Metro Manila (CNN Philippines) — Amid these uncertain times, more Filipinos are seeing the importance of saving and investing for their future. Some unscrupulous people, however, are out to get your money.
An offer to invest in a little-known product or company with a promise to double your money in just a couple of weeks may be tempting as it may sound, but don’t get too excited. You could be walking into a scam — and soon part ways with your hard-earned money.
Here are some telltale signs of investment scams:
The offer comes out of the blue
Have you ever received a call, text or email from a stranger offering a lucrative investment deal? It’s probably too good to be true.
Before you whip out the checkbook and imagine the riches coming your way, calm down and ask yourself this. Why would an unknown caller choose you for a supposedly elite investment platform? Chances are, the person was trying out random numbers until someone takes the bait.