Forex investment with a 2 percent return every month?

Forex investment with a 2 percent return every month?

Dear kopiandproperty.com readers, I want to tell you again. If the returns from an investment can be as good as 1 percent per month, that’s 12 percent per year. If the returns really can be as lucrative as 12 percent per annum, where do you think all our banks, many of our listed companies with extra cash reserves and maybe even our Employees Provident Fund (EPF) would invest their money?

Yes, they will invest into this investment scheme which could give them 12 percent return per year because the banks will then just return 3 percent to you as interest for your fixed deposits with them or in the case of EPF, maybe give us up to 9 percent dividends every year since they have 12 percent returns from such an investment scheme.

It’s already not realistic even if it’s a 1 percent return per month. Hope everyone who reads this informs our friends, relatives and colleagues if they approach you with any investment scheme with an even more lucrative returns. I hope for the following case, they can catch the masterminds and the victims can get back some of their ‘investments’ from them.

Article in nst.com.my. Some 400 victims of an alleged currency investment scheme claim they have been scammed of more than RM100 million.

Insurance agent Lee Jian Shiun, 32, was among the victims who held a press conference at a shopping centre in Subang yesterday to bring attention to their plight.

According to Lee, he was first introduced to the investment scheme by his friend in 2016 which offered a return of two per cent profit every month in addition to a handsome reward if he managed to bring in other investors.

“However, in 2022, we did not receive the promised returns and the company gave various reasons including claiming that the problem was caused by the bank.

“Until one day, the head broker mistakenly sent a message about the division of investors’ money with his two partners into a WhatsApp group which proved that our money was not invested but rather divided between them,” he said. Do read here for more details of how the scheme worked: Article in nst.com.my.

Earn, Save, Invest and Protect are the pillars to personal finance journey

Strive to earn more so that we have more to save and once our savings is sufficient to cover our emergency funds, then we start investing into safer investment instruments so that our wealth will continue to accumulate. At the same time, buy sufficient protection so that we do not suddenly lose all our money due to medical expenses or any unforeseen circumstances.

In the volatile forex market, there is no guarantee that profits can come every month. There are too many unforeseen circumstances. Maybe some forex investment professionals could make it profitable for their own investments but if we do not know enough and we are only handing over our hard earned money to others, please think twice.

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