Best Books for Investor-Wannabes

---

If you have followed me in Facebook, you might get bombarded with my posts about investments, savings, business ideas and the likes. Some might find it annoying but you are probably want to try it a shot (That's why you're now reading my blog). Well, searching it in the internet is a good idea but you might end up not learning at all. I collected bestselling-books as much as I can because that's my passion since I was young.

I'm very impulsive in terms of books, mostly finance books. My hands are shaking  when I see a title that I know I can get something from. I find it so exciting to collect books and when I'm in a bookstore, I feel a sense of kilig.  I believe that successful investors are also good readers, and we need to read to learn and grow. 


The more we read good books, the more we will be equipped. There are few that I can recommend for  an aspiring investors to begin collecting for a good start.

Till debt do us part-Chinkee Tan

Are you married with your debts?  This the right time to get a divorce. Saving and getting out from your debts work hand in hand. In this book you will learn that everyone has the opportunity and capacity to save. But the problem is most people do not know how. It could be due to the lack of discipline in handling money or to savings just getting depleted easily. One can come up with dozens of reasons why it is so hard to save. But one lesson I have learned from this book is either you make a way or you make excuses. Read this while you are starting to build your emergency fund.Chinkee Tan has also authored best selling books such as "How I made my first Million","Rich God, Poor God","For Richer and for Poorer" 

Wealth within your reach "Pera mo,Palaguin mo"-Francisco Colayco 

I bought this book few years ago and  some of my financial foundations are through this book.It is not enough to just save your money. It is a good thing but it does not end there. You have to learn how to make it grow and invest it in stocks, mutual funds, or bonds and other investment instruments to make it grow.This is highly recommended to the OFW. 

My maid invest in the stock market-Bo Sanchez 

The title alone is catchy and funny. Could you believe that this is not a made up story? In this inspiring yet highly practical book, you’ll read the fascinating story of how he helped three of his house helpers invest in the stock market and build their retirement fund. In this book,the author will tell you how he taught them the 5-envelope system. He’ll explain how he painted a clear vision of their future in their minds. Bo believes that you can retire a multi millionaire by investing in the stock market. Because if his helpers can do it, you can, too. 

No nonsense personal finance-Randell Tiongson

Randell Tiongson is a widely respected personality in personal finance and a writer of business column in Philippine daily inquirer. He has already appeared in TV programs and his profound expertise and wisdom in investment was all I wanted to learn. In his book he highlights 5 steps in managing your finances, Step 1: Improving Cash Flow,Step 2: Getting Out of Debt,Step 3: Setting up Your Emergency Fund Step 4: Getting Protected from Life’s Risks,Step 5: Investing for Your Future. 

Stock Smarts-Marvin Germo

This is by far my favorite book which skyrocketed me in the stock market.I'm an accidental investor. I was just scanning some books in the bookstore because I have nothing to do and BOOM, I saw a treasure hidden on a shelf. Stock market seems to be an alien thing and has been deemed for years only for the rich, the intelligent, and the risk taker.This book breaks it  down to its simplest form and inspired employees, professionals and business people to participate and make money in the market. 

Turtle Always Wins-Bo Sanchez

Either you haven't started yet or you are a newbie investor, you would sure love this book.I always made this as birthday gifts to my friends and they just can't stop reading it and they end up investing. Bo Sanchez is a great storyteller with humorous twists.Stock Market should not intimidate you. In this book you will learn how long-term investing beats other strategies in the market if you will do it consistently. 

The Intelligent Investor-Benjamin Graham  

This is the only foreign foreign book on the list and if you are already investing, this is a must read for you. This book has influenced the young Warren Buffet that made him what he is today, the greatest investor of all time and a multi-Billionaire. I  got one in the "Book for Less" store in Starmall Shaw for just 199.00 pesos. In this book you get to learn the fundamental of value investing. Looking for an undervalued stocks and invest on them.

The Trading Code-Jason Cam 

If you are shifting from a long-term investor to a trader, or doing both, this is a good book for you because this is written in  Pinoy setting. We have so limited resources for trading and technical analysis and most of them are coming from American Authors. The Trading Code is perfect for beginners, advance traders and investors. What you would learn from this book are simple, replicable, and effective in any time frame, any stock, and any market.

