POSTED BY April 18, 2013 7:25 am COMMENTS (3)ON
One of my friend has been assured by another person who is doing commodity broking though online, that assured returns of 5% to 7% per MONTH. My friend requested me to speak with him and understand the things as he is not familiar with computes, online, trading etc. I visited his place, he seems to have the knowlege and playing with AGRO products. He was using some Local application and another application which he claimed that he has bought with Rs.2 Lakh. That suggests what to buy and sell. He was assuring he can double the money in an 10 months. His comission is 3% and rest 7% to the invester on monthly basis. I could not belive this as I have not heard of such investment option before.My friend is very tempted to invest as he has gauranteed 5K/month for 1 Lakh. One thing I have suggested is not to rush in and just invest small amount and see if he wants. My question is Is it really practical to get this kind of returns and also what would be your advaise to my friend in this case.