Many Zimbabweans are in tears. Thousands of them have invested their hard-earned money in the People's Ponzi scheme called MMM, including government officials, suppliers and more.
But the system collapsed, and many have subsequently lost thousands of dollars in fraudulent pyramid schemes online.
Social financial network that is based on an increasing number of new members to pay the old, abruptly stopped its services without notice last week, so that the participants blocked. To avoid becoming a victim of this, here are some steps you should take:
1. Avoid greed
The reason why most people become such systems is that the first victims are greedy. because you have to invest in a system that promises almost 50% return on your initial investment in a relatively short time, for example. So while it is good to dream big if a system is good, the more likely it is. So do not let greed pushes you to do something you later regret.
2. question
Questions like: What do I stand to lose? Who is the author of this scheme? And 'legal? What are the likely risks? There are no positive reviews of the regime? Questions like this will help you decide whether to invest in the scheme will be a wise idea or not. Ask the objective people, not those who have already put too much in the scheme to be objective in their assessments. 3. Do your research
3. Do your research While you can trust people if you are certain that their evaluations are quite objective, it may be necessary to conduct your own research. Google and Wikipedia can help youo with best sources of such information. You should put it to good use. Implementation of proper research on their own, can stop you from making costly mistakes dependent by another person, and end up losing your hard earned savings of the people of Zimbabwe.
4. Invest only if you understand
An important suggestion by top investors has been that there is need to understand the business and if you fail to do so don’t invest. Bill Gates and Aliko Dangote, two of the richest men in the world repeat this advice regularly, so keep that in mind. If an investment scheme seems too complicated and complex, you should take the time to understand how to be or not to invest in fire.
5. Be wary of pyramid schemes
of pyramid investment schemes, investment schemes, where they are asked to put a little 'of "money and take a certain number of people, which in turn will bring a different set of people, which is also known as the network is extremely risky. in many cases, the pyramid falls with time, and the majority of people are left with a broken heart. So it is usually better to avoid altogether pyramid schemes.
6. Documentation
When you invest in any paperwork scheme it is important, it is particularly important to see the documents and agreements, even when they invest in the network diagram. Ask agreements prepared by a qualified lawyer, so if something goes wrong, you can sue the organization in court. Also avoid organizations without permanent office address, and is not registered with Corporate Affairs Commission (CAC).
7. To evangelize the Gospel is actually more of a sign that someone is out to take advantage of you at your expense, so be careful when someone starts to preach and persuade you to put your money somewhere. It could prove to be a scam or a fraud. The points are not exhaustive, if you have other suggestions that may help investors to be more careful, do not hesitate to drop them in the comments below this post.
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