Interesting Investment Call

[kuehteow]

Just receive an interesting investment call a moment ago. But just want to check whether anyone had gotten similar call in the past.

This investment acts like a guarantee fixed deposit and locked down period is only 2 years. First year it will be paying out a guarantee 5% of the capital sum as the first interest gain. Subsequent year, it will returning your principle amount + guarantee 12% interest gain.

Minimum investment sum starts from 10K onwards and it is a property investment fund focusing on Philippines property.

Is this a scam or what kind of things should i look out for? Somehow it sounds too good to be true. 17% return in 2 years time?

 

[newjersey]

stay away.

17% returns in just 2 years?

that's super high and how are they going to do that?

 

[kuehteow]

stay away.

17% returns in just 2 years?

that's super high and how are they going to do that?

Yes exactly, it just sounds too good to be true unless they are really super confidence in Philippines property market.

Anyway, will be meeting the agent to get more information on this. Interesting part, is that everything he mention is guarantee. I was actually expecting only the capital guarantee but he mentioned that even the interest percent gain is guarantee as well.

 

[WagnerChun]

It does not matter what they guarantee. If the company goes belly up or disappears, whatever they guarantee will become zilch.

How well do you know about the Philippines property market? Or connections within the country? How do you know if the pictures of nice hotels/casinos/housing they "claim" are actually investible areas and not some slums?

Their scheme sounds awfully similar to the Profitable Plots scam and they only offered 12.5% returns for property in UK. A much more developed place than Philippines, yet it turned out to be a scam.

http://www.nextinsight.net/index.ph...and-investment-now-i-work-as-a-security-guard

http://www.theonlinecitizen.com/2015/06/22/lessons-learned-from-a-property-investment-trap/

 

[alexchia01]

Yes exactly, it just sounds too good to be true unless they are really super confidence in Philippines property market.

Anyway, will be meeting the agent to get more information on this. Interesting part, is that everything he mention is guarantee. I was actually expecting only the capital guarantee but he mentioned that even the interest percent gain is guarantee as well.

I also give you guarantee.

I guarantee that you'll never see your money again once you give them your money.

The funny fact is that my guarantee will actually come true, while their's will not.

 

[kuehteow]

I also give you guarantee.

I guarantee that you'll never see your money again once you give them your money.

The funny fact is that my guarantee will actually come true, while their's will not.

Ok, so you mean that even if you sign the black and white they can go back on their word??

I know if the company closed door, you will not be able to see your money, if the company is still in operation, can they still do that if it is stated black and white??

 

[alexchia01]

Ok, so you mean that even if you sign the black and white they can go back on their word??

I know if the company closed door, you will not be able to see your money, if the company is still in operation, can they still do that if it is stated black and white??

Black and White is nothing unless it's enforceable.

You sign a contract with them, who's going to enforce the agreement when they don't pay?

They are definitely not going to enforce it because it's to their advantage not to pay you. The Singapore Government is not going to enforce it because the property is not here and it's out of their jurisdiction. The Philippines Government is not going to enforce it because it's a private agreement between you and them.

You'll have to engage a lawyer over there to sue them. It's going to be costly and lengthy. If you successfully won the case, you'll still have to engage a collector to chase the owners down and force them to repay you.

By the time you do all these, the owners have already hidden their assets and disappear.

It's easier for you to enforce an agreement you sign with me than with them because at least you'll know where I live.

 

[badsector]

Ok, so you mean that even if you sign the black and white they can go back on their word??

I know if the company closed door, you will not be able to see your money, if the company is still in operation, can they still do that if it is stated black and white??

http://www.mas.gov.sg/moneysense/understanding-financial-products/investments/consumer-alerts.aspx

good luck

 

[kuehteow]

Thanks for all the info.

 

[dr3amgawd]

Just receive an interesting investment call a moment ago. But just want to check whether anyone had gotten similar call in the past.

This investment acts like a guarantee fixed deposit and locked down period is only 2 years. First year it will be paying out a guarantee 5% of the capital sum as the first interest gain. Subsequent year, it will returning your principle amount + guarantee 12% interest gain.

Minimum investment sum starts from 10K onwards and it is a property investment fund focusing on Philippines property.

Is this a scam or what kind of things should i look out for? Somehow it sounds too good to be true. 17% return in 2 years time?

Ask yourself if its such a great deal why are they looking for business and contacting you ?

Sent from Samsung SM-G920I using GAGT

 

[kuehteow]

Ask yourself if its such a great deal why are they looking for business and contacting you ?

Sent from Samsung SM-G920I using GAGT

So how do we distinguish a genuine investment from the scam???

 

[alexchia01]

So how do we distinguish a genuine investment from the scam???

In investing, there is no guarantee.

When you buy a stock, there is no guarantee that the stock will appreciate 10% every year. However, if you brought a good company and at a good price, overall in the long term, you'll make money. But there is no guarantee.

When you buy a property, there is no guarantee that your apartment will appreciate 10% every year. You can't even guarantee that you'll definitely able to rent it out. However, if you brought a good apartment at a good price, overall in the long term, you'll make money. But there is no guarantee.

Whenever someone approach you with an investment with guarantee returns or guarantee of anything, that is not regulated by any government authorities, 99% it's a scam.

Guarantee is a gimmick used by scammers to give you a fault sense of security. But in actual fact, it doesn't exist.

It's easy to throw out the word guarantee. But you have to ask the question... guarantee by who? Guarantee by the company? If the company is a scam company, do you think they'll honor their guarantee? Would you believe a theft when he tells you, he'll guarantee return your money in the future?

 

[wahkao3]

there are 2 things in that are guaranteed.
1) death
2) taxes

 

[henrylbh]

Most important is who is the guarantor?

Even if it is guaranteed by a bank, it must be a first class bank.

 

[wahkao3]

i usually ask such guarantees to be backed by another AAA credit rating institution
if no, the guarantee is not crediable.

u borrow money from bank they ask you to find another guarantor to sign in case u run away. I also wan the same assurance

trust me, i have been burnt by guaranted investments before.

 

[newjersey]

Yes exactly, it just sounds too good to be true unless they are really super confidence in Philippines property market.

Anyway, will be meeting the agent to get more information on this. Interesting part, is that everything he mention is guarantee. I was actually expecting only the capital guarantee but he mentioned that even the interest percent gain is guarantee as well.

pal... please don't sign on the dot.

if u do and when u do and you make good money from it. you can pee on me.

if u do and u lost the money, u can remember that we collectively TOLD U SO.

not sure if u know, Philippines gov has been known to default on their bonds too... it's not SG gov or some other trustworthy gov that knows reputation is one of the components for sustained prosperity.

 

[endlssorrow]

If from bank leh? Ocbc posb DBS uob ask leh? Hahahha

 

[Limexx]

17%? Mai tu liao!! Sign sign sign!!!

 

[Shion]

Investing in something overseas and you probably won't be able to see it, not a wise decision

 

[focus1974]

After all these years of wine scheme... land scheme... oil scheme... property scheme.... and all the disastrous outcomes...

we still have people asking about it.

now I know why all these investment schemes cannot be eradicated from society ... there is a genuine demand for these type of schemes.