If one were to sum up all the news stories over the past 6 weeks about personal finance, there would just be one underlying lesson.  If the offer sounds too good to be true, the offer most likely isn't true at all. 

The past 6 weeks showed that the national dailies were riddled with stories about how hundreds (if not thousands) of people got duped into get-rich-quick scams ranging from web-based Ponzi schemes to direct investments into companies which didn't have the track record in terms of fund management.

Then there were also others who made cold calls in trying to get you to invest their money in online foreign currency trading.  Last Saturday, while watching XXX on ABS-CBN, XXX supposedly "exposed" another scam located right in the heart of the Makati Business District.  I have mixed ideas about whether the operation in a reputable office tower in Makati was actually a scam.  After all, online foreign currency trading has been carried out as normal trade over the past couple of years.

I told my wife that someone had approached me a few weeks back getting me to "invest" in the online foreign currency exchange scheme.  From the very start, it was a no-go.  I didn't want to go through the hassle of having to check the news every now and then in order to anticipate any trend which may pose a risk or opportunity to the currencies being traded.

I could only smile as I watched the expose.

Moral of the story.  Never let greed get ahead of your investment.  Again, if the offer sounds too good to be true, the offer most likely isn't true at all.