What should I do ?

India
March 12, 2010 8:16am CST
Hi friends, I want your view on one investment plan which one of my friend referred me yesterday, He told me about a plan in which I have to invest Rs. 10500/- (approx. $210) once and in the return of that I will get 3000% back in a short period of 12 months, but I am not believing him, how is it possible so my question "is there any way to invest money in the world by which we will 3000% returns in a short period" whay you say ? should I believe my friend or not. ?
3 responses
@benny128 (3615)
12 Mar 10
and the moon is going to turn red and drop out of the sky ask him for proof that he has made the 3000% back if he cannot give it then walk away
• India
12 Mar 10
Thanks for reply, but he shown me his earning proofs of first four month and the sum of that is near about Rs. 15000/- (around $300).
@benny128 (3615)
12 Mar 10
well wait till he has done it for a year though if you wanna risk your money then go for it if you can afford to loose it then theres no reason not too. depends how much you need the money and if you are willing to take the risk.
• United States
12 Mar 10
I wouldn't touch that with the proverbial "ten foot pole". Unfortunately some will and that's what sites like that count on....
• India
12 Mar 10
High return and high risk investment.This I got to respond because to share my information which may be useful to many viewers of Mylotters and others who view Mylot. This high return is very much impossible. Take money from one person and keep something and return to other person. It is a chain reaction and if the chain breaks then the return will not be available. All the check issued will get bounced. And the late comers will be penalized. Some may get benefited. That some person may be the relatives and friends of the Company, who spread the news about the company and their high return on investment in the air without any responsibility on their part.And they may show the proof of return on their investment. Also if the company invest in shares, there also, the Company may not get the high return to meet out financial commitment to their Investors because of fluctuation in the Share market because of various factors. For some days they run the Company and on getting their required amount they close the company and run away to unknown place. Even if they are caught, the settlement will be very minimum to the Investors. Let us not be greedy to invest on this companies. Investment in share market also is risky for short term players but will be rewarded for the long term Investors.Investment in Shares helps the Company to grow with out the worry of repayment of loans and advances and also creates lot of employment opportunities to many.