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Common money frauds to know amid the COVID-19 pandemic

endIndex: Metro Manila (CNN Philippines) The pandemic has added another opportunity for fraudsters. Exploiting our human nature to help those in need, as well as our hopes to augment our income, scammers do not take a break in targeting vulnerable victims. Charity fraud in-game streaming The rise of video game streaming in the last several years has opened up a new avenue for philanthropy for victims of volcanic eruption, earthquakes, typhoons, and pandemic-related job losses in the country. But due to a lack of guidelines on these streaming platforms, fraudsters are now using charity-related tactics and schemes to trick you into giving digital currencies or cash.

DOLE warns public vs FB pages promising cash, jobs

What are safe and important investments for your family during this time?

Published December 29, 2020, 8:00 AM The pandemic has caused seismic shifts in the economy, forcing people to take a closer look at their financial well-being and goals for the future. Whether you’re preparing for your children’s college tuition or making sure that your family is amply covered in case of health emergencies, the current crisis should not derail your financial planning for the long-term. If you have additional savings on top of a healthy emergency fund, investing is an excellent next step to achieve your family’s financial goals. Here are some safe investment options that you can explore.  Retail Treasury Bonds and Premyo Bonds

Stop seeing ads endorsing fake cryptocurrency schemes

Published December 20, 2020, 10:52 AM COVID-19 has been challenging for many Filipino families. It is understandable, then, that many of us search for ways to augment or replace our income. Unfortunately, scammers have no qualms about preying on unsuspecting Filipinos even during these difficult times. In fact, during times of crisis, we may be more prone to making careless financial decisions. The best investments, of course, are those that we understand. Investing our money, especially in supposedly high-reward opportunities, should only follow after deep understanding of the assets involved. There is no way to get rich easily with investments. After all, if extremely high rates of return were possible within a short span of time, why would some people want your money instead of just investing their own?

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