Recently, Facebook pushed one of the following advertisement to me, an investment offering 9% interest over 1 year period. As a financial blogger, I took a deeper look and decided that I should do a quick review.
The investment is offering 0.75% interest each month for 12 months. The total interest is 9% for a year. The interest will be paid monthly and the capital will be repaid at the end of 12 months. The investment is backed by the company itself and is looking at pooling $10 million worth of investment fund. The minimum amount to invest is $20,000.
This is not their first offering. Their first offering is even higher at 12% for 1 year in November.
From their website, you can tell that they are trying too hard to portray an image of high net worth investment company.