Wouldn’t it be great if your investment gave you such returns as seen in this chart? Consistent and impressive indeed.
This was one of Madoff’s funds which gave abnormally consistent returns for almost two decades before crumbling spectacularly and revealed as an elaborate Ponzi scheme in 2008.
While everyone knows of the adage of something being too good to be true, many people are still seemingly caught up in dubious “investments” that promise quick, high and guaranteed returns. While Madoff’s investment scandal may be a bit far from home, Singapore does have its fair share of such schemes, with Sunshine Empire happening not too long ago. Still, it appears to me that there are people who continue to be lured by such dazzling returns.
Most recently, I have spoken with someone I know who is vested in a scheme that offers some 2% per month return, which is more than ......