Hi Mr. Subramanyam,
I am regular reader of ur blogs under Subramoney.com and they are really impressive and knowledge enhancer.
However I am always of the opinion that in our country small investors are being always taken for a ride by these so called ‘SHARKS”.
We always end up saying that one should have ‘Good Risk Apetite” etc etc.
We can hear so maney scams happening and happened in Past but as far as Small Investors are concerned their money was not given to them neither by those Cheaters nor an efforts made by Government or so called controlling bodies like SEBI etc.
e.g Pen co op bank , City Limouzine , Sherekar , Cheatfunds AND SO ON WE READ ALMOST DAILY in newspaper about CONWOMAN , CONCOUPLE etc.
Why I am sharing all this because recently one of my friend has been advised by his Financial Planner to invest money in some scheme run by currency trading company (as on today foreign currency trading is not legal in india).
I would like to request you to visit www.wwwsssvvv.com and read their investment plans. (not wanting to give any publicity, I have masked the website).
I want your honest opinion on this as I feel that this company is not genuine and they will run away with the money of poor people.
One may be getting good returns by trading in Foreign currency but how can one gurantee and such a high returns (360 % p.a)
I once again would like to request you and kindly revert back with your feedback which I will be forwarding to that Financial Planner.
I wonder how can be a financial Planner suggest such schemes and left the poor investors in pain .
in a few days I will post my reply and the logical end to a scheme like this..
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