Saving schemes too good to be true?
 

I've just been browsing(or is it surfing?)the net for financial products;off shore,tax wrappers,bonds etc.. Anyway, this one came up offering a staggering 20% guarranteed interest!!? Can't be true can it? I won't mention the firm because the moderators wouldn't allow it-I don't think,the worse of it is,I'm tempted to have a dabble.Their bussiness is house purchase for well under market rates.Does anyone have any experiences with this type of thing?

Re: Saving schemes too good to be true?
 

Similar to the "money-doublers" of West Africa and the Middle East. They ask you to show up at midnight at a graveyard with a suitcase full of cash which the Djinn will magically double for you. What do you suppose happens then ?

Re: Saving schemes too good to be true?
 

As they say, "If it seems to be too good to be true.....................

Re: Saving schemes too good to be true?
 

Sounds pretty iffy - why not check it with these guys.

http://www.fsa.gov.uk/scams

Re: Saving schemes too good to be true?
 

Well.....It is lunchtime.

So maybe there is such a thing as a free lunch?

Re: Saving schemes too good to be true?
 

I think you have to think seriously about it
being one of these

a gift horse
a free lunch
a pig in a poke
buying a pup

better still get in touch with Bernard Madoff - currently incarcerated at Butner Federal Correctional Institution (sri don't have the number) - he will be the ideal person to smell a rat

good luck in your endeavours - I know a bar for sale if you are interested in losing some money

:sneaky:

Re: Saving schemes too good to be true?
 

To sum up, the chances of that guarantee being even worth the paper it's printed on, are about as slim as Accrington Stanley's chances of winning the Champions League.

Re: Saving schemes too good to be true?
 

whose he ??
bet he wanted to kill his parents when he was a kid
:rofl:

Re: Saving schemes too good to be true?
 

Or Action Man getting a hard on ?

Re: Saving schemes too good to be true?
 

If I might make a ight-hearted suggestion.
Take the money you were thinking of "investing" and throw it in the fire. The result will be just the same, but at least this way you'll get a little benefit of some warmth - and the uncertainty will be over quicker ;)

If I ever devised a way to make 20% on an investment, when UK banks are paying 2%, tops, I wouldn't go telling anyone else about it.

Re: Saving schemes too good to be true?
 

a few years ago there were people offering high returns on UK properties in the NE of England. The prices they felt they could get them at were below the auction prices at the time.
since then the prices have dropped.!

if you are prepared to buy any property in the UK (for example) then eventually its value will increase - just depends on how long you are prepared to wait for that 20%

know that houses are rock bottom in Detroit - people can't give them away, but do you REALLY want to waste money
:eek:

Re: Saving schemes too good to be true?
 

Maybe Norman is fairly new to the cyberworld ? :unsure:

You need to be a little more patient Norman and in no time at all there will be once in a lifetime investment opportunities and fabulous offers coming in from Nigeria which will knock that 20% into a cocked hat. :thumbup:

Re: Saving schemes too good to be true?
 

I take your point DD,if it were that good they would keep it to themselves;by the way,who is that tasty woman on your signature picture?Also Domino,you are spot on,that's what the guys offering the 20% are into.

Re: Saving schemes too good to be true?
 

That's what they used to say in Japan. Japanese property hasnt increased in price in 25 years!