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.

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!!!

I’d like more info.

Mark

Still, it should be worth some time to do diligence on.

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.

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’m vetting the possibilities before introducing to the readers with all the diligence that I can present here.

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 ..