First and Trial Investment in FarmON

Investment opportunity arises during this time of the year

15th November payroll is usually that time when employees receive their 13th month bonus. This is why, people are usually rich during this time of the year. Sadly, some of these people are only rich for a short period of time due to bills, debts, and impulse buying. The first two are quite unavoidable (bills and debts) – especially for those who have responsibility-expenditures (mortgagae payments, car loans, educational loan, etc…)

However, for those are planning on impulse buying, why not invest and let that money grow more.

Investment VS Liabilityy

What is liability? Liability items are considered as those that loses its value over time. To make it worse, aside from value, some of these items loses a portion of its functionality, becomes outdated, and can become a candidate for problem points.

Personally, yours truly define investment as spending some extra money in carefully calculated risks with the chance of growing the money. This basically means, putting extra money that I can afford to lose in the hopes that it will earn interest.

Money I can afford to lose?!

Don’t get me wrong, I am not saying that I am rich. It’s just that, instead of buying non-essential items like a new cellphone, eating fancy foods, or putting new additions to my collection – I would rather have those funds invested.

Investing in FarmON

 FarmON logo as seen on FarmOn.ph

I first heard of FarmON from online buddy Shaneyney. I was actually first researching about Cropital when she mentioned FarmON. Out of curiosity, I visited the site and it looks promising – easy to follow arrangements, pleasing lay-out, products that makes sense, etc…

Besides that, it just so happens that some of my team members have also invested on it. Online feedback is also quite good.

Things to know about FarmON

As much as I want to put as many information on this post, FarmON's official site already lists all the basic info one will need and wishes to know. That being said, I'll only be putting the important ones worth mentioning and if you feel the urge to know something, feel free to inquire about it in the comment section.

Anyway, let us begin with some backstory: created in 2014, FarmON claims itself to be an early adopter of combining the advantages of modern technology with a traditional industry -- in this case farming.

In terms of how this concept work, research shows it is more like a crowdsourcing community where funds are pooled from willing contributors. The money from these investors are put into use by farmers as capital for their farming needs.

The FarmON concept works since farmers actually needs the capital for a successful harvest. Before farmers have to come up with a huge upfront for seeds, manpower, equipment etc... The extent of what they can do can only go so far with how much upfront they have.

The way FarmON works, contributors' money are put into good use. Once the crops are ready for harvest, outputs are sold and the money made are then distributed.

Tell me more about Profit

Admit it, you are probably here because of the money -- the PROFIT to be made when you invest. Don't worry, you are not alone.

Just like many other things, the ones who invested first are the also the first to receive the profit. As FarmON puts it: "First Pay, First Out basis"

As for the money to be made, that thing called ROI (Return of Investment), it all depends on the cycle's output factors. Basically, this include how much has been produced (quantity), quality, and market price when the harvest has been sold.

Since this is my first time to invest, I am yet to update this post on how much I will be making. But from some first hand sources, the most that one made is 36% interest -- with the lowest one being 12%

With regard to waiting time, the cycle duration is indicated once you pick a product. For my chosen 17.5k investment, it is at least six months.

How much are you willing to risk? Is it a SCAM?

As mentioned in the preceding portions, since it is 13th month pay season, I have some extra money to spare. Besides, I have done my fair share of reading assignment and all signs point to saying that It Is Not A SCAM!

As you may already know, I am quite allergic and have tingly sense when it comes to Scam sites (please read Tips to Avoid Online Work Scam). That should tell you that I am not one to easily fall prey to being duped.

Besides it various positive feedbacks, there is also a contract. I won't be stating that full contents since it is quite lenghty, but basically, it states there that in case of worst case scenarios (like super typhoons affecting harvest time), profits will still arrive but at a much later time.

Time to Invest

Factoring all the considerations above, have decided to invest 17.5K pesos for two products. Investment time will start with the cycle date and would run for at least six months (hopefully sooner)

Anyway, will update this post once new data or info becomes available.

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