You may also like to read these related articles:

Getting Started in the Stock Market

Anu nga ba ang Mutual Fund?

Life After Deat: Should I iPay My Debt First Before Investing?

What it takes to Build Your Emergency Fund

6 Reasons Why You Are Still Not Saving 

Do you want to learn how to become a Successful Investor? 

Subscribe to my blog for free: 

                          

www.investambayan.com

You can also join our community group in Facebook :

   

Investambayan Fb Group

You can also follow our Facebook Page:

 @investambayan 

 You can message me here: 

 investambayan@gmail.com

---

Please read DISCLAIMERS & COPYRIGHTS

Read More

Stock Market KA Ba? Kasi ang Hirap mong Intindihin! Ganern

---

I've been investing few years already and I have heard many common misconceptions about stock market coming friends and acquaintances. It only tells that Filipinos are a hundred years behind in terms of investing unlike other countries like China and Japan. Common statements like "Ayoko dyan kasi matagal ang return", "Di ba sugal yang stock market na yan?", "Scam ang stocks,di ba?", "That is not for me, I'm not rich", "It's hard to learn the stock market, it's about charts and only financial people do that"

Only 1% in our population are investing in the stock market today. My message is very clear and direct. If you haven't invested in stocks yet, you simply missed a big opportunity. That's why foreign investors are maximizing our performing economy and they are earning well from our country.

So why so few? Stock Market is not taught in schools or many are just simply not aware of it because of lack of financial literacy.

Eh, kuya mahirap talaga siya eh...I'm not good at it!

It never came to my mind that I'll be an investor and trader in stocks and I have thousand of reasons not to...I will tell you some:

•  I was broke when I started
•  I had debts to be paid
•  I have an average-paying job
•  I did not have a financial background
• I failed most of my Math Subjects (Algebra,Trigonometry, and others were pasang-awa)
• I have a learning difficulty in numbers (cant do some basic multiplication)
• I failed in business
• I'm a Promde Guy (our place is peso na lang going to heaven,that's for real)

And so on and so forth...

Of course, I did not like it at first but I have to study it and I have to learn it step by step because I know that investing in stocks is worth the wait and worth the sacrifice. I took an extra mile to learn it and it took a while.

The world that I hate before is the same world that I love now! Today, I'm also trading in stocks; reading those charts and numbers and earning from them!

If you have put limitations on yourself, I call it self-destruction. Get out from your comfort zone and start challenging yourself. I did it and my life has never been the same.

If there's one little secret, it is this bible verse that I'm claiming for a long time and believing that there's something in store for me...

Jeremiah 29:11 " For I know the plans I have for you says the Lord, Plans to prosper you and not to harm you, plans to give you hope and a good future"

We have a good future in the Lord and He wants all the best for us. He wants you to be rich and successful so that you can help and bless others for his glory. Our part is to work on it and live with it. 

Jesus loves you!

 Do you want to learn how to become a Successful Investor? 

  Subscribe to my blog for free: 

                

  www.investambayan.com

  You can also join our community group in Facebook :

   

  Investambayan Fb Group

  You can also follow our Facebook Page:

  @investambayan 

  You can message me here: 

  investambayan@gmail.com

Read More

Start Now not Later! Here are the Reasons Why...

Hello everyone! We have a very nice weather today and I am drinking my coffee while checking on my stocks. I really love stocks! I've got some gains as of this writing but it just doesn't ends here!  I'm an avid fan of long-term investing but I also trade from time to time to take advantage of the opportunity and to maximize the profit. Speaking about the profit from trading, Yes, it is astounding! I have stocks for long-term, mid-term and for short-term trading and they are executed according to my financial plan.

Why you should invest ? There's an urgency on this and I want you to start now! Here's why...


1.You are still young.

