Hi Scott,
My good friend wants to invest $100,000 into a crypto-style investment strategy called GsPro. They say in 18 months you will 10 x your investment. What advice do you have for her as she feels she needs to take a risk to make some money. She is feeling behind where she should be and doesn’t trust the regular banks and mainstream investment options. Would she be better off with ETFs as they’re a relatively simple, set-and-forget strategy?
Heidi
Hola Heidi,
I have no advice for her, only for you.
Are you ready?
I want you to grab your car keys and get in your car. While you’re driving, ring your friend and tell her you have something life-changingly important that you need to speak to her about, immediately, in person.
When you get to her house, give her a hug. As you’re doing this, reach around and take off her belt. As in slip it out of her pants. Use her belt to strap her to her dining chair. Then take out your phone and turn the flashlight on and shine it in her eyes, while repeatedly yelling at her:
“DO YOU WANT TO LOSE $100,000? THIS IS A SCAM. THE BAREFOOT INVESTOR TOLD ME SO!”
You are only allowed to unshackle her when she promises you that she won’t give her hard-earned money to strangers on the interwebs.
Hurry up, Heidi. Your time starts now. Your friend needs you.
Give it a belt.