I have observed 2 simple facts since I have been on this earth.

1- All financial instrument being pitch primarily to poor people are unsustainable schemes. Logic dictates that if these instruments were legit the promoters only have to offer half the return they are now offering and the financial market would lap them up. So why would the promoters take a financial hit by offering higher returns to financially unsophisticated individuals and also pass up the opportunity to hobnob with the upper crust of the financial market to dabble with poor people? They won't if they didn't have to, and the only reason they have to is because the investments are suspect or worse.

The first time I heard about these crazy returns I said somebody is trying to wash their money. Which is not all bad, since as long as they need to wash the money the returns will keep coming unlike other pyramid schemes that are dependent on a continuous influx of cash money to sustain themself.

I wish I was wrong and I still hope there is some remedy since many people I know got involved or were thinking of getting involved.

2- In corporate America, and probably workplaces throughout the world, stay away as much as you possible can from departments or assigments where it appears they are stackpiling their black workforce. These departments or assignments are usually the least glamorous, the most dead-end and expendable, meaning they are the first to be eliminated when the company cuts back.

Those are my 2 nuggets.

Cash plus f@@k the get rich quick mentality people in JA including the NPL. Something was fishy when they refuse to join the Securities commision. You know on a smaller scale investment clubs rip people off all the time in North America.

yes zilla and trips

i do agree that almost everyone wants to 'get rich' regardless of location

but there is some truth to carters statement about 'getting rich quick'
not that is jamaica alone it happen, but some people just want to get rich quick(er)

there are other financial instruments in jamaica, like JMMB that offer attractive returns that can allow you to meet your financial goals without the RISK, but over a longer TERM

those are the ones I WOULD gravitate towards (if mi did have the $$$)

then there are others, that tend to attract people who cannot wait t o see their return double, and gput their money in it
a dem people deh want get rich QUICKER than those who invest in less risky securities

arite, zilla gi an example bout weed man and jail

you know how much man me HEAR bout weh a juggle from floppy kill lappo and never get dem finger dutty yet.

WHY??

caw dem well cautious, and dem nuh GREEDY

you have some hurry come up now, who a try get rich inna dem first year and braps, beast 'suck' dem off.

so if there is a lesson to be learned iya, and thank the father seh wi can learn it at others expense, is that whether you a big smuggler or street hustler, big investor or novice investor, it more prudent to take less risks and gwaan full yu basket wid 'one one cocoa' to avoid the pitfalls of risky choices

a suh di ting set!!

bless up!!!

Pelapeppa, the Last Paragraph really hit home Iya. Fi real. Btw, didn't Enron do the Same or Similar to their investors?