In investing, your ally is time. If you are young, you can still maximize the power of compounding and the dividend. Start buying stable and big companies like Ayala, Banco de Oro, Universal Robina Corp. to name a few... Do it regularly for long term and you will be amazed how far your savings can go. It has long been proven that the Stock Market beats all other assets in terms of returns. I am still working in a BPO company but I made sure that every time I earn something, I set aside something that goes to my investment. It is my long time-practice and I'm still doing it. I set my mind that I have to pay myself first and that I have to invest it in my future. I know it’s very challenging at first but doing it with diligence could go a long way.


If you are single, I challenge you to make this a habit and you cant be wrong with it!
 
2.Price are much cheaper.

Our market is trending down and the advantage of it to long term investors is that you can buy blue-chip stocks at a lower price. Bearish market is the best friend of the investors and can maximize the amount and you can buy bigger shares.As a long-time investor, I’m investing in MPI ( Metro Pacific Investment) and SMPH (SM Prime Holdings) and good thing about it is they are stable and performing companies.

Today, Metro Pacific Investment (MPI), only cost 7.10 pesos per share. If you're not familiar with it, MPI is a unit investment holding corporation that  provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines. In their bucket is the tollway system and expressways, MERALCO and Maynilad. It is a Giant company!

On the other hand, SM Prime Holdings (SMPH) only cost 27.20 pesos per share today and no need to ask what is this company. Just look on their gigantic buildings and ask your kid where does he want to go. SM Prime is the parent company of the SM Group's shopping malls. It is the largest shopping mall and retail operator in the Philippines.These stocks are even cheaper than your plane ticket to Bora.

By looking on its 10 years performance, I can say that the price of these stocks are going uptrend with very promising future based on our present administration. I believe that these companies will always be part of the lives of the Filipino people 50 years from now. PLDT today costs 1,752 per share but few years ago, it was only few hundreds. Can you imagine if that time, you were able to have it in your position? That's a real fortune!

Based  on two stocks above, even they are so affordable looking on the actual price per share, if we compare them to other stocks and its P/E ratio; they are already considered expensive. Cheaper stocks which are very promising are BDO, FGEN,and ALI which have very good fundamentals and are undervalued.

3.You still have your day job.

That is an big advantage If you are working and earning well. I encourage the OFW to start investing in your retirement. The more you are earning, the more are the opportunities that you can invest according to your goal. In my previous blog, I wrote an article about an OFW who worked as a baker in Saudi, invested 500,000 and hold it for 10 years. Now the value of the stocks are almost 5 Million pesos. Yes, that sounds too good to be true but that is the truth. You can check it here..

4.There are more resources now. Learning investment is easier than before.

Through the availability of online resources, learning is almost for free. Take advantage of what are available that you can find online. Since day 1 up to now, I'm still enjoying reading and learning new things about stocks. Learning is a continuous journey. If you need guidance, you can read my blog and follow the easy steps to start investing in the Stock Market.

5.More Pinoy are are already investing today..

Stock Market has now become popular and local books have been available. Before, only Millionaires and foreign investors are the only people who were taking advantage of it. Even a kid can invest through the ETF program. So no excuses, I have a thousand reasons not to go in  this field but I was able to do it.



  Do you want to learn how to become a Successful Investor? 

  Subscribe to my blog for free: 
                
  www.investambayan.com

  You can also join our community group in Facebook :
   
  Investambayan Fb Group

  You can also follow our Facebook Page:

  @investambayan 

  You can message me here: 

  investambayan@gmail.com



 

Read More

4 Common Dangers of Newbie Investors

Welcome to the world of Stock Market! Being a newbie investor  is a challenging experience but risk is always a calculated risk if you equip yourself with knowledge on what you are getting into...When I started in stocks few years ago, I got into something which my friends dont have any idea about. Indeed, I am the first generation investor and trader. That's s scary because I didn't know where to start. So I did a thorough study and ANC-On the Money which is a tv program, has been a credible source since then. Many years have passed, my investment experience has been exciting with less mistakes and losses.

How to avoid some common dangers that a newbie would encounter. Here they are;

What should I do now? Where to go? Where to ask help from? These are most of the questions you would think. Stock Market can be very overwhelming and many times it takes trial and error to make it right but with many credible resources now, you can manage the mistakes if you will just study it.

