A friend offer me a investment opportunity at 15% annually, is it too good to be true ? (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by hahattpro@lemmy.world to c/asklemmy@lemmy.world

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He was my coworker. I know him at work for years. It is unlikely he take money and run away.

He ask me a loan to scale up his business, promised to pay 15% annually.

His work is in manufactures industry, maybe B2B. He said he his business don't depend on number of customer available. I don't know. I am a salary man. I know nothing about business and investment.

I haven't ask him into the detail yet. I know nothing about this type of business. He seem confident, but I feel the 15% is so unlikely that will come with (hidden) risk. Maybe my friend is also a victim of another scam, or he just overconfident.

People of Lemmy, I ask you, those who are investor and business owner: is >= 15% annually ROI possible ?

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[-] TootSweet@lemmy.world 14 points 1 year ago

Stay away. There is a 0% chance this will end up working out positively. If he brings it up again after you refuse, set hard boundaries that you don't want to talk about it and you won't entertain any further financial offers or advice. If that risks damaging your friendship then it's a "friendship" that needs damaging.

Sorry to hear your friend's gotten sucked into some investment cult.

this post was submitted on 01 Nov 2023

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