“Don’t make investment decisions when you are desperate or need money fast. It is the wrong time to do this. Because you are emotionally not stable and can’t think rationally. And this is where mistakes are made and a person loses more money this way, ” MyFP’s founder Robert Foo (pic) said.
BEING able to manipulate a victim’s emotions and psychology appears to be the common factor among investment scams or Ponzi schemes.
They are usually able to capitalise on the fear of losing out or a person’s insecurity especially during times when the economy’s outlook is uncertain.
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