Invest nowadays is gaining popularity in the Philippines. Some say that having an investment is a good choice no matter what kind of investment it is. There are so many agencies or companies that offer an investment, it can either be growth, property, cash and many more. However, due to its popularity, many scammers are using this opportunity to scam people who wanted to invest. If you’re one of the people who wanted to enter the investment industry, here are some tips to avoid investment scams.
Here are Some Tips to Avoid Investment Scam:
No such thing as “Get Rich Fast”
Always remember that there’s no such thing as easy money. For you to be able to earn money you need to work hard for it or wait for returns from your investment. Patience is the key when you have an investment because you will not earn money after a month. It usually take years, so it is important for you to be patient.
Securities and Exchange Commission Advisories
Securities and Exchange Commission (SEC) is a government agency that is in charge to maintain the security of the Philippine industry. They post advisories about investment and finance to inform all Filipinos. You can check their advisories about black listed companies so you can avoid them.
Get in touch with SEC
Scammers usually tell sugar-coated words, almost unbelievable words. Don’t fall for that! It is important that you must verify with SEC first before investing your hard-earned money. Go to SEC and inquire about the company you’re planning to invest your money.
Scammers will force you to give money ASAP
Always remember that a legit investment agency will not force you to invest money to them. They will educate you, guide you and give you time to think and decide since there’s no deadline in investing.
As a final point, when you’re planning to invest don’t rush things. Make sure to be well aware of every aspect of investment before you plan to invest your money. Take note that if you get scammed, there’s no guarantee that they will give you your money back. So be vigilant. In addition, these tips to Avoid Investment Scam do not guarantee anything, this is just a guide that you might use to avoid investing your money in scammers.