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Avoiding Scams While Investing - Investment - Nairaland

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Avoiding Scams While Investing by Goldenurch(m): 10:27pm On Nov 10, 2021
Looking for a genuine place to invest your money?
Don't want your money to keep depreciating in the bank?
Want your money to work for you and generate interest?
Don't want to loose your hard earned money to scammers?
Here are few things to look out for while investing.

1. With whom are you investing your money?

One of the easiest ways of getting scammed is investing with untrusted and unregulated soruces. Any firm or business you want to invest with must be regulated so as to cover for risk, should any eventualities occur along the line

2. What business is the firm putting your money into?

Any investment platform you entrust with your funds with, should have a viable business which they fund with your money. A good example of such businesses are essential commodities, which would keep your money in circulation, thereby ensuring profit margins for the firm and you, to avoid loss of your funds.
A firm making money with your funds would most likely not abscond with the same funds, since they are already profiting from it.

3. Is the return on investment commensurate with the business being invested into?

One of the signs of fraud is ridiculous return on investment. There are certain business that take in certain percentage of profits. A genuine investment platform can't give you more than it makes on a particular business because nobody is ready to run at a loss. Any investment promising high returns must generate high profits.

Always look out for firms into essential businesses and financial institutions.

NB. Always run a proper background check on the firm, before investing.

1 Like

Re: Avoiding Scams While Investing by Goldenurch(m): 11:31pm On Nov 10, 2021
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Re: Avoiding Scams While Investing by Goldenurch(m): 10:30am On Nov 11, 2021
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Re: Avoiding Scams While Investing by SavageResponse(m): 11:14am On Nov 11, 2021
Goldenurch:
We at Oxford offer vast opportunities in essential services, giving you a deed of agreement and post dated cheque.

Invest in dredging today and get 15% interest on your funds in 6 months..

Contact us today 07062884049

I hope it is not the nonsense Oxford Group that claims to have a restaurant in Dubai yet when you search online you can't find any reasonable information on them.

The MD does not even have a LinkedIn page and there is absolutely no information on his professional career progression online!

Please write the name of the company in full so we can know which Oxford you are referring to.

For avoidance of doubt a postdated cheque is as useless as the "P" in the word "Psychology" if there would not be any funds in the account on the due date of payment.

No one should ever accept this as evidence that your investment is safe or assured!
Re: Avoiding Scams While Investing by Goldenurch(m): 7:08pm On Nov 11, 2021
That's the CEO

Re: Avoiding Scams While Investing by Goldenurch(m): 7:30pm On Nov 11, 2021
That's why I made emphasis on running a background check.

A scammer may even disguise with the name of a viable firm.

Background check will save you the stress.

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