3 ms·

Ah, that might explain my ignorance. I’ve never heard the term “investment club” before today. I just assumed it’s legit.

• ev1 5y ago
  There are legitimate investment clubs, intended to spread risk or do a larger group buy or similar, but the legitimate ones are almost 100% chance not containing showboating arsewaffles that make fun of poor people and telling them that's why they're still poor if they can't come up with the money to give to a scammer. The meetings are often much less boring and procedural, or otherwise it's teenagers learning finance with small amounts being held by a non-minor trustee. Think of it as the difference between a group of people with a formal contract and meetings for investment splitting in a conference room vs https://www.youtube.com/watch?v=lCcwn6bGUtU https://www.youtube.com/watch?v=lCcwn6bGUtU It's extremely obvious which category this article's meeting falls into once you know about those two categories. I've had a bunch of friends fall into the MLM world (which will keep telling you it's not a pyramid scheme), and every single presentation or meeting they've ever seen, talked about, or been to has either been mindnumbingly cringe and unprofessionally fraudulent slides with false income numbers (upline-held ones) or cult-like scam screaming and money worship (corporate ones).