Updated: April 14, 2020
After three quarters, my crowdsourcing Q&A microsite, ASK has been steadily growing over the past few months.
I’m really glad that it’s slowly becoming an avenue of discussion for people who are trying to learn more about business, investments and personal finance.
It’s been a while since I featured questions from the site, so I decided to highlight today three questions which has recently been asked by members of the site.
With so many investment opportunities out there, it can be hard to decide which ones to pursue – given our limited time and money – that’s why doing our due diligence is a must before putting money into anything.
Below are three questions about three different investment opportunities, namely JustBeenPaid, International Marketing Group (IMG) and Philequity Fund.
Read below what the members of the community has to say about them.
LittleJowell asks for feedback regarding JustBeenPaid-JSS Tripler which is an online MLM business that borders on affiliate marketing.
The answers are mostly cautious, including mine:
Someone already invited me there. No cashout to join… so no harm in trying.
However, I told my friend who’s been inviting me that if he is able to cash out at least three times without any issues, then I might reconsider joining as it’s a sign that it’s not a scam.
Hope I was able to help.
Personally, I’m always careful at joining any internet-based multi-level marketing business opportunity – because there’s really so many scams out there.
On the other hand, you don’t want to totally dismiss all of them because there are a few that turn out to be profitable in the short term.
My rule of thumb – if you have the risk appetite, go ahead and join – but be a paranoid lunatic and expect you won’t get your investment back, and cash out as soon and as often as you can – because honestly, these types of businesses don’t last very long (in my observation).
Lastly, you should know that JustBeenPaid has recently been acquired by another company and is now operating as ProfitClicking – the names may have changed, but the same rules apply.
Be careful and never ever give to these sites any financial information about you such as bank account details, credit card numbers and the like.
Meanwhile, community member Enzo asks about IMG – an independent firm which acts as an investment broker to many products such as insurance, mutual funds and even real estate. Locally, they also provide personal finance training and other income opportunities.
Currently, all responses given are positive and comes from actual IMG members who have been with the company for at least two years already.
The most recent, comes from Christy who shares:
I’ve been a member of IMG for about 2 years already. I’m thankful that I found this. If I didn’t, I guess I’m still wandering now. I’m earning and working so hard but didn’t know what to do with the money.
When we found IMG, I was not ready. I was scared, hesitant, and doubtful, but I took the risk of learning and finding out what is it all about. Now, I could say “I’m glad I conquered my fears.”
With their talks and other trainings I was able to start my own financial foundation. Most importantly, I was able to share it to my family and friends too. And, that is the mission of the company “No family left behind.”
It also taught me the importance of financial planning.
The responses have honestly encouraged me to look into IMG further and see what they have to offer to the ordinary Pinoy. So suffice to say, you’ll read more about them here soon, after I do my own research on the company.
Lastly, but certainly not the least, is MondC’s question about Philequity Fund – an equity mutual fund managed by Philequity Management, Inc. (PEMI).
All responses are quite positive as well, with Anthony sharing a more realistic perspective:
For me, Philequity is also a great company. I invest there too. The reason for putting the amount of money I allot for mutual funds in different accounts is that I don’t really know what company will perform better. I also invest in FAMI mainly because of their 3-5 year track record.
Indeed, it will be very hard to know which investment product or mutual fund company will perform better – and the best you can do is to diversify your portfolio to minimize your risk.
One thing I’ve learned about investing is that – your primary goal is not to lose money; while your secondary objective is to simply grow your money faster than inflation. And seeking the investment that will give the highest net gain is just your third priority.
Achieve two out of those three tasks and you’re already so much better financially than if you didn’t invest at all.
Bonus Tip: Do you want to know the best performing mutual funds in the Philippines? Check out the PIFA website. As of writing, Philequity Fund is the third best performing product based on the 5-year return.
This wraps up today’s post. I hope you found it informative. Kindly share if you did!
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