2007-05-28 05:49:16 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
Ignore the first poster's spam link. A 10% yearly interest is not safe; a 10% daily return is simply fraud.
What am I using as a benchmark? The closest we can come to a "safe" investment is investing in U.S. Treasury bills and bonds. These yield 5% a year.
Stocks aren't "safe" in the sense that they can be very volatile, but you will make more money in them over the long run. I recommend doing some research on low-fee index funds. 2 good places to look are Fidelity.com and the non-profit Vanguard.com
2007-05-28 06:44:02 · answer #1 · answered by Valuefrog 1 · 1⤊ 0⤋
Anything that promises 10% daily interest is a scam of some sort.
2007-05-28 13:06:09 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
Hi,
Don't be funny. Nobody could pay 10% interest daily even illegal business.
It is scam.
STAY AWAY FROM THEM
2007-05-29 03:04:17 · answer #3 · answered by VP 3 · 1⤊ 0⤋
No, they are not safe. Most, if not all, are scams, illegal ponzi schemes.
Do not get involved.
It is much simpler and legal to do other things that are legitimate.
2007-05-28 13:02:40 · answer #4 · answered by Anonymous · 0⤊ 1⤋
1) Some yes. Some no.
2) At that rate you will be the first trillionaire before you die.
2007-05-28 15:40:29 · answer #5 · answered by Anonymous · 0⤊ 2⤋
most of them are scams
2007-05-28 13:46:54 · answer #6 · answered by ranjeet 1 · 0⤊ 0⤋
If it sounds too good to be true...it usually is...
2007-05-28 13:09:28 · answer #7 · answered by Anonymous · 1⤊ 0⤋