This should be the taiwan project. some MLM company which i think i shouldn't name, is trying to make some city in taiwan wireless...Originally posted by Sky99@January 07, 2007 10:40 am
Anyone heard of such investment which u invest 3k. every mth get back $300 . for 12mths. u get back 3.6k. so u earn $600. that's confirm . and if the project is successful . u get 30k. my bro have been bugging my parents to invest. is it too gd to be true?
well, at first i was excited when i heard about it. but i gave up after meeting and speaking to a few of the "so called managers" for just a few times.
there are countless questions they cannot answer me. one of the most basic is that if the project fails, how do i make sure the company keep their promise. he cannot answer.
i told him straight in the face that i have no confidence in his company. and there is no "black and white", and the worst thing being the contract paper doesn't even look professional. even the documents i signed at my bike shop has more standard. ok i know that "professional look" doesn't mean anything. but we are talking about 5-digit to 6-digit sums here, a 14yr old could come up with a better kind of ducoment.
asked him how he could convince me, he showed me some lengthy boring video over his lap top, and showed me a PHOTOCOPY of a document he claimed signed by some mayor in taiwan. asked to see the original, he say cannot access to... i mean WTF, just all this to convince me?
i had friends who had invested in it. and yes they do get back money every month.
but i'm not gonna risk a few thousands in something that has no solid background or whatever you call that. its just like i borrow a sum of money from you, and i say i will pay you back, no black & white documents no nothing. just my words. i pay you back abit, and after that i run away who knows.... that kinda feeling...
well... it all boils down to... that he couldn't convince me. and couldnt' feed me with the information i wanna know.
Adam Khoo once said, it is a very big risk for you if you do not have enough info, even if its a solid good deal
Rich Dad says... a fool and his money are soon seperated
if it sounds too good to be true, it probably is...
i'm NOT saying that this investment thingy is a scam... it does pay you back, but we dunno what they have in mind for your money as it is not transparent at all.
try talking to them, anyone of them, and you can sense that either they themselves dunno what is clearly going on (the juniors), or they are trying to hide something (the senior managers)
i'm trying to say that for that few thousands that you gonna risk, might as well put it to betta use for long term purpose and discover the magic of compound interest over time.
who knows, you invest your few thousands, in hope to make a killing. in the end they shoot you in the arse and tell you it wasn't sucessful. and you only gain that measly amount of $$$ COMPARED TO WHAT YOU WERE PROMISED. which might be what they have planned in mind in the first place.
there's no clause in the contract that stated that they MUST pay you. i read it over many many times....
sorry for being a wet blanket to those who have invested. but i personally think it wouldn't work out. if it works... then i bang balls... and we have alot of rich singaporeans...