A Scam Or Good Investment
June 11, 2007 1:08pm CST
I mylotter I am planing making an investment online to a swiss cash mutual fund it said that they have been around since 1948 would like to know if you have ever heard about them it said they give 25% per month and the minimum is $100us please tell me if you know of them as a good investment or not thanks you
1 person likes this
11 Jun 07
Let's put it this way. The New York stock exhange is a place where huge numbers of people invest. If they get a return of 20% in one year, that is extremely good. Now this cpmpany you are considering claims that they pay a return of 300% per year. This is absolutely impossible through any legal means. This means the company is most likely a ponzi or pyramid scheme. Sometimes they make short term profits, more often they don't. Invest only if you don't care whether you ever see that 100 dollars again. They most certainly have not been around since 1948.
11 Jun 07
I am allways suspicious when an online site wants ammounts bigger then 20-40 dollars. They can say everything! But just imagine if today 5 people send them 100 dollars -they have 500 dollars daily. And if they dont return your investition -you can do nothing then to moan. This is no real firm with legal status, just online site.