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3 tips to consider before buying into a ‘profitable’ deal

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You should never make any investment based on future promises because such statements are mere empty words.

An investment should never be made based on future promises because such statements are mere empty words.

PHOTO ILLUSTRATION: UNSPLASH

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SINGAPORE - If someone advises you to put money in a deal because it will return you a pile of cash every year, ensure such terms are stated clearly in the contract.

As much as you would like to trust an adviser, verbal promises count for little if you decide to make a claim after losing a bundle, and you will only add legal fees to your tally of losses.

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