Last month, I received an email from FarmOn saying
that my investment has already yielded!
Yey!
Investing your savings thru crowdfunding platform
like FarmOn is one of a good way in my opinion to increase your money.
I choose FarmOn because I am an avid reader of
Savings Pinay who does invest with FarmOn too.
That gives me a relief that this crowdfunding
company is legit and my money will not run-off.
I did some research as well on my part and
validated all the information I read about FarmOn.
That is one tip I got for you too, is to make
your own research, so our hard-earned money won’t fly out to the window just
like what we have seen in the recent news about scams hiding as investing
platforms especially this crowdfunding business model.
On researching in a company is Legit try to find these facts before
investing;
1.
Make sure that the company is not blacklisted
from SEC (Security and Exchange Commission )
2.
Offering huge guaranteed amount of gains for a short period of time is a
big NO for me.
With the number two bullet, that is the easiest
way to spot an investment scam, because in any business, giving away guaranteed
gains, for 30%, in a span of three months, that sounds so good to be true for, if that is the case you need to start running away.
Another assurance I got from FarmOn is that
they were featured on Philippine Television so I am quite convinced that this
company will not be like a fly by night business.
How to Join in FarmOn?
My personal experience with FarmOn
I initially invest in FarmOn way back June 2018
on one plot of rice.
The usual time-frame for the rice to yield should
only be 6 months however my crops were devastated by a typhoon so I waited a bit
longer than 6 months.
One great thing about FarmOn is that when natural
calamity comes like a typhoon on your crops, your investment is insured.
That means that they will replant your crops
with no added cost.
That’s what happened with my rice and I waited
a year to finally get gains.
But that’s ok, I received a two-digit percentage
gains from FarmOn and I am so happy.
Personally, I thought that if I gain 500 pesos
from my 7,500 investment, that’s the best gains I could expect from them but it turned
out that my gains is more than 500 and I am so happy about it.
In their website, FarmOn do not give the exact amount of gains to receive for specific crops so I decided not to give the exact amount here in my blog as well.
Because the gains might be different from time
to time depending on how well the business turned out.
Final Thoughts
Growing your savings thru business or
investment is the best idea you could have instead of letting your money sit-in
the bank.
FarmOn is one good choice, but you have to
remember that your money is locked into this investment for a certain period of
time. Pulling out your investment early will cost penalties.
The key here is to find the best platform that
fits best to your financial needs.
If you don’t need your savings for a year then invest it.
If FarmOn sounds great for you then go ahead
and try it out. I am one of the proof that it is legit and I will continue to
grow a part of my money here.
My plan is to try out a 3-month yielding crops
like watermelon this time.
That is it for now.
Thanks for reading all the way!
Paano Palaguin ang Savings w FarmOn
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