Jeff7
Lifer
- Jan 4, 2001
- 41,596
- 20
- 81
Yeah, there we go.Originally posted by: her209
I would dump your girlfriend if she really believes that's the normal ROI.
I'm sorry, but why did "gold-digger" just pop into my head?
"Oh my god, he is making so much more than you. Why can't you be like him?"
If I could invest money and get 5x more, easily, I wouldn't be doing a work study job, and I wouldn't worry about student loans. Hell, I'd take out a few bank loans. I have no idea what interest rates are, but let's even say something crazy like 20%. I'll take out $25,000 in loans, invest it, and a year later have over $125,000. Pay off loan plus interest, and take out another loan for even more money, say $50,000. I could retire tomorrow if I wanted to.
Exactly.Originally posted by: ultimatebob
It is possible? Yes.
Is it likely? Hell no!
Is it likely that that he'll lose almost all of your money if you let him invest it the same way? Very!
Lots of good advice in this thread.Originally posted by: CaptainKahuna
Sounds like some kind of Ponzi scheme (Wikipedia link)to me. Your GF's brother was probably just lucky to get in and get out early.
Your GF also sounds like she has no idea how investing/finances work. Don't let her near your bank account.
Plus, are you sure the guy is an accountant? Normally you would need a broker for something like this.
Smells fishier than a Siamese whorehouse in rainy season.
