Couple of my friends lost around 15 lakhs (combined) in speakasia thing.
They have vowed never to invest in such schemes again. Also always look at the fundamentals. A legitimate business can only pay you if it earns money in the first place.
A ponzi scheme always depends on new members money to pay old members. Once that money stops the whole scheme falls.
Couple of my friends lost around 15 lakhs (combined) in speakasia thing.
They have vowed never to invest in such schemes again. Also always look at the fundamentals. A legitimate business can only pay you if it earns money in the first place.
A ponzi scheme always depends on new members money to pay old members. Once that money stops the whole scheme falls.
Nice explanation of the fact. I guess ponzi scheme is is made for the money market investors.
I am not interested in such scheme. Guaranteed return may be less but no tension. Ponzi scheme has some risk to get back your original principle.
You may be cheated even when small return is offered. It is necessary to see where from returns will be paid to you. It is better to invest in banks, post office or with well known listed profit making companies.
Yes many a times my father has suggested me this idea. He is against investments in shares or any bond. Presently I am investing my money in banks and getting good interests. This is better option. MIS is also good investment scheme.
