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Originally Posted by Mikey
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I'm American that's why I only buy investment products from the USA. I guess it would help if you're a local or originally from the Philippines--you're probably better able to deal with the hassle, if any. As for me, I stick to the Good Ole US of A. Fairly clean bureaucracy and predictable legal system.
All in all, though, if Gene knows the guy and verifies that the deal is legit, I say she should go for it because a 10% return... outside of certain single stocks is very hard to come by. Usually, the higher the risk the higher the reward. I don't see this situation being any different. Loaner beware though!