Years back, one of my father's close friends, a bank retiree had put 1 Cr in a scheme, where he was promised 12% FIXED interest every year. It was a "Popular" Company. He got back: Yr 1 - 12 Lakh Yr 2 - 12 Lakh Yr 3 - 12 Lakh Seeing his success, his friends also invested few crores of life savings. And most of them were bankers themselves. Yr 4 - 12 Lakh Yr 5 - Company went bust So, he got back 48 Lakh, but lost his principal. He lost his friends, their money. Psychologically, very taxing. Learning: - If anyone offers you more than FD returns (Fixed return above 6% to 8%), please take this with a pinch of salt. - Most people invest their life savings in such schemes. Please note that, even in a bank, only upto 5 Lakh is insured and even that is not easy to recover, in case of a problem in the bank. - There are many unregulated companies with such debt schemes. Some give 10%, some 12% etc. AVOID. - Never put your life savings in such schemes. The RBI will not insure above a certain amount. Also, most of the cases, it gets written off. - We are common man. The court case will probably get resolved, after we are gone. - There is no free lunch. Take high interest, reward points, easy credit with lots of caution. Return of Capital is more important than Return on Capital. Share this with your friends. Especially with your parents. Repost for higher reach. If a few thousand people can benefit from this information, my work is done 🙏🙏🙏 #FI#