facebookThere is this investment scheme going on about investing into China, more specifically into Nanning? - Seedly

Anonymous

05 Feb 2020

General Investing

There is this investment scheme going on about investing into China, more specifically into Nanning?

Anyone been to their business networking talk? It sounds like a Ponzi scheme.

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I've heard of this and went through everything, including the numbers lesson, in which they shared how the wealth is created. And the funny thing was, the numbers actually added up. I brought my NTU Business School friend who then brought her Chartered Accountant husband, and the numbers checked out and it's a valid system. We also found books on this policy in the bookstores there. (If you can read Chinese, they say exactly the same thing as what the people there say).

Perhaps it might be prudent to sit through everything before making a decision? After 20 years of running businesses, I realise that very often we don't know what we don't know. And if we only see 10% and ignore the rest because we think we know, then we may turn out to be that blind man who hugged an elephant's leg and thought the elephant was like tree trunk, while the other blind man who touched the elephant's trunk thought that an elephant was like a snake.

That said it is not necessarily for everyone, so you may or may not like it. Just like stocks and shares are not for everyone:) some just don't enjoy it. So..before deciding, it's prudent to sit through the whole thing.

(I decided it was not for me at that point in time, but my friend and her husband decided to take part and they are doing well).

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Yes, was invited to Nanning last year to explore "business opportunities ". Paid return airfare. The...

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