Read on Twitter
“XYZ Forex company is guaranteeing me 10% or 15% or 20% returns every month to invest”
“ABC E-commerce site is offering me 10%-20% profit every month to buy goods on their platform and they sell it for me”
Should I invest? Here’s the answer to your question in this thread:
“ABC E-commerce site is offering me 10%-20% profit every month to buy goods on their platform and they sell it for me”
Should I invest? Here’s the answer to your question in this thread:
In this thread, I’m not only going to tell you the answer, but I’ll take you on a journey on how you can choose & evaluate investments to come up with the conclusion on your own.
The first thing you need to do before investing in any business is ask yourself: “do I understand
The first thing you need to do before investing in any business is ask yourself: “do I understand
this business?” For Forex, do you understand how Forex works? Do you understand the risks involved?
I’ve explained how Forex works in very simple terms in this thread
For the E-commerce site, do you understand how the business works? Why does the business need you to buy goods https://twitter.com/je_dna/status/1255791284922585088
I’ve explained how Forex works in very simple terms in this thread
For the E-commerce site, do you understand how the business works? Why does the business need you to buy goods https://twitter.com/je_dna/status/1255791284922585088
from them and then they’ll sell the goods for you? Does that make sense as a business model? Why can’t the business just sell their goods and take all the profits for themselves?
If the issue is capital, why can’t they buy on credit & pay their suppliers in 1 month if they can
If the issue is capital, why can’t they buy on credit & pay their suppliers in 1 month if they can
“guarantee” you returns in 1 month? Why do they need your money? Is this a red flag?
There are also some “investment houses” that claim they invest in a variety of investments like Agriculture, Gold, SMEs, FMCG, Foreign Exchange.
I have a few problems and questions about these
There are also some “investment houses” that claim they invest in a variety of investments like Agriculture, Gold, SMEs, FMCG, Foreign Exchange.
I have a few problems and questions about these
kinds of “investment houses”.
When an “investment house” cannot point you to the investments they are making, that’s a cause for concern. Why can’t they tell you exactly where your money is going? Investments that claim to be too complex or too “diversified” to understand are
When an “investment house” cannot point you to the investments they are making, that’s a cause for concern. Why can’t they tell you exactly where your money is going? Investments that claim to be too complex or too “diversified” to understand are
typically a big no-no.
If you ask around, there are many “investment houses” that claimed to offer investments like these but they are nowhere to be found today. Google “Micheno”
Remember, you MUST understand where your money is going, how is it going to be invested, how is
If you ask around, there are many “investment houses” that claimed to offer investments like these but they are nowhere to be found today. Google “Micheno”
Remember, you MUST understand where your money is going, how is it going to be invested, how is
it making profit for them to pay you returns. If you can’t answer these questions easily, then you should avoid them or do more research
How can they “guarantee” your returns? If you’ve read the thread about Forex, you’d know that the risk involved in trading Forex is very high.
How can they “guarantee” your returns? If you’ve read the thread about Forex, you’d know that the risk involved in trading Forex is very high.
Even the professionals STILL lose money on some days. If that is the case, how are they guaranteeing your money?
Even the investments with the lowest risk like government bonds & treasury bills do not “guarantee” returns because anything can happen and they can default or reduce
Even the investments with the lowest risk like government bonds & treasury bills do not “guarantee” returns because anything can happen and they can default or reduce
interest rates. So why and HOW can this investment with very high RISK guarantee you this return?
Oh but you know people who have invested with them and they’ve “cashed out”.
Remember: people cashed out on MMM & ultimate cycler. Did that stop them from crashing?
Oh but you know people who have invested with them and they’ve “cashed out”.
Remember: people cashed out on MMM & ultimate cycler. Did that stop them from crashing?
The fact that people cashed out on an investment does not mean it’s legitimate. In fact, the question of whether people have cashed out should NEVER be part of the questions that help you decide if you invest in something.
Any investment can pay people in the short run.
Any investment can pay people in the short run.
Ponzi schemes have done it in the past. That’s how they attract customers. Ask yourself more detailed hard-hitting questions that I’ve discussed in the thread. Here’s a quick checklist to help you decide. https://twitter.com/je_dna/status/1260212430447263744
But if you’re someone that doesn’t mind the risk, you just want to try your luck & make some money, just don’t invest what you can’t afford to lose.
PS: you shouldn’t do this. Wealth is a long term game. You shouldn’t be in a hurry to “blow”. That’s the fastest way to lose money
PS: you shouldn’t do this. Wealth is a long term game. You shouldn’t be in a hurry to “blow”. That’s the fastest way to lose money
Conclusion
Does this mean they are scams? Maybe not. That’s up to you to decide. Would I invest my money there? NO
But I’m not you & you shouldn’t outsource your thinking to anybody. Based on the questions I’ve asked, what do you think? Should you take the risk? Is it worth it?
Does this mean they are scams? Maybe not. That’s up to you to decide. Would I invest my money there? NO
But I’m not you & you shouldn’t outsource your thinking to anybody. Based on the questions I’ve asked, what do you think? Should you take the risk? Is it worth it?
