An OFW blog follower sought my opinion earlier today regarding a business proposal being offered to her and her friends by a person who claimed that he is expanding his fishpond business in the Philippines. While I do not have a complete background of the proposal I told her right away that she needs to consider a handful of things before saying yes to the offer.
She mentioned that the business proposal is that they are being promised to receive an 8% annual return or annuity for every P50,000 she and each of her friends will invest in the said fishpond business expansion. However, the P50,000 that each of them will invest shall be returned to them only on the third year of the business. Continue reading Should You Immediately Grab an 8% Annual Return Investment Offer?