"Wonderful investment opportunity" advertised on YouTube

I was watching a video on YouTube and, as usual, an advert came up; I failed to click "skip" as I normally would and listened for a few minutes to some bloke called 
Teeka Tiwari
https://www.palmbeachgroup.com/
who was going on about how successful he'd been with his investments and he'd made millions, how humble he was etc etc. and there was something that was going to go up by five thousand percent over five years. It turns out it's blockchain I think and he wants us to subscribe to his research documents or some rubbish.

What puzzles me is, if this investment is so good, why doesn't he invest in it if he's so rich, rather than getting us to subscribe to his research? Or maybe it's like the gold rush in Australia where, reputedly, the people who made the most money were those selling picks and shovels!?

Discuss!

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Comments

  • Stubod
    Stubod Posts: 2,516 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ...not sure what there is to discuss ?????????????????????
    .."It's everybody's fault but mine...."
  • Albermarle
    Albermarle Posts: 27,032 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    What puzzles me is, if this investment is so good, why doesn't he invest in it if he's so rich, rather than getting us to subscribe to his research? 

    This is always the $64K question with this type of 'offer'

    However it is not really 'puzzling' it is just very dodgy and to be avoided with the proverbial barge pole.

  • Alexland
    Alexland Posts: 10,183 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Maybe he is just keen to share his good fortune... avoid.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Always be suckers that think that there's a quick way to make money.  The people who make the real money keep their ideas to themselves. 
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    I wouldn't take just one source as what the next best thing was. Look at various youtube vids that propose Nikola as a good investment, look at where it is now

    Always do your own research
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Old_Lifer
    Old_Lifer Posts: 780 Forumite
    500 Posts Second Anniversary
    Do you think you may have misunderstood ?   Perhaps it may be an investment opportunity for him  and not you.
  • Always avoid these are just get rich quick schemes that never work for regular people.
    Travel lover, family man and some other stuff..
  • Will_Do
    Will_Do Posts: 35 Forumite
    Part of the Furniture 10 Posts
    The best way to make a small fortune is to start with a large one and invest it in a get rich quick scheme.
  • Murmansk
    Murmansk Posts: 1,104 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Old_Lifer said:
     Perhaps it may be an investment opportunity for him  and not you.
    Sounds about right!
  • ratechaser
    ratechaser Posts: 1,674 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Sell me this pen...
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