This is known as the risk return relationship.
The sources of "hot tips" or "insider information" don’t have your best interests in mind. Think about why they’re offering you tips and how they benefit by telling you about them. Keep in mind acting on insider information about a public company is illegal.
Scammers frequently use high-pressure sales tactics – to get your money and then move on to other victims. If you’re asked to make a decision right away, it’s likely not in your best interest.
Before you invest, check the registration and background of the person offering you the investment. In general, anyone selling securities or offering investment advice must be registered with the securities regulator in your province or territory.