I have many friends who started investing in stocks and ended up cashing out at a loss and decided not to do it again.They are expecting something that the stock market can give them fortune or easy money on a very short period of time; without even  knowing what they are getting into. They are expecting it is like an online casino! When their own expectation did not meet, they tend to get disappointed. Remember that each stock is a company and each stock will perform independently whether it is gaining profit or losing profit.Ask yourself first. What is my financial goal?

 Again this is another misconception that many people are thinking about investment. Risk is always associated in stocks and other investments. If you are a a conservative investor and dont have much time managing your investment, you can try less risky investment instruments like Mutual Funds, Government Bonds, VUL to name a few. That really depends on your risk appetite. Always remember, the lesser the risk,the lower the return and the higher the risk, the higher is the possible return.

When you hear Stock Market, you might be thinking of those charts and numbers running in tte news on your tv screen. Investing is not much a rocket science that most people are thinking. It can be learned and many ordinary people have become successful in their investments with only basic knowledge.

Early in life I thought that investing is only for the rich, billionaires, and financial analysts but to my surprise the intial investment is even cheaper with my cellphone. It used to be expensive but when online service came into being;things have changed. It is so amazing that the government made regulations is made easier and available to ordinary Pinoy!

  Do you want to learn how to become a Successful Investor? 

  Subscribe to my blog for free: 
                
  www.investambayan.com

  You can also join our community group in Facebook :
   
  Investambayan Fb Group

  You can also follow our Facebook Page:

  @investambayan 

  You can message me here: 

  investambayan@gmail.com

Read More

What Would You Lose If You Won't Start Investing Today?

Did you already miss a big opportunity? A promotion, perhaps! I did... A countless times. How did I feel? Devastated! Many times, opportunities get on our way, in disguise. Sometimes, we don't see it coming, it only passed by us. It knocks once and never goes back.

Then, we only regret! "If only I can turn back time..."

''The Story of an Eagle with a Chicken-Mind"

There was an eagle-egg mixed with the hen's eggs. The mother hen thought it's one of her eggs, regardless of its size, hatched the egg.

The eaglet seeing the hen for the first time, thought, she was her mom.

 The eaglet grew bigger and bigger after few days. Many years passed, he became a huge bird, the biggest in the clan. Despite his gigantic size, he was always bullied. His siblings and friends always made fun of him. "You're not one of us", "You're abnormal", "You're fat, you're ugly!" Ouch!

 Hurt by their words, He wondered why he seems to be different from others.

Mom, " Why am I different?", a downcast  eagle-kid, asked the mother hen... " Son, You may look different but you are a chicken". You are a 100% chicken, believe that in your heart!

One fine day, while they were searching for worms in the forest. They saw something in the sky. A mighty bird  gliding in the sky. They all stood in awe. That was his first time to see an amazing creature, freely flying in the air. "I hope I can be like that bird", he said. "Someday, I can fly". As his siblings overheard him, all interrupted, Mister wake up! We are chicken, we only live by worms.

"Isang kahig, Isang tuka lang tayo, ganern!" That's how we live life, stop dreaming dude!

That sight haunts him everyday. He has the desire to fly. He longs that one day, there will be no limit. He wants to be like that eagle even only in dreams. Many times he tried to fly but he has been just scared. Too scared to try, he can only say; "I'm just a chicken and chicken don't fly"

 Then a tragic day came, the eagle with a chicken-mind, died in an accident! That's was so heart-breaking...

He doesn't even have a single chance to know himself. He doesn't even tried to do what he's capable of! He missed a great opportunity!

I dont like his story to be the ending of my story...

I want it  it the other way! I'm sure you dont want that too...

We all want to have a good story to tell...

Being a finance advocate, I encountered many people who showed their interest to invest in the Stock Market; but only few would really be brave enough to take the step and go the extra mile. They would prefer to go to get-rich quick schemes and fall into scams.

I heard them saying;

 Stock Market? What? It's only for the rich and for billionaires!

or I can't wait that long!

