A conversation with a reader on a type of investment that I am usually wary about:
Hi AK,
I am looking for financial freedom but having little investing knowledge. I have a little situation...
About few months ago, I chance upon a company callXXX that was into Aquaculture business in a investing seminar. I was hooked by their business model in the way the speaker was presented as it was easy and simple to understand. They farm mud crabs and fishes and sell to local market. Investors that throws in the money get back their profits, very simple.
They offered me 8% of guaranteed returns on the every 8th month if I were to invest SGD $2500 with them. The investment will end on 24th month. Having no basic knowledge of investing, I agreed and invested my money with them.
8 months has past, I received a call from the company ......
