How To Spot and Avoid Investment Scams (Episode 55)

Updated: February 4, 2021

Listen to Episode 55:

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Episode 55 Chapters:

  • 00:58: Philippine Scams
  • 02:45: Scam Sign #1
  • 03:54: Scam Sign #2
  • 04:39: Scam Sign #3
  • 06:01: Scam Sign #4
  • 06:55: Scam Sign #5
  • 07:41: Scam Sign #6
  • 09:14: Episode Break
  • 11:27: Scam Sign #7
  • 13:21: Scam Sign #8
  • 13:50: Scam Sign #9
  • 14:39: Scam Sign #10

Excerpts and Highlights:

Philippine companies that offer investments should have proper licenses from the SEC to solicit investments or operate as a crowdfunding company. For foreign companies, they should also have proper licenses from the regulatory bodies in the country where they hold office.

You should never be pressured into investing. People who solicit investments should respect your decision to wait and do your own research.

Financial literacy is our best protection against financial scams.

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2 comments

  1. Enjoyable and deadly accurate podcast today. I was smiling because our largest venture, three years old January of 2021, could easily be perceived as a scam if ever I tried to sell the concept to investors for the purpose of raising more capital to expand. We are properly licensed to do business province wide, we have a lawyer/CPA who is very good and everything is in order. We have grown to a point where we have been invited to do business with two government office branches and that has worked out very well.

    All the other “trouble signs” would not look so good. We have no rented office, everything runs from our small office at home base. NO website, advertising etc, all growth came from word of mouth and often much more business than we could service. The business took off and we never did get around to having business cards printed. No clients ever visits our home, there are a few designated days we go to them. Lawyer can handle things (witch he did during my Wife’s difficult pregnancy) in our absence.

    Growth has certainly outpaced our capital. Man, I would have no idea how to ask investors to trust us with their money, in view of most of the ten signs above! In fact all investors are immediate family. Beautiful Bride and myself are primary owners. Mother-in-law made a small investment and receives regular monthly income. From time to time I have added funds when we close out a trade that exceeded our goals. On behalf of our four young troopers, I made a P50,000 investment telling each that P12,500 was there individual portion to own, watch and track in their portfolio binders.

    That investment for the troops was made shortly before we had a lengthy lockdown in early 2020 so there was almost zero business activity most of 2020. When we closed the books for January 2021, and in spite of no business during our lockdown period, all were very happily surprised to see their individual P12,500 investment had grown to over P36,000 because of compounding!! No additional investment on their behalf. How would anyone ever be able to market a investment in what I have described? All I can say is it works for us. OH, yes, I absolutely see clearly how and why scammers succeed so often and those ten signs should be our guideline to sort the wheat from the chaff.

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