Why are people afraid to invest money online?
By betterdays
@BetterDays4Me (3777)
Philippines
October 30, 2012 11:30pm CST
I can understand why people are afraid to take out some dollars to join some online business or investments for the simple reason that we don't want to be scammed and lose our money in the process. When I joined Profitclicking, I upgraded to level 1 which is about self development and there is a part there where it showed me the importance of courage as an important factor in getting big results in life. There are other things said about courage that gave me enough of it to start investing more online. But I would say it is also very important to be knowledgeable and to invest only in the right investments, or else your courage would be considered stupidity. LOL. I would say I am still on the infancy of investing but I believe I have made my first big step by investing the total amount of $200 in Profitclicking which now reached more than $400 and earning me some good amount of earnings monthly.
How about you, what is your thoughts about investing online and if you have some fears, what are they? Do you think you could try investing online in the future?
1 person likes this
16 responses
@ARIES1973 (11426)
• Legaspi, Philippines
31 Oct 12
Hi betterdays!
I am one of those who are really afraid to invest online because I have a very limited knowledge on how things work on those sites. I am not also very familiar on how to use other payment processor that is why I cannot really enjoy other sites that does not use paypal.
I hope I can get some additional knowledge about this thing.
1 person likes this
@BetterDays4Me (3777)
• Philippines
2 Nov 12
You could apply for a unionbank eon debit card which is the one I'm using now and I attached my debit card to Payza without any problems. Using Payza and Unionbank Eon is so easy because you could add fund to your Payza account anytime using your Unionbank funds with zero interest. You only need to pay P350 a year with Unionbank Eon service. Hope that helps!
@ARIES1973 (11426)
• Legaspi, Philippines
2 Nov 12
Actually, I've tried adding visa and mastercard but I was not able to verify my account. Payza informed me that they are only accepting American visa. Hopefully I could make time for it. I was a member of JBP but I do not know if my account is still active because I did not continue with the site anymore because of that problem.
@tech40 (23128)
• Philippines
1 Nov 12
but still someday, those sites are going to scam,
when people are going to invest, they do much of investigation just to gather information if that HYIP is legit or not, then if they try to invest on one HYIP, their money is always 50/50, 50 SCAM, or 50 PROFIT at this moment, it's too hard to find good HYIP, they're limted, cos some as made to scam people after a month
1 person likes this
@sarlyntenerife (326)
• Philippines
2 Nov 12
Well, I am planning to invest online but for starting a blog. Well, I am afraid to invest money from websites who offer too much. So I prefer to invest money to some hosting sites and build my own blog and own domain to build my own earning income. Perhaps that would be a good thing to me since I love to write. I just need patience, time and hard work for it.
@BetterDays4Me (3777)
• Philippines
2 Nov 12
To be honest, I think that would be a better way to invest but in my case I don't have the talent nor the patience to learn about blogging. Good luck to your endeavor in writing!
Come to think of it, I could have the patience if I just focused on it and I do have some talents in writing, so maybe I would try out blogging one of these days. I would have to put some time and effort on it to make it work for me. For now, I'm enjoying how easier it is to earn money through passive income, making the money work for me. It's just a matter of research, taking calculated risks and knowing when or when not to invest.
@suraj7nov (1736)
• India
4 Nov 12
i also believe in that concept that no pain no gain and we cannot grow without taking risk,but we can take always calculated risk that means always do research before investing
@BetterDays4Me (3777)
• Philippines
5 Nov 12
We have exactly the same line of thinking, suraj7nov. I would never invest in something in my first encounter of that site. It would usually take me a week or two of research before I conclude that the site is worth investing on...or dispatching.
Happy mylotting!
@512771751 (1096)
• China
4 Nov 12
Yes, so do I. I am afraid to invest online. Some days ago, my senior middle school classmate told me he worked in an investing company, and there are some projects suitalbe for me. but I still didn't do anything about that. And I just kept money in my bank account.
@beamer88 (4259)
• Philippines
31 Oct 12
I guess as with any form of investments, be it in the virtual or actual world, the primary concern of people is whether they'll lose their money. This fear makes a lot hesitant to invest, and that fear is doubled if it's online since most online investment sites are relatively new. But like you said, it takes courage as well as being cautious and circumspect when making online investments. I myself am just mustering enough courage to invest some money, and I think I would make a go at it. 
1 person likes this
@dorannmwin (36392)
• United States
2 Nov 12
I honestly am afraid to invest online because of the fact that I'm not educated on this kind of investmenting. I mean I'm not even the kind of person that knows a lot about investing in stocks and bonds either. Therefore when it comes to the investments that our family has, they are all investments that are in targeted retirement funds. These have a fairly decent return amount and also don't require us to be highly educated in order to do it.
1 person likes this
@BetterDays4Me (3777)
• Philippines
2 Nov 12
I also don't know anything about stocks nor bonds as well as retirement bonds. I guess when it comes to investing, people also have their fortes. Some people are into forex trading investment and it seems like a faster way to earn but I can't start it yet because there are so many things to learn and training is needed. At least with the investment I am doing, I have a lot of experience already so I will stick with this for now.
