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Alternative investments

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  • Albermarle
    Albermarle Posts: 30,545 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    You may find that when you want to withdraw the money, they will demand a fee, giving some spurious reason.
    After you pay it, you will never hear from them again.

    This thread may be of interest.
    Genuine or Scam — MoneySavingExpert Forum
  • Using specialist professional knowledge in an area you know inside-out, or using thorough research, you could try what I call a McBain investment.
    If you recall the film Once Upon a Time in the West, Brett McBain works out that any railway crossing North America must have a station at a particular point on the Arizona range because it is the only water point for hundreds of kilometres in either direction. So he buys a farmstead there for a song and sits on the property until, sure enough, the railway comes through and must have access to the water.
    A modern McBain investment might be something like a thorough trawl of eBay buying every edition of a particular newspaper that featured the Apollo moon landing project: from Kennedy's project-launch speech to the Apollo 17 splash-down. One could probably build up a full set for a few hundred pounds. When the Artemis mission lands people on the moon for the first time in over 50 years there is a chance the set would sell for several thousand pounds. Just an off-the-cuff example to demonstrate the principle: follow your own interests and enthusiasms. Enjoy the journey.
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