Surely you will lose your money in Stocks!

They sounded like chicken, and chicken dont fly!

Simply the're missing something great!

I met a 65  year-old lolo who was asking help on what type of investment he can do with his money because he wants it to grow. I just told him the options were just very little considering his age. He told me, it was his greatest regret in life. He took it for granted when he was younger and now he's losing his time.

Why is time so important?

 T- he longer the years, the higher the return.

 I- nvestments needs patience to grow and to multiply.

M-oney is a good slave, when it works,it never sleeps.Give it a decade & it will go back a  million. 

E-xponential growth through compounding interest has long been proven.

What is Compounding Interest? What's in it for you?

Albert Einstein said,"Compound interest is the eight wonder of the world, he who understands, earns it, he who doesn't, pays it ".

According to investopedia,"Compound interest can be thought of as “interest on interest,” and will make a deposit or loan grow at a faster rate than simple interest, which is interest calculated only on the principal amount".

credit to the owner

Now I realized, why my father always told me when I was young. " The rich will only gets richer"! Money multiply on its own when it's place in the right place. It can grow exponentially! Gokongwei, Henry Sy, and Ayala have something in common; and that's how they made their money work for them. It is not a secret at all!

When I got to know how Stock Market works, I never let it pass. I became obsessed with it! Until now, I'm still amazed how it can grow what you have right now. Even how small the amount is, if you will consistently invest, it will grow to millions over the period of time!

Now, you are still young, you still have the time and you still have an income.

Dont be like that scared eagle or that 65 year old lolo!

Life is a race and you have to choose the right road.

I'm choosing mine...

" See you in the finish line!"




  Do you want to learn how to become a Successful Investor? 

  Subscribe to my blog for free: 
                
  www.investambayan.com

  You can also join our community group in Facebook :
   
  Investambayan Fb Group

  You can also follow our Facebook Page:

  @investambayan 

  You can message me here: 


  investambayan@gmail.com

Read More

Bing Su Inspiring Story:The Secretary and the Stock Market

I've known her for years already through an investment forum. She's just an ordinary employee with an ordinary salary; but she's a rock star in saving and investing. Her Story will surely inspire you to the bones...

I was able to chit chat with her and asked her for a brief interview. I'm glad that she gave permission to disclose some personal information.

"Noong highschool po nawalan na ng trabaho ang papa ko dahil ginawang private ang government-owned company na pinagtatrabahuan niya (BUSCO Sugar Milling Corporation) and isa siya sa nagpabayad kaya naghirap kami (leteral po na hirap na hirap). So yung pinaka interesting lang siguro is ang laki ng value ko sa 10 pesos and ang hirap hanapin ang pera."

How were you brought up by your parents in terms of finances?

Wala akong masyado masabi dito sir kasi lumaki din ako sa pamilyang hirap sa buhay. Mahihirap din ang mga kapit-bahay ko kaya ang alam ko lang noong bata ako is pagkatapos magkapera eh ibili ng pagkain. Ang iniisip ko lang dati sa pera is necessity siya na kung wala kang pera is kawawa ka! Kasi hindi mo nabibili ang mga kailangan or gusto mong bilhin, hindi ka makakain ng 3 beses sa isang araw at hindi ka maka tikim nang fried chicken (hahahhaha!)

What are your best practices to save wisely?

Actually marami na akong nababasa na 70-20-30 sir or kaya 70 -30-10. Hindi ko sya masundan lalo na yung 10% na tithing. For me kasi kahit hindi ko sa simbahan yan ibigay pag may nadadaanan akong mga less fortunate na mga tao (taong grasa or yong mga pulubi na hindi ako kinakalabit) doon ako nagbibigay ng blessings or yun ang 10% ko na share.

Honestly nag si-save lang talaga ako ng 5,000 simula noong na-educate na ako (whatever it takes so nasa 30% ng sahod ko yan) tapos pinagkakasya ko nalang ang natitira.

How did you build your Emergency Fund?

