Thread: Investment schemes

Ponzi comes to mind and I'm imaging an Asian Madoff.

Does have a Nigerian flavour the more I look.

If you want to double your money here's my advice. Fold it in half and put it in your pocket.

Regards
Andrew

I think I had an email from his brother in Nigeria, and a call from his sister at Microsoft. Both were very helpful.
His sister was able to find and fix many things that were wrong with my computer and only charged me $200.
I'm currently waiting on the brother to put the money in my account.

Sounds like you are onto a winner with the Taiwan stock exchange. I'm sure it will work out well..

Steve

Originally Posted by steveG

His sister was able to find and fix many things that were wrong with my computer and only charged me $200.

Mate you got ripped off.
We keep getting Telstra people ringing to tell us there's a virus on our internet connected PC!
Hows that for customer service, we don't even own a PC!
And people say todays tech support isn't ontop of the game

Hi Jojo, let me tell you about my intelligent good friend who got a phone call from London regarding a gold exchange scheme or something like that.
He spoke to the "manager" for many months and also received documents about the company from England .
Invested $40,000 . Never heard from them again, phone went dead.
Lost the lot!!!

Get my point?

Cheers, Peter.

rock up to your local centrelink office and every bloke thats rocks up in a suite ask him which investment group he was in

Don't you have to choose investments when you put your money in the bank overt here?, where as here you can leave it in the bank and get interest.

Originally Posted by Jojo

How do those schemes work? Where is the catch?

These schemes work by taking all the money you invest. What's the catch? There is no catch, you lose all your money, they get all your money - its that simple.

If you want to invest anywhere other than leaving your money in the bank, then you would need to educate yourself, get lots of advice from several sources then make your own decisions.

The rip off stories you hear about, are of people that blindly trust what they hear from one source and put all their eggs in that basket hoping to get rich quick. If it sounds too good to be true, it is!!

My brother invests in shares using this service:

Australian Share and Gold Market Trading Signals | Market Timing - Australia's Own Share and Gold Market Timing Service

and choosing a suitable managed share fund like the Colonial Fist State Wholesale Indexed Australian share fund, matched to the ASX200.

This takes a lot of the risk out of investing in shares and smooths out the big falls - you don't need to research companies at all, you dot try to 'pick winners' and the market timing service tells you when to buy and sell.

Cheers
Simon