SEC Advisory: Do's and Don'ts for investors

      A must read from the Securities and Exchange Commission (SEC), Philippines.  Please  click for the complete details.

Investment scams everywhere. It's just like a cycle that never ends up. When get busted, they re-emerge under new company name but still with the same incorporator and the same scheme.  Despite
all the warnings and advisories coming from the government and from other people who were scammed before as well as advises from financial gurus and all the like, a lot of people still fall prey to this kind of money making style.  I have known a lot of people from different walks of life joining. It's quite surprising that even those who seem to know better still became victims.  But why? maybe because of the very high return of investment in a short period of time? An easy way to earn?  Out of desperation? oh well....there are numerous reasons beyond comprehension.  I find it humorous though while looking at some posts of those recruiters posting images of their "supposed" cars, houses, bundled moneys, gadgets and all other things bragging about how they got them in a short period of time just to convince people to join them also.  

As someone who does not easily get swayed with sweet talks and display of material things, I always chose to use my common sense.  While looking at those images of their newly acquired properties, a question just popped into my mind.  If indeed they have earned that much, then why not "invest" again to get more.  Say they acquired a property worth one million pesos (Php1,000,000.00) out of that investment. If that money was again invested, it would have ballooned to almost six million pesos (Php6,000,000.00) in two to three months time.  That's a lot of money that will make them multi billionaire in a matter of time if they kept re-investing so why acquire property that will just sit and earn nothing.  Those properties could come later anyway.

Just my thoughts.  I mean not to offend.