I was inspired by TGFI (Sir Floi yung founder) and Suze Orman about Emergency Fund. At First, 3 months equivalent to your monthly expenses which is; 3 months x 10 K =30 K pero noong napanood ko sa Youtube si Suze sinabi niya na mas safe ang 6-9 months.

Noong una lang mahirap kasi ang dami kung inalis na usual ko ginagawa kagaya ng movie kapag may bagong palabas. Kumain sa mga restaurant at saka yung paglalaro sa Quantum (palaruan sa SM) nakakaubus din ako ng token doon na 500-1000 na token every week. Yun ang mga tinanggal ko para mabuo ang 53Th week ko. Wala naman masyadong secrets pag pursigido ka at eager kang matapos ang goal mo. Kapag may goal ka talaga yun ang nagpapa remind sayo palagi na kailangan kung e-hit ito. 

53 weeks saving challenge

Sa 53th week challenge sir ang secreto lang is mag advance ka nang hulog pag may extra ka na pera or pagkasahod mo para hindi mahirap sa dulo.

When did you start learning about Investment?

Actually naririnig ko na sya noong nag aaral pa ako sa college kasi banking and finance ako pero that time hindi mo appreciate or hindi ka interasado kasi pang-pagkain nga wala ka,pang invest pa. Akala ko noon para sa mga mayayaman lang. Hindi naman hinihimay-himay yan pag dinidiscuss ng teacher until one of my classmates sa College (Kristine Petalcurin) nag-message sa akin sa Facebook na balikan ko ang topic sa Stocks and she added me sa group ng Investing in the Philippine Stock Market. Hindi na sya nag detalye pa kung ano ang gagawin basta sabi niya lang try to invest sa Stock Market.

Noong una is eni-explore ko yung page kung anong meron tapos pinanood ko lahat ng episodes ng Pesos and Sense. Tapos doon sa online broker recommended nila ang Colfinancial so pumunta ako sa website nila tapos ginawa ko lahat ng requirements nila. Super-eager ako na makapagsimula na hanggang ang pinapanood ko sa Youtube is about investment na sir. Yung eagerness talaga ang nag push sa akin na pwede pala ako yumaman in the future kasi sir laki ako sa pamilyang mahirap kaya ang pagiging mayaman ang palaging inaasam.

What are the obstacles that came along the way?

Siguro yung pinaka mahirap lang is yung 1st year ko sa pag iinvest. Kailangan ko epull-out ang initial investment ko kasi namatay ang mama ko and that time kasi nahuli ang Emergency Fund ko ng ipon sa sobrang excited (which is mali), after that sabi ko hindi ko tatapusin ang taon na hindi ko matatapos ang goal ko na amount every end of the year.

What are the assets you have in your Portfolio? How did you diversify your fund?

Ang hawak ko now are Stocks: Double Dragon and Megaworld worth of 200,000 plus then Mutual Funds worth 75,000. I didn’t put a lot of money muna sa stocks kasi may business din ako na pinapalaki sir lending (3-8%) every month yung kita doon minsan dinadagdag ko sa portfolio ko.

What is the status of your Portfolio right now?

Actually loss siya now nang 5% pero hindi naman ako nag wo-worry kasi long-term investor ako and masaya pa rin ako dahil imaginin mo from 0 investment, 0 savings, ngayun kahit makita mong loss I can't deny to myself na proud pa rin ako dahil inspite sa maliit na sahod, I can manage to save at least 100K  every year at alam kong hindi na ako maghihirap kasi yung habit sa pag-save at pag-invest ay nasimulan ko na. Mahirap po sir ang maging mahirap and no plan to sell my stocks until mag 50-60 years old ako.

Do you have any other plans for your Portfolio or adding investment instruments?

My Portfolio is for my retirement talaga na sa pagtanda ko hindi ako ma mroblema sa kakainin ko or worst sa maintenance nang mga gamot ko and gusto ko magbakasyun nalang and No plan to be an employee until 60 hahaha! Sa ngayun may hinuhulugan akung VUL sa Sunlife 6,700 (quarterly).

Do you want to learn how to become a Successful Investor? 

