The 1000 club

spendthrift33

A friend of mine has told me about this investment club. I googled it and its membership is by recommendation only - that shouldn't be an issue as my friend will nominate me and she'll get a kick back for doing so.  And this is where I question what this club's about - kick backs for intro's suggest a form of pyramid modelling which I haven't heard of before in respect of financial investments.

Has anyone any experience, good or otherwise, of this club?

Keep_pedalling

Sounds seriously dodgy, very long barge poles come to mind.

Billxx

I suspect the OP's intuition is correct - sounds dodgy to me too.

spendthrift33

Thanks guys, I really appreciate you reading my thread and your words of caution. . .but is there anyone out there who's in it or tried it? I'm happy to continue with my boring old 5% Lloyds bond but isn't the whole MSE thing what this forum's for . . ?

Keep_pedalling

spendthrift33 said:

Thanks guys, I really appreciate you reading my thread and your words of caution. . .but is there anyone out there who's in it or tried it? I'm happy to continue with my boring old 5% Lloyds bond but isn't the whole MSE thing what this forum's for . . ?

You have lot of other options, but some dodgy unregulated investment club with a website that is hidden from everyone who does not have an access code is the last thing you should be looking at.