My views on land-banking company: Profitable Plots.
Below is my response in hardwarezone forum in AUG 2009 to a forumer about an energy deal from Profitable Plots that offer 12.5% return in 6 months.
A 12.5% return over 6 months equate to a 25% return Per annum. Whatever they are going to invest in is going to be super risky and they want you to bear a part of the risk for them.
Imagine you are in their shoes, you have a great energy deal which can get you a lot of profits but you do not have enough funds. Your options are:
1)approach your local banks
2)approach financial companies/moneylenders(higher interest than banks)
3)raise funds from the local communities
4)start an energy investment scheme in UK
5)Start an energy investment scheme in EURO
...
99)cross thousands of miles to a small place in Singapore to raise funds
"Guaranteed" is it in Black and white or just verbal? Check the exact words on the contract.
Guaranteed by who? some small company under a big group?
For your info, all investments scheme in Singapore have to be regulated by MAS or else it is clearly illegal. However it does not mean MAS "guaranteed" the returns. Whatever promises that have been made to you, check it out on your own. Trust Only yourself and facts
