It seems almost too good to be true. A 500% return in 5 months. It strikes me as one of three things:
1 - He is an extremely generous friend
2 - There was a misunderstanding of the actual numbers
3 - Something is not legitimate
How well do you know your friend? Have you known them for a long time? Does your friend have extensive experience in this arena?
This could be the possibility of a lifetime or a quick way of burning through $20,000.
Make sure you understand all of the numbers and your risk. This is not just to protect your money, but also your relationship. One of the best ways to ruin a friendship is to be involved in a bad deal with a friend.
It seems almost too good to be true. A 500% return in 5 months. It strikes me as one of three things:
1 - He is an extremely generous friend
2 - There was a misunderstanding of the actual numbers
3 - Something is not legitimate
How well do you know your friend? Have you known them for a long time? Does your friend have extensive experience in this arena?
This could be the possibility of a lifetime or a quick way of burning through $20,000.
Make sure you understand all of the numbers and your risk. This is not just to protect your money, but also your relationship. One of the best ways to ruin a friendship is to be involved in a bad deal with a friend.