@airasheila (5454)
• Philippines
31 Oct 12
Hello there BetterDays4Me,
Your topic is opportune. Since now a days, people tend to look for more ways on how to earn more. Hence, this is one of the reason why they are somehow afraid to dwell on online businesses. Well, we cannot blame others if they are having their second thoughts in joining online business since there are a lot of scammers around. Sometimes, the least you expected person is the one who will put you on scam. Instead of helping each other going up, they are pulling you down. So as a result, doubts and distrust are more built rather than trust.
However, you are right, courage is one of the best ingredients to start an investment.
@BetterDays4Me (3777)
• Philippines
31 Oct 12
Hi airasheila,
I agree with you all the way. That is why I believe investing online is not for everybody. It's only for those who are willing to take time to study how to invest the safest way possible by researching on what sites are most likely to stay and which are most likely to scam. This can take some great amount of research, several months or years of trial and error and the willingness to lose some but gain more in the end when we have developed a system that could entail the least risk and the best possible gains.
Yes, I would say the world belongs to the brave. Look at the big businessmen, famous celebrities and other types of career which needs a lot of courage. They are the ones who made it the most in terms of financial gain.
@jenny1015 (13366)
• Philippines
31 Oct 12
Investing online could probably a good idea and I have read good reviews about that site as well. Maybe I would try it in the future. I just need to earn more from what i am currently doing so that I could use it for future investments online. I just don't want to make use of other money other than getting it from my online earnings. Thanks for the encouragement!
1 person likes this
@BetterDays4Me (3777)
• Philippines
31 Oct 12
That is actually a very safe and wise idea that could be applied by many. For me, I just decided to find a way to have a faster way to improve my situation so I decided to gamble on some of my earned money from my online work from teaching English online to my Korean friends. If I didn't do that, I imagine myself getting my investment funds from mylot and other free online tasks. No problem, jenny. If ever you decide to go into investment, I do hope you only find those sites that would do well. Good luck!
@doroffee (4222)
• Hungary
31 Oct 12
I wouldn't. I may be a scaredy-cat, but I can always be scammed even by companies that are said to be 100% trustworthy (there are paid fans anywhere and everywhere nowadays), and also, most of these places want me to invest an amount of money I just cannot pay, because it IS needed for me to pay the bills and to buy food etc.
1 person likes this
@BetterDays4Me (3777)
• Philippines
2 Nov 12
Yes, if that is the case you won't risk the money needed for your daily needs. Investments are meant only for the extra money one may have, and it is not good to use the money you need to buy food for the family or pay for the rent.
The important thing about investing is that if you have that extra cash, when you invest it you try to get back your initial investment as fast as possible and then after that you could start profiting. The ideal time for getting back your initial investment would be from 2 months to 4 months, and taking longer than that would be a big gamble already.
Anyway, comparing it to a real business, a real business would usually take more than 6 months before they get back their initial investment so in that area, online investments are better, but the risk in real business offline would be lesser.
@bizness (866)
• United States
2 Nov 12
Online investing is pretty risky mainly because you can't 'physically' touch it, or actually meet with someone first hand, and that makes me a little wary. Something goes wrong all you can do is contact 'customer service' online but that's about it, so I understand why people are a little reluctant.
1 person likes this
@BetterDays4Me (3777)
• Philippines
2 Nov 12
It's so easy to understand how you are feeling because that is exactly how I felt a year ago when I was just contemplating of investing online. Later on, upon having the courage to join the old Justbeenpaid and read about their upgrade lesson about "Courage", somehow things became so different with me that I became bolder in terms of investing online...bolder in a sense that I still choose carefully where to invest and with a lot of research, but when I decide to invest my money after all the calculations and everything, I let it go freely without fear or worry...well, almost without fear or worry :D
@antonywinslet (32)
• India
31 Oct 12
you cannot easily trust online websites, thousands of websites are new every day,
even some good websites which are online since long time turn into scam because of financial losses or website attackers.
and so
If we are scammed in one or two websites we will be afraid to invest any more.
1 person likes this
@walking2010 (1009)
• United States
31 Oct 12
That sounds like a OK, site that you are on as for me it seems that none of my work, that I do work for me no matter how many sites that I join, it seems never to work, and some online places do take your money, and they are not legit, so now I go to the BBB site just to see if they are ok, or whatever. But thanks for that info I will have to look into it.
1 person likes this
@AgentGulaman (3546)
• Philippines
20 Jan 13
Well, as for me, the uncertainty and lack of online regulations can keep people away from investing in online programs. I am not afraid to invest as I am doing it on a regular basis. However, I invest on means that risks are minimized. That is why I only invest in banks, stock market and other regulated investment instruments. I still feel that the online investment programs available are not regulated, hence, contains a certain risk I think I can't tolerate. So I am choosing not to invest in such and just invested in those investments that I do have calculated risks instead. I would rather put my money in other options rather than online investments. So for me, I don't invest in online investment programs because I have an option or better alternative to where I will be bringing and investing my money instead.
@BetterDays4Me (3777)
• Philippines
20 Mar 13
I understand what you mean about the risks involved in investing online, and that is why it is a career that is not for everyone. I myself have studied a lot about investing and tried several sites and I would say I still make mistakes on what sites to invest on. I'm glad though that overall, I'm still in profits :)