  Subscribe to my blog for free: 
                
  www.investambayan.com

  You can also join our community group in Facebook :
   
  Investambayan Fb Group

  You can also follow our Facebook Page:

  @investambayan 

  You can message me here: 

  investambayan@gmail.com

Read More

Scammer Spotted: Shocking Signs of a Scam

Hi there, my blog today is going to help us on how to distinguish a legitimate business/investment to an investment scam. At the height of our economic growth, scammers are everywhere, they are spreading BIG time! Someone you are meeting today might be a wolf in a sheep's clothing. In the last 20 years, people have lost more than P80 billion to investment scams in the country.

Most Filipinos are prone to scam because of lack of Financial Education, ignorance in investment, and greed. According to David Angway, a Registered Financial Planner," Many people get into scam not because other people ask them to join a certain group, but because they are greedy inside. They want to earn more in a very small amount of time. How can we spot a scammer? 

Sign#1. If someone offered you an investment that sounds too good to be true. 

Few Months ago, I was offered left and right with a type of investment which is for me, an investment seems a bed of roses. The name of the investment was EMGOLDEX. I was also approached by my boss and inquired whether that was legit or not. In the hype of that investment, my officemates were throwing their hard-earned money. Newsfeed were flooded with noisy testimonials about the easy money and raining cash. Later, EMGOLDEX was declared by SEC as an investment scam, money got wasted, and so called "investment" came out of sight. My boss told me few days ago, that, even the "upline" got all the money and went missing in action!

Randell Tiongson, a finance advocate, wrote in his article; 

"Salve Duplito, the host ANC’s “On The Money” says “basically, Emgoldex is a pyramid scheme disguised as a product-based MLM.” She further says that “Emgoldex promises to make its investors rich, not because of the gold, but through its commission plan. It offers returns of at least 1,105 percent, fast, easy, and without any risk.” 

The prospects of getting such a big yield on your money is what lures a lot of people into investment scams such as the Emgoldex which is actually an old scheme with new twists. The combination of greed and ignorance makes investment scams proliferate and many forego common sense and join the bandwagon. If you read the marketing materials of Emgoldex, your first reaction should be “it’s too good to be true!” because it really is. 

Read more: http://business.inquirer.net/

Sign #2. Most likely if someone promises you a guaranteed return, you better run! 

In the legitimate investment industry, brokers and financial planners are trained to tell their clients that all investments have an accompanied risks. The higher the return, the higher the risks. The lower the risks, the lower the return. 

What is Ponzi Scheme? 

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going. 

Sign #3. Focus more on recruiting than their products. 

Do not be easily get entice with expensive cars and properties but be focused more of their products. What are the products and services? What are the features and benefits of products to offer to the customers? A legitimate business have good products to offer. 

If you dont understand the business model then do not go for it. In social media, scammers used celebrities and sensational stories to entice people. These often spread very fast, because users share the posts before verifying the story. 

"Ito po sa pyramiding kung susuriin investment style, nire-require mag-recruit tapos may bonus," said SEC spokesman Atty. Gerard Lukban. "Kung sa pag-recruit ang payout kinukuha sa baba pag nag-collapse mawawalan ng kita."

source: ABS CBN

Sign #4. Focus more on quick and short-term return. 

Of course, I would rather choose a quick return than waiting for too long. We want it the easier way. However, investment by its own nature takes time and takes careful study. My friend confessed in our group chat in investambayan that he was scammed 50,000 pesos few years ago by a Ponzi scheme and lost appetite in investing since then. 

So Lets be very careful and validate any investments and don't just rely on someone is telling you. 

" For example, when someone promises you a high investment return in so short a time, ask him to prove it through third party validated studies, not just from testimonies of people who had bought the product. You may even ask him if he has a secondary license to sell investment securities from the SEC", Efren Llamas,a Registered Financial Planner,says. 

 Do you want to learn how to Avoid Scams? 

  Subscribe to my blog for free: 

                

  www.investambayan.com

  You can also join our community group in Facebook :

   

  Investambayan Fb Group

  You can also follow our Facebook Page:

  @investambayan 

  You can message me here: 

   investambayan@gmail.com

Read More