I should point out in fairness to Augusta (with whom I have an investment) that while their advertisements and prospectuses contain "projected" returns, they make no claims that these are guaranteed. Their prospectuses also give detailed information on the assumptions used to make the projections, as well as the main investment risks.
No - sarcastic.Quote by Clubman ''these guys sound good - I think I'll give them my life savings too.'' Are you serious?
Maybe the omission of the word "compounded" is deliberate and without it it's not incorrect to say that 15% p.a. is 45% gross?Even their maths is wrong:
"We are offering 15% per annum over three years.
That's a total of 45% gross..."
15% per annum is 52% over three years.
I reckon that they simply don't understand the difference.
Maybe someone else would like to make a complaint to the ASAI and someone else again to the National Consumer Agency?
Brendan
Unless they can explain how they can guarantee 45% over three years then I for one remain skeptical.What do you think?
as they say they will invest in emerging markets as 1st tier investors and wait for the 2nd tier investors to buy off plans etc. What do you think? (This is my first post)
This works well in a rising market but have they missed the boat.they say they will invest in emerging markets as 1st tier investors and wait for the 2nd tier investors to buy off plans etc. What do you think? (This is my first post)
How did you know what you could sell each unit for? Crystal ball?the explanation of how they get their 45% is simple enough and not totally outrageous. my own company bought a site for x, we knew what could be put on it, how much the project was going to cost, and what we could sell each unit for, therefore giving us projected returns. They are doing this in the same way in markets that are developing eg russia , india. And i beleive this is not an unreal profit prediction. Maybe we might miss the boat if we don't invest .
I have the prospectus. I know nothing about these people but have seen their ads for sometime in various sunday papers. I have no idea who they are . It looks , however , a very good deal, and well worth investigating. I have had gaurantees before and when they dont come through all you can do is take them to court and hope to get your money back. As regards the calculations they are saying that a 100,000 investment will gross to 145000 in 3 years which is near enough 15% for me. however i want to know about these people , who regulates them, how reputable they are, where can i find out about them etc. In reality they will probably earn a lot more than 15% of my money (if I give it to them) , as they say they will invest in emerging markets as 1st tier investors and wait for the 2nd tier investors to buy off plans etc. What do you think? (This is my first post)
If you understand how it all works then why were you asking for info above? No offence but your posts strike me as suspicious. Do you have some vested interest here?the explanation of how they get their 45% is simple enough and not totally outrageous. my own company bought a site for x, we knew what could be put on it, how much the project was going to cost, and what we could sell each unit for, therefore giving us projected returns. They are doing this in the same way in markets that are developing eg russia , india. And i beleive this is not an unreal profit prediction. Maybe we might miss the boat if we don't invest .
you know what your house is worth don't you? same difference.
If they can guarantee 45% after three years, why would they be offering it to the public? If I had access to an investment that would genuinely guarantee a return of 45% after three years, I'd mortgage everything I own to raise cash, then I'd get my family and friends to do likewise.
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