Home » Articles » Finance / Wealth

7 Golden Rules to Protect Your Financial Investments in the Philippines

"Money unprotected is money wasted". To ensure safety and protection of your financial investments, it is ideal to put these 7 Golden Rules in your heart and mind. They are the fundamentals in protecting your investments in the Philippines.

(Picture) Protecting your Financial Investments in the Philippines

  1. Study carefully the "financial product" being offered to you. Understand thoroughly the terms and conditions printed in the document. Don't accept or buy "financial product(s)" that you do not understand especially if it is known as "good-to-be-true" and you find difficulty understanding the terms and conditions.
  2. If the offer is so "enticing", very high in return of investment (ROI) or in short "good-to-be-true", chances are it will never happen or the financial product will fail. Avoid the so-called "pyramiding", including those businesses or financial products being sold in the internet, that convince you to recruit more "investors" in order to earn more. (There are many cases that some Network Marketing Companies (MLM) are involve in "pyramiding")
  3. Be sure to know if the "investment product" is registered in the Securities and Exchange Commission (SEC), including those "investments products" being sold in the internet. If the "financial product" is an "insurance", it should have a Permit from the Insurance Commission (IC). A company having a "Certificate of Incorporation" from the SEC doesn't mean that the said company have a permission to sell a certain "investment product".
  4. Know carefully the company and the people who run this company who offer the "financial products". The "investment products" that came from the banks should have a permit from the "Bangko Sentral ng Pilipinas" (BSP).
  5. Transact only to the agents or brokers who are licensed by SEC. If the "investment product" is from a bank, transact only to employees who are authorized in that bank.
  6. "Investment products" are not insured by the Philippine Deposit Insurance Corporation (PDIC).
  7. Keep the proofs of your "financial investments" such as receipt, contract, agreement or certificates and other related documents in a very secure place.
Your money and financial investments will be in good hands if you know how to protect them. Thus, you'll feel secure of your financial health today and tomorrow.
 

Share This Post

If you like this article, we would really appreciate if you share this on Facebook, Twitter, or on any social media channels. Every share makes a huge difference and helps us write more articles like these. Thank You!

--- NOTICE ---
If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.
"7 Golden Rules to Protect Your Financial Investments in the Philippines" was written by under the Finance / Wealth category. It has been read 2012 times and generated 2 comments. The article was created on and updated on 25 February 2011.
Total comments : 2
Commodity Tips   (16 June 2011 1:02 PM) [Entry]

I absolutely adore reading your blog posts, the variety of writing is smashing.This blog as usual was educational, I have had to bookmark your site and subscribe to your feed in i feed. Your theme looks lovely.Thanks for sharing.

admin   (16 June 2011 1:12 PM) [Entry]

You're welcome commodity tips.