There is nothing wrong with this investment. It is a user friendly form of hard-money lending. They lend at 15%-20% to people who have collateral worth 125% of the loan and pay the investor 12%. I did this for one year with a firm located in the US. It was scary at first, but it turned out well. Maybe I was playing roulette and didn't know it.
I thought I would give this a try. I invested 5000.00 USD. The interest is paid in USD and there is no Peso exchange. It has nothing to do with the Peso or the value thereof. I received every bit of my money back plus the 12% interest for the 90 day CD. When you wire the money, just be sure to send it in USD not Pesos. I will invest in another CD with Capital Bank Mexico with more money and for a longer term. A foreign account is always a bit frightening, but this is for real.
JV
It's interesting they couldn't get the company name in the URL. High interest rates in foreign bank accounts are not unusual ...but in US$s? It sounds feasible, but not exactly a traditional banking model and the saying that springs to mind is "Only fools go where angles fear to tread". The blurb on currency is incomprehensible. I wonder what debt enforcement methods they apply :) Nicely put together site though.
Submitted by patientrenter on May 25, 2009 - 11:18am.
NeetaT wrote:
There is nothing wrong with this investment. It is a user friendly form of hard-money lending. They lend at 15%-20% to people who have collateral worth 125% of the loan and pay the investor 12%. I did this for one year with a firm located in the US. It was scary at first, but it turned out well. Maybe I was playing roulette and didn't know it.
NeetaT, you scare me. You are risk-averse, but do things like this. It seems you are only comfortable taking high levels of risk when:
1. The promised rewards are high - high enough that common sense tells us there has to be high risk
2. The actual risks are concealed from you
I sure hope you don't end up losing most of your money one day.
There is nothing wrong with this investment. It is a user friendly form of hard-money lending. They lend at 15%-20% to people who have collateral worth 125% of the loan and pay the investor 12%. I did this for one year with a firm located in the US. It was scary at first, but it turned out well. Maybe I was playing roulette and didn't know it.
NeetaT, you scare me. You are risk-averse, but do things like this. It seems you are only comfortable taking high levels of risk when:
1. The promised rewards are high - high enough that common sense tells us there has to be high risk
2. The actual risks are concealed from you
I sure hope you don't end up losing most of your money one day.
The trick here is use of the Certificate of Deposit moniker for the security because people will automatically view it as an alternative to a US CD. While it is technically a CD, it's really just a short-term investment in the junkiest of foreign junk bonds. Sure, you might actually get paid back - I don't think this company is a scam or pyramid scheme in the traditional sense. But the borrowers they are funding are extremely high risk and there's probably a very small margin of error in the portfolio. The important thing is not to think of this as a CD, but rather an equity-like debt instrument in a developing country, with a return that may or may not reflect its true risk. Personally, I wouldn't touch this thing with a ten foot pole.
Can someone help me out? I have to help a prince out in africa. He said I could keep 1/2 the money if I just help him by sending an african bank some money to free up the larger amount of money. He swears he will even knight me! Though, I would put in a good word for you as well!!
Fake "bank" scam.
Don't even bother posting junk like that.
Don't even think about it.
You need to understand that the peso is taking a beating. It's gone from 12 to 14 pesos to the USD in a couple of months.
There is nothing wrong with this investment. It is a user friendly form of hard-money lending. They lend at 15%-20% to people who have collateral worth 125% of the loan and pay the investor 12%. I did this for one year with a firm located in the US. It was scary at first, but it turned out well. Maybe I was playing roulette and didn't know it.
:rofl:
I thought I would give this a try. I invested 5000.00 USD. The interest is paid in USD and there is no Peso exchange. It has nothing to do with the Peso or the value thereof. I received every bit of my money back plus the 12% interest for the 90 day CD. When you wire the money, just be sure to send it in USD not Pesos. I will invest in another CD with Capital Bank Mexico with more money and for a longer term. A foreign account is always a bit frightening, but this is for real.
JV
lol! Nice try.
It's a Madoff scam.
12% magically....
It's interesting they couldn't get the company name in the URL. High interest rates in foreign bank accounts are not unusual ...but in US$s? It sounds feasible, but not exactly a traditional banking model and the saying that springs to mind is "Only fools go where angles fear to tread". The blurb on currency is incomprehensible. I wonder what debt enforcement methods they apply :) Nicely put together site though.
It's too good to be true...
NeetaT, you scare me. You are risk-averse, but do things like this. It seems you are only comfortable taking high levels of risk when:
1. The promised rewards are high - high enough that common sense tells us there has to be high risk
2. The actual risks are concealed from you
I sure hope you don't end up losing most of your money one day.
NeetaT, you scare me. You are risk-averse, but do things like this. It seems you are only comfortable taking high levels of risk when:
1. The promised rewards are high - high enough that common sense tells us there has to be high risk
2. The actual risks are concealed from you
I sure hope you don't end up losing most of your money one day.
The trick here is use of the Certificate of Deposit moniker for the security because people will automatically view it as an alternative to a US CD. While it is technically a CD, it's really just a short-term investment in the junkiest of foreign junk bonds. Sure, you might actually get paid back - I don't think this company is a scam or pyramid scheme in the traditional sense. But the borrowers they are funding are extremely high risk and there's probably a very small margin of error in the portfolio. The important thing is not to think of this as a CD, but rather an equity-like debt instrument in a developing country, with a return that may or may not reflect its true risk. Personally, I wouldn't touch this thing with a ten foot pole.
Can someone help me out? I have to help a prince out in africa. He said I could keep 1/2 the money if I just help him by sending an african bank some money to free up the larger amount of money. He swears he will even knight me! Though, I would put in a good word for you as well!!