Ponzi Schemes: Schemes of Doubling Investments every month
Recently one of my friend who is working in reputed IT Company in Mumbai told me that, “I have an amazing Investment Opportunity.”
According to him, one of his new friend told him that he knew a builder who collects money from large number of investors and after that he invests that money into the stock market. And the return is 100% per month. It means that, they will double your money every month. It is 1200% return per annum.
I asked my friend that a stock market is giving just 15-20% return per year in a long run and that is not guaranteed. Than how anyone can generate GUARANTEED 1200% return per annum from the same stock market?
How anyone can claim such a high guaranteed return? If Indian Businesses themselves are not growing at this much rate than how anyone can make this much amount of money?
Honestly speaking, these are Ponzi Schemes and nothing else. Ponzi scheme is an entirely illegal scheme in which the money from new investors are given to the old investors as a profit. And this scheme floats until more new investors stop investing in it.
The scheme is named after the famous fraudster of USA, Charles Ponzi in 1920. Do you also receive these types of lucrative offers? Than BEWARE….!!!! These offers may be Ponzi Schemes.
In real world, these types of returns never ever exist. So Control your GREED & take wise decision when it comes to investing….!!!!
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