Monday, January 5, 2009

Investment Scam

There are a lot of scams sprouting about even if there are a lot closing down ... Last year there was CellPawnshop, Pipcorp, Cyrus Hao, Franc Swiss, Legacy, even banks like Bank of Paranque and 14 other banks who closed before christmas time. Recently, another one is a certain Filipino named Rolito Alcantara who ran away with 61 million dollars from people in Dubai, especially from other Filipinos' money. People always gets trapped with 5 % or higher percentage per month earnings with their money.

I'm blogging this to remind others to be careful with investments, I have heard a lot of lives lost, literally, because of these kinds of scams, people running away with other people's money.

In investing, as a personal opinion, 50% of the time is spent on research, 30% spent on timing, and only 20% spent on implementation. Thus, it is very important to know THE WHAT, WHEN to enter into an investment, WHEN to exit or cash in on an investment, as well as WHEN NOT to enter into an invesment.



2 comments:

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