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A friend offer me a investment opportunity at 15% annually, is it too good to be true ? (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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He was my coworker. I know him at work for years. It is unlikely he take money and run away.

He ask me a loan to scale up his business, promised to pay 15% annually.

His work is in manufactures industry, maybe B2B. He said he his business don't depend on number of customer available. I don't know. I am a salary man. I know nothing about business and investment.

I haven't ask him into the detail yet. I know nothing about this type of business. He seem confident, but I feel the 15% is so unlikely that will come with (hidden) risk. Maybe my friend is also a victim of another scam, or he just overconfident.

People of Lemmy, I ask you, those who are investor and business owner: is >= 15% annually ROI possible ?

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[–] [email protected] 9 points 1 year ago

He said I can make money by apply for loan against property, and loan to him and pocket the different.

You never give loans to someone that you're not completely prepared to write off. You absolutely don't give loans with loans (unless you're a bank and getting those loans from a central bank, which I doubt you are).