Quote:
Originally Posted by bossku69
Prior I had my money in CD's with BofA, which was getting about 5%ish a year. I was asking him about what he did and he told me that he can get about 8-10% return a year guaranteed or 20% in a high risk. I took him up on the offer for the 8-10% guaranteed and gave him $25k. He told me it was all stocks, forex, etc., seemed 100% legit and he showed me some proof of what he did.
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First of all sorry to hear. It sucks when you lose your hard earned money especially at the hands of a scammer.
He said it was "stocks, forex" etc... but that he would guarantee you a 10% return ? Red flags should have gone off right there. No one can guarantee you any return muchless 10% when it comes to the stock market / commodities / futures etc...
If you want look for a very secure high return, check out the property tax sales, if your state has them, most do. In my state you are guaranteed a 17% return on your money in your first year and 12% each year after that. After 3 years you can take ownership of the property. The specifics vary from state to state.