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Anonymous
Entrusting money to a friend to invest 2017-09-09 12:27:06 Post No. 18705608
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Entrusting money to a friend to invest 2017-09-09 12:27:06 Post No. 18705608
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I will receive a fairly large sum of money soon (100-200k), money that I won't need in the immediate future.
Rather than invest this is in low-risk, low-reward stuff myself or putting it with the bank, I have a friend who is doing really well with cryptocurrencies and the likes. He's made 100k out of nothing in just six months, so he knows what he's doing, and he's willing to manage my money in exchange for a portion of the profits.
I know it's risky no matter what, since it's a volatile and unregulated business. I am 100% confident in my friend's knowledge, skills and integrity though (not to forget: contacts on the inside). This feels like my chance to make it really big. Losing everything would be kind of a bugger, to put it bluntly, but not that bad. I wouldn't be completely broke or anything.
What do you think? Things to consider before jumping in?
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>>18705608
If you really trust this friend, invest 1/3 or half on crypto. The other 100k, invest traditionally
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>>18705611
I should have mentioned that over the last few years most of my assets have been invested traditionally by a private bank. Those assets are part of a family company that I can't access at will, though, but I consider those part of my 'buffer' in case of a general crypto implosion.
I'll keep some of the cash on the side or in an investment, though, just to make sure.
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yeah man go ahead and do it I see nothing wrong with it
after all, money isn't what matters right? it's your friendship that matters most
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>six months
>he knows what he's doing
He doesn't know shit. All that had happened is that he's had luck. It will not last.
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>>18705608
>Contacts on the inside
Oh anon, do some research first. His "contacts" are probably just threads on /biz/ that told him to buy eth not knowing it was a Russian manipulated price surge.
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