ITP Investment: too good to be true or worth a try?

I recently was invited to join an ITP investment scheme. 
When I researched ITP, it came up as a Ponzi scheme, which made me immediately weary.

However, if I invest only a smallish amount -say £100- and take that out of the scheme as soon as possible, what would the argument against be?

Comments

  • Who invited you?

    Are you happy to gamble with £100 and are you happy to loose it all?

    Do you really want to encourage this sort of thing just for the slim chance to gain a few quid?
  • As above, where did the invitation come from?  As a general rule, any invitation you receive to "invest" money is a scam from the outset, even more so if it comes via social media.  Any sensible person who genuinely wants to invest money will do some research themselves and approach the investment company, not the other way around.


    However, if I invest only a smallish amount -say £100- and take that out of the scheme as soon as possible, what would the argument against be?
    You'll lose £100, that's the argument against it.  You'll have a higher chance of a return by buying a few lottery tickets, spending an evening at the casino or putting the whole lot on a 100-1 outsider in the 3:30 at Chepstow.

  • mjm3346
    mjm3346 Posts: 46,858
    First Anniversary Name Dropper Photogenic First Post
    Forumite
    I recently was invited to join an ITP investment scheme. 
    When I researched ITP, it came up as a Ponzi scheme, which made me immediately weary.

    However, if I invest only a smallish amount -say £100- and take that out of the scheme as soon as possible, what would the argument against be?
    Lose £100 plus however much they charge to release your funds to you, say a £5 to start with and however much more they can get away while keeping your money just out of reach - also getting your details sold for good money as an identified mug (lists of confirmed fools sell for more just than active e-mail addresses)
Meet your Ambassadors

Categories

  • All Categories
  • 341.8K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 233.9K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards