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Updated 3 months ago, 10/11/2024
Spotting an investment that will not end well
Here is an email I received this AM. Here are some things that should jump out like a sore thumb:
1. Targeting 50% IRR. This should be a 100% pass and do not even read further.
2. Tout its a proven model - how many proven models do you know that contribute 50%
3. Email had no name in the signature. Only had a website link
4. Website was not complete and did not have any names or photos. If it did, I would go on linkedin and see what experience they had (for example that apple... company in TX had asset managers who were overseas VA's - curious how many of those investors knew that and could have spotted a thirty second search would have created a red flag).
5. FOMO - this is your chance. To me this is my chance to give a donation as I will never see this money again.
Share your thoughts, would any of you consider this? If so why?
- Chris Seveney