The Director General of the Securities and Exchange Commission, Rev. Daniel Ogbarmey Tetteh has exhorted people who have the get-wealthy-fast attitude to be careful of Ponzi plans and ventures which guarantee tall returns with little hazard.
“Anytime anybody tells you that this return is tall, beyond any doubt financier, moo chance, it’s likely to be a scam. Fair search for the exit and run as quick as you'll be able to.”
Agreeing to him, there's so much hazard in chasing tall returns without understanding the tradeoff between dangers and returns when it comes to contributing in money related assets.
“There’s this culture or hone of individuals continuously inquiring, what is the most excellent speculation? Which one gives me the most noteworthy returns? Anytime there’s tall return, it too implies that there's tall hazard. Anytime anybody proposes an speculation arrangement and they say that the hazard is moo but the return is tall, if you don't mind seek for the exit entryway and run as quick as you can.
Mr Ogbarmey Tetteh exhorted individuals who are darlings of tall returns not to lose locate of the truth that it seem go with a few tall chance.
“And when things wear’t go well, at that point they start trying to find an road to resolve their issues or somebody to fault. It’s imperative that you simply get it that there’s a tradeoff between chance and return.”
Edifying intense audience members of the appear on how to be fiscally autonomous, Mr Ogbarmey Tetteh said individuals ought to survey their hazard resilience levels some time recently making any speculation.
“Shockingly, what numerous individuals do may be a botch. They fair inquire, what is the most noteworthy return I can get? And after that they go without understanding that there's that a tradeoff. Chance must be compensated for. On the off chance that you’re not taking a part of dangers, at that point you wear’t truly have to be compelled to be compensated. Anytime there's tall stipend, there’s tall return, they may not be express approximately it but there's a part of dangers,” he stressed.
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