So I called this company about a week ago. First and foremost, they verified the source of the lead, through a front desk type deal. Then I was transferred over to a sales person. He guaranteed the returns over the phone, which is an absolute red flag for me. I even asked him if he just guaranteed the return, to which he said yes. He then said they were building new construction and high-end, I mentioned those of the first things to fall during a down economy. The response was all the Wall Street guys are getting in on it. If that was the case, they wouldn't need radio advertisement, right?
Here's my take. Regardless of what I hear, I'd never invest.
Returns that are guaranteed always get paid on American Greed, until of course they don't and the whole thing comes crashing down and the victims lose their capitol. That's why even cautious people end up investing, because they talk to other people that are getting good returns and they don't want to miss out.
If someone would like to correct me, and tell me how the return is guaranteed, I'd love to hear it. I guess my next question would be great, I guess my capital is not at risk either.... Which of course if the return is guaranteed, the capitol would have to be guaranteed too, right?
I'd love to hear the response, heck maybe they can put a good spin on it and sell some more people.
About a year in to the next down economy, it'll all come out in the wash. That's why I'll enjoy looking back at this post in the next downturn when this hits the news.
I don't care if my opinion is blunt. If it walks like a duck, and quacks like a duck. It's a duck - period!
