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Singapore
Tuesday, December 6, 2022
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MAN CONVINCE FRIEND TO INVEST WITH HIM BY TRADING FOREX & STOCKS, MONEY ALL GONE

So my friend is starting a company that does Forex trading and stocks, he claimed that the company will help clients invest and make money.

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He needs some money to get a few operating expenses out of the way.

I told him I’d give him the money if I could have 15% of the company. He agreed. He also wants to pay me 15% of the monthly net income (he is adamant that I get a great return).

I don’t have a problem with that but should I take this in a different form, than monthly checks, instead? Like dividends or something? It’s as if I’ll be an investor but also a contracted employee with his way of doing things.

Doesn’t seem right with tax implications. I feel like I should know this but I don’t.

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So about 3 months after I put in my money he went missing and the company was shut down.

What are my options?

Here are what netizens think:

  • If this is a company with any substance, listen to what others have said about reinvesting any income/profit. Also consult a lawyer
  • Don’t invest anything that you aren’t prepared to lose. But take a percentage and if you’re receiving money out it should come as a dividend. Although I’d recommend not taking money out – however you might also want a board seat so you can keep an eye on your investment and have a say if the company starts tanking etc.
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