Recently I was contacted by a family member who asked if I could assist in getting money out of an investment product for a friend of theirs. I responded that I could assist if they sent me the details.
A day or two later I received an e-mail with the details of the friend’s investment and I went cold. The document in front of me referenced a now well-known Ponzi scheme!
Now the friend in question is well known to me, I have fielded calls from this individual about this quick yielding investment scheme or this other share which is a sure thing. Every time this happens my response remains the same, let Global & Local manage your investments, yes, our approach will not shoot the lights out in terms of returns BUT we will grow your capital over time at a market-related rate. And when you need to have access to the capital, we will be able to access the capital and have it paid to your account. Time and time again my advice is not adhered to.