18 to 100 percent annual return fund

[arcticpineapplecorp.]

Hi,
One of my acquaintance referred me to this guy for investment. This financial guru who runs his own fund is claiming that he generates up to 100 percent annual return with his option strategy and that too consistently and without a risk of loss. He says less than 20% annual return is really bad.
Is it possible? Am I missing something here? I have never seen such a confident financial guru before. Also I have never heard about his company before. Have you?

https://www.youtube.com/watch?v=lXsvLwzVyxw
https://nanbanenterprise.com/meet-gk/

I’m not falling for the click-bait. Wish your acquaintance well in his future endeavors. Then read this wiki, if you haven’t done so already.

Thanks to Bogleheads, I have learned my lesson. I am no longer interested in investing with this guy
Will try to warn the acquaintance in a delicate way. He is committed to this and is investing BIG time into this (minimum investment I think is 100k). I fear that most likely he won't listen to me.

It's impossible to convince someone when their mind is already made up.

see my signature, "It's hard to accept the truth when the lies were exactly what you wanted to hear."

[arcticpineapplecorp.]

Thanks to Bogleheads, I have learned my lesson. I am no longer interested in investing with this guy
Will try to warn the acquaintance in a delicate way. He is committed to this and is investing BIG time into this (minimum investment I think is 100k). I fear that most likely he won't listen to me.

Hmm, as I feared, my acquaintance listened, but didn't agree. He is now recruiting other folks.

Multiple LLC are being formed by other unknown folks who charge 2% processing fees from him and his friends and funnel money into this via LLCs. Millions of dollars are being actively poured into it at a very fast rate...

People are discussing how to invest more in order to achieve diamond or platinum status so that the fund does not take 60% share of the profit (which they apparently do for more than 20% annual gain) once you get expected >90% annual gains

Why would your acquaintance "recruit" other folks? What's in it for him exactly? Is he looking for downstream clients (i.e., ponzi scheme)?

Don't feel bad. I was at a party in Dec 2017 when the host was advertising a gathering for her friends and neighbors a few days later (I wasn't invited). The host had invested in and was actively promoting bitconnect to her friends and neighbors. It was a ponzi scheme and blew up just a few months later in 2018. I warned people at the party, but no one listened to me either. A fool and his money are good for business as nedsaid says.

[AerialP]

It's lust, man. Lust doesn't have lie filters. Don't you feel it when you see a nearly new 4 wheel drive kubota on craigslist for $2500? I sure do.

This is gold in and of itself. I'm buying it (for $0, thank you very much!).

[CuriousIndexer]

This acquaintance has been telling me that I am missing out on an opportunity of a life time which can lead to early retirement. He has already invested in this.
I don't know much about options and he is claiming 18 to more than 100% annual returns with options with his technique with no risk to the principle.
That's why it has piqued my interest.

So did your friends end up losing a bunch of money? Or just not get the returns advertised?

[uaeebs86]

Hi,
One of my acquaintance referred me to this guy for investment. This financial guru who runs his own fund is claiming that he generates up to 100 percent annual return with his option strategy and that too consistently and without a risk of loss. He says less than 20% annual return is really bad.
Is it possible? Am I missing something here? I have never seen such a confident financial guru before. Also I have never heard about his company before. Have you?

https://www.youtube.com/watch?v=lXsvLwzVyxw
https://nanbanenterprise.com/meet-gk/

I’m not falling for the click-bait. Wish your acquaintance well in his future endeavors. Then read this wiki, if you haven’t done so already.

Thanks to Bogleheads, I have learned my lesson. I am no longer interested in investing with this guy
Will try to warn the acquaintance in a delicate way. He is committed to this and is investing BIG time into this (minimum investment I think is 100k). I fear that most likely he won't listen to me.

It's impossible to convince someone when their mind is already made up.

see my signature, "It's hard to accept the truth when the lies were exactly what you wanted to hear."

"It's easier to fool people than to convince them that they have been fooled."

[arcticpineapplecorp.]

Hi,
One of my acquaintance referred me to this guy for investment. This financial guru who runs his own fund is claiming that he generates up to 100 percent annual return with his option strategy and that too consistently and without a risk of loss. He says less than 20% annual return is really bad.
Is it possible? Am I missing something here? I have never seen such a confident financial guru before. Also I have never heard about his company before. Have you?

https://www.youtube.com/watch?v=lXsvLwzVyxw
https://nanbanenterprise.com/meet-gk/

I’m not falling for the click-bait. Wish your acquaintance well in his future endeavors. Then read this wiki, if you haven’t done so already.

Thanks to Bogleheads, I have learned my lesson. I am no longer interested in investing with this guy
Will try to warn the acquaintance in a delicate way. He is committed to this and is investing BIG time into this (minimum investment I think is 100k). I fear that most likely he won't listen to me.

It's impossible to convince someone when their mind is already made up.

see my signature, "It's hard to accept the truth when the lies were exactly what you wanted to hear."

"It's easier to fool people than to convince them that they have been fooled."

“The first principle is you must not fool yourself, and you are the easiest person to fool.”--Richard Feynman