Beware of private investment deals that promise high returns
Investors are often blind-sided by promises of huge returns that they forget to check how they can even cash out and get their money back, let alone any profit. ST ILLUSTRATION: MANNY FRANCISCO
Fixed deposits are only paying around 2 per cent now so it would certainly be tempting if someone dangles a private investment deal offering returns of 10 times or more.
But before jumping in, ask why anyone would let you share such bumper profits when they could have it all to themselves.
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