A financial expert has advised the public to shun any structure that promises significantly high comes back on investment. Afyan created the Facebook page “Afyan Mat Rawi, IFP” in 2008 to talk about information about doubtful investment opportunities. He said there were certain things people could quickly do to discover if an investment company was endeavoring to scam them. Of all First, look at the returns they promise.
If the company guarantees more than 15% earnings in a calendar year, then it’s a confirmed scam,” he informed FMT. He said traders also need to check if the company’s name is shown with the Securities Commission (SC). “The SC is your body that regulates investment affairs in Malaysia. Fraud companies shall not need their titles listed.
He also advised investors to require the company’s audit reviews to observe how it was managing itself so well that it might assure such high results. If the business is a scam, then it won’t have audit reviews. Aryan said the promotional materials released by fraud companies would often feature images of luxury cars, big houses, and expensive clothes, among other activities, to lure traders. “They also often feature people with fake titles like ‘Datuk’ or intended religious scholars. These are all traps. The very best advice I can give is to provide yourself with financial knowledge. Tuesday On JK Associates primary consultant Ken Han Ming acquired said scams including large sums of money would more often than not be run by organized criminal offense syndicates. When asked to verify this, Afyan said he couldn’t do this but added that was “possible”.
- Online Banking
- 4 years ago from United States
- 3% of one premium
- Tax Advisor
- 30 20% -10%
- Priority CUSTOMER CARE – $5.95
- 2008: -9.95 percent
Coming from a spectacular currency markets rally and 5.0% GDP growth in Q4 2009, the consensus view was calling for the kind of robust recovery that would follow a steep economic pullback typically. Financial conditions were loose and mortgage rates unusually low abnormally, implying a strong recovery for our country’s battered casing marketplaces seemingly.
Home sales experienced gained a mind of steam into year-end 2009, and it appeared the most severe of the storm had exceeded. A housing recovery was expected to work wonders on the financial sector and the real economy. The bears noticed things differently. The most popular bearish view focused on ongoing mortgage troubles and “deleveraging.” Some of the more vocal bears spoke of consistent Credit contraction. Indeed, contracting home mortgage debts and stagnant corporate borrowings were leading to a highly uncommon decline in private-sector Credit. Emboldening this line of evaluation, bank, or investment company Credit was continuing to contract and “money” source growth continued to be tepid.
Yet the conventional bearish view tended to downplay the impact from the substantial expansion of authorities debts. From my analytical perspective, a debt extension of such magnitude should be the analytical centerpiece. Total Non-financial debts expanded 3.0% in 2009 2009 and then accelerated to 4.3% annualized in Q1 2010 and 4.7% in Q2. On the trunk of unprecedented (double-digit to GDP) peacetime federal borrowings, total system Credit was growing – not contracting.