Happy New Year! I started this blog a year ago and mostly focused on what I was calling “WTF platforms“, but with a new year I will use a new term: “questionable platforms”. So which 15 platforms have got my attention?
You forgot to include Lenndy, which misled investors by showing better than reality performance. Giantus, Lenndy and First finance - same owner, but they are likely to have shifted all performing asset to Giantus and leaving all the shitty ones with First Finance.
Central Bank of Lithuania notified law enforcement in Lithuania and Latvia regarding Lenndy potential conflict of interest, information disclosure and potential misconduct between same owner's group companies:
high risk/high reward = bitcoin, stocks. Low risk/high reward = reading books, developing new skills, you risk only with your time, or building a startup/consulting/side-business in free time, also requires only minimal funding and time, but can result in a potentially high reward.
You forgot to include Lenndy, which misled investors by showing better than reality performance. Giantus, Lenndy and First finance - same owner, but they are likely to have shifted all performing asset to Giantus and leaving all the shitty ones with First Finance.
Thank you for comment! Have no experience witb Lenndy myself, will have a look.
Central Bank of Lithuania notified law enforcement in Lithuania and Latvia regarding Lenndy potential conflict of interest, information disclosure and potential misconduct between same owner's group companies:
https://www.vz.lt/rinkos/2021/01/21/investuojantiems-i-paskolas-per-lenndy-riziku-materializacija-lb-kreipesi-i-prokurorus
Thank you for comment!
"high risk, low reward" . What would you call a High risk/high reward and low risk/high reward asset?
high risk/high reward = bitcoin, stocks. Low risk/high reward = reading books, developing new skills, you risk only with your time, or building a startup/consulting/side-business in free time, also requires only minimal funding and time, but can result in a potentially high reward.