Just wondered if anybody has heard of this company. They have offered to sell shares at $40,ooo which they claim when the company is up and running should return 60%. Some of my friend have invested heavily and want me to follow.It sounds too good to be true to me. Just asking others opinion. John
John Groeneveld
John,
Follow and listen to the adage “if it sounds too good to be true, it usually is” and not your friends.
60% is an awesome return, and I’d imagine any investment strategy claiming such returns (if it can be achieved) would entail exceptionally high levels of risk.
Just my 2c worth.
Jo
There is a new non conformiong lender on the market called HLP Mortgages (http://www.hlpmortgageco.com.au/info/index.htm). They will be lending money to people with credit impairments, ex-bankrupts etc.
This is a growing market, but there are already 4 major lenders in there and a few other smaller ones popping up.
A 60% return is not really that much return for a start up business as the risks are high.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
As others have said the non comforming sector is a growth area but keep in mind Liberty hold about 60% of the market share with Bluestone and Pepper holding the balance. These are all big companies with many millions of dollars spent to get them to where they are today.
You need to ask your self can a small company selling $40,000 shares to mates and mates of mates really cut it?
BTW…are the shares being offered as an excluded offer or under limited propectus? There a many ASIC rule about offering shares of this nature.
Actually, I am not sure that it is even a related company. similar name, but maybe totally unrelated.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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