A friend offer me a investment opportunity at 15% annually, is it too good to be true ? (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by hahattpro@lemmy.world to c/asklemmy@lemmy.world

38 comments fedilink hide all child comments

He was my coworker. I know him at work for years. It is unlikely he take money and run away.

He ask me a loan to scale up his business, promised to pay 15% annually.

His work is in manufactures industry, maybe B2B. He said he his business don't depend on number of customer available. I don't know. I am a salary man. I know nothing about business and investment.

I haven't ask him into the detail yet. I know nothing about this type of business. He seem confident, but I feel the 15% is so unlikely that will come with (hidden) risk. Maybe my friend is also a victim of another scam, or he just overconfident.

People of Lemmy, I ask you, those who are investor and business owner: is >= 15% annually ROI possible ?

you are viewing a single comment's thread
view the rest of the comments

[-] bjoern_tantau@swg-empire.de 32 points 1 year ago

Get it in writing.

But yeah, it's sketchy as fuck. If he could guarantee that ROI he could just go to a bank.

If you can afford to lose the money and maybe tolerate a lengthy trial go for it. Personally I couldn't.

[-] hahattpro@lemmy.world 13 points 1 year ago

The reason he can't go to the bank because he have take enough loan and can't take anymore. He said I can make money by apply for loan against property, and loan to him and pocket the different.

It seem that he want to take more loan than the bank want to give him.

Yeah it seem risky as fuck. So i am asking.

[-] Junkers_Klunker@lemmy.world 36 points 1 year ago

That sounds sketchy af. I would run, FAR ...

load more comments (7 replies)

this post was submitted on 01 Nov 2023

36 points (86.0% liked)

Ask Lemmy

26858 readers

424 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion@lemmy.world

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.

Reminder: The terms of service apply here too.