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I’m in contact with one of my good friend in Bulgaria who might be offering an investment opportunity to our readers. Before I give any kind of green light, I’ll be doing extensive work on the diligence of the company, the track results as well as the transparency of our funds.
Personally, I have all my funds tied at the moment and won’t have any cash to spare, but its good we have some options available.
Would you be interested in investing in a mutual fund that specializes in a pool of Bulgaria stocks if:
- the company has 15 years of experience in the field.
- minimum sum to join is around $5,000 - $6,000
- total transparency on daily results, with contract bound between you and the company (vetted by solicitor) that you can pull your funds out anytime.
- annual results ranging from 20 - 50% per annum
Do share your thoughts.
Popularity: 7% [?]
Any information about real investment opportunities that are 100% transparent and long term sustainable is of great interest. On a side note, i think the idea of shifting away from HYIP to trading/forex is a good thing. The more genuine readers here that acquire forex skills and can setup up descent programs them selves must be the future.
5000-6000$?
The reason most people seek and join legit hyip is because they are trying to find a safe way to invest a couple hundred $$$ and turn it into some extra pocket money. 99% of your readers dont have 5000$ to invest actually.
So I dunno if a mutual fund would be a great idea unless you are going to launch your own private pool which accepts 100$ minimum or something. JUst my thoughts ..
It won’t be a pooled fund probably. I’m not too sure whether 99% of my readers won’t have that kind of money to invest in legitimate investments though, that might really be a misquote on your end.
I’m vetting the possibilities before introducing to the readers with all the diligence that I can present here.
Hi Jude, sounds interesting. If this investment can give me at least 20% per annum on my money, count me in. The only requirements i have: absolute safety of my funds and free access to my money whenever I need it. High min. won’t be a problem.
Hello.-
I do not trust any ex-comunist country, even if they now belong to the European Market. Many russians, or baltic states HYIP programs just were scams that vanish with the clients money. In my case I lost with three of those HYIP.
Regards.
Francisco, I understand your feeling when it comes to history and sentiments, also especially when it comes to HYIPs with regards to Russia.
The company has 15 years of track records and according to mbongwe, one of my favourite pal who lives in Bulgaria, is highly reliable and efficient. I’ll find out more before presenting it to everyone.
I have the same opinion as mister ‘Maes’ (his name is derived from the great Belgian beer by the way
).
Bulgaria belongs the ‘booming’ countries of eastern-Europe that have just accessed the EU. I like the fact that their currency (the lev) is fixed against the euro.
A few notes on the Bulgarian economy:
Economy - overview:
Bulgaria, a former communist country that entered the EU on 1 January 2007, has experienced macroeconomic stability and strong growth since a major economic downturn in 1996 led to the fall of the then socialist government. As a result, the government became committed to economic reform and responsible fiscal planning. Minerals, including coal, copper, and zinc, play an important role in industry. In 1997, macroeconomic stability was reinforced by the imposition of a fixed exchange rate of the lev against the German D-mark - the currency is now fixed against the euro - and the negotiation of an IMF standby agreement. Low inflation and steady progress on structural reforms improved the business environment; Bulgaria has averaged 5.1% growth since 2000 and has begun to attract significant amounts of foreign direct investment. Corruption in the public administration, a weak judiciary, and the presence of organized crime remain the largest challenges for Bulgaria.
So…. when it’s 100% legal and transparant it might be a good opportunity imo.
Thanks for the feedback Stijn
But on the other hand… what can your friend (or the fund of course) offer that western funds focusing on the region can’t offer? Is the 20% guaranteed somehow? Seems to be difficult…
I don’t think the returns are guaranteed, though I’ve seen the records for the past 5 years that the returns are no lesser than 20% for different portfolio selections (and up to 60% for agressive ones). Might be the fact that Bulgaria is an emerging market.
Still, it should be worth some time to do diligence on.
There are opportunities in every market in every country. The trick is finding the good ones locally in your own backyard.
I might if we could learn more about it. What sector or industry would they be investing in? Health Care, Retail Sales, Technology?
Also, if its a ‘general trading’ fund what parameters do they use for trading? Fundamental, technical, day trading?
Are their restrictions on ownership, like would the fund hold anymore than 5% (or less) in any single issue?
Etc, stuff like that you find in the prospectus (usually)
I’d like more info.
Mark
20% ROI a year is not impossible, even in the local south east asia market . .. If you can somehow show us the legitimate of this fund’s organization, then well… why not eh!
Hello there. Stating that HYIPs coming from country X are all scams is ridiculous. Think about all the surf sites at the moment. They ALL are from US.
US scams are way more than scams from any other country.
Name me some Russian scams. I can think of a few. Just a few.
One fact: The biggest internet based ponzi ever created was 12dailypro which was based in the US.
Enough said!!!
jude i would like for you to check a co. out email me ill send you the name
Well, I think it’s a good idea to share some thoughts as well. First let me say, I have no finger in this Jude’s venture, but yes I live in Bulgaria and I know the company he targets. I am an investor in it since 2005 and have made about 60% profit since then (my money is distributed between their aggressive and balanced fund).
Someone suggested that it could be in some way “scam”. It is a mutual fund and is observed by a government agency. Every single trade they make is verified, just like it happens with any mutual fund (at least here). This is opportunity is safer than 100% of the “programs” you have seen on HYIP forums and blogs. No exception. It’s a legit mutual fund, the fraud risk is just zero. And by the way it has been almost 20 years since the communism crashed, so come on, let’s get serious.
Now about the trading. I don’t think they “trade” in terms of day trading or any other kind of market speculation. The company has relatively conservative approach and to my knowledge uses mostly “buy an hold” strategy. The stock market here is growing fast, therefore 20% per year is not hard to achieve. Other mutual funds achieved more than 100% ROI last year, but I am assuming this includes higher level of risks.
On the other hand no one can say for sure how long we’ll have a bullish market. Again, as the funds don’t speculate and don’t trade short positions (shorts are impossible in the Bulgarian stocks exchange), they will hardly profit in a bearish market.
I hope I’ve clarified some doubts.
yes, jude with all the ddos ect no doubt you been busy! anyway if you get time i am sure there are many here who are interested in knowing more…. thanks.