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Popular Posts
- 1. Caveat OFW – Scammers at the Gates, Part 1
- 2. The Tale of the Oilman and How Herds Trash Reason
- 3. Why We Should Beware of “Proprietary Strategy”
- 4. The Four Telling Signs of Lack of Investment Literacy
- 5. The US Anti-Outsourcing Bill and Its Possible Impact on OFWs
- 6. The Good Luck Charm That I Know
- 7. When Humans Bend Credit Rules, Ghosts Appear and Darkness Looms
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- 10. The Three “Musts” of an OFW Bank
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Category Archives: Impossible Earnings
The Top Five Lessons of the Year 2012
There are usually three preoccupations people get busy with as a new year starts to roll: New Year’s Resolutions, New Year predictions or recapitulations of important events/thoughts of year just past. Continue reading
Posted in Impossible Earnings, Insurance, Real Estate Investment, Stock Market
Tagged " Influence of Herds, "The Art of Speculation", Aman Futures scam, Bull-Bear Connection in Boxing, impossible earnings, Influence of Authority, Philip Carret, small losses turning into big, The Black Swan Manny Pacquiao, Variable Universal Life or VUL
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Why Fairly Intelligent Men Fall for Scams
After dissecting scams from a product structure viewpoint in the last post, “Impossible Earnings – The Keystone Where Scams Are Built,” it is time we shift viewpoints. This time we look at it from the point-of view of the victims. … Continue reading
Impossible Earnings – The Keystone Where Scams Are Built
Countless opinions have been offered about the Aman Futures scam, the Ponzi racket that hit the newsreels weeks ago and seems even getting hotter as days go by.
The facts appear mind-boggling: about P12.0 billion or so in hard earned money were bilked from 15,000 or so market vendors, fishermen, teachers, policemen, soldiers and government official Continue reading
The Groups One Should Avoid
After discussing in the last post about why it is highly advisable to join investment or business groups, the next question should be about which groups to join or not to join.
Herd Mentality – The Number One ‘Don’t’ in Investment
There are many “do’s” and “don’ts” in investment. The don’ts of course far outnumber the do’s but that should be the subject of a future post in this blog.
Why We Should Beware of “Proprietary Strategy”
Just a few days ago – almost right after Valentine’s Day – the infamous Ponzi scammer Bernard Madoff which I mentioned in a previous post “The Curse of the Pyramids”, made it to the headlines again in a New York Times interview when he claimed that “the banks were complicit in his scheme to steal billions of dollars.” Wow, I got struck… what a piece of news bursting with topics to write about. And here, I got preempted to make good a promise to write something about a closely related issue.
The Curse of the Pyramids
There are as many types of scams as the minds of schemers can think of. This post is a survey of the most prevalent of all scams: the Ponzi pyramiding scam. The aim is to increase our sense of awareness on such types of scams, be able to spot them as they knock at our gates and avoid getting entangled with them. Continue reading
Caveat OFW – Scammers at the Gates, Part 2
For this concluding portion of the two-part article, we will dwell on two more types of scams: scams by legitimate entities; and, foreign currency investment scams. Afterward, we will end with simple suggestions to avoid scams. Scams by Legitimate Entities … Continue reading
Posted in Impossible Earnings
Tagged Babylonian parables, fly-by-night companies, foreign currency investment scams, found money, George Soros, impossible earnings, John Bogle's caveat, Legacy group, legitimate entities, lending investor, the way to avoid scams, the world's greatest investor
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Caveat OFW – Scammers at the Gates, Part 1
For this two-part article, we explore the subject of scams, make a quick glimpse of the most common and ubiquitous types, proceed to indicate the ones which OFWs should be most wary about and suggest simple ways to avoid such scams. … Continue reading