The idea is belong to my friend. NOT MINE. But you can make it yours.
This is a little bit ‘immoral’ but totally legal approach to exploit the system, or the lack of it.
There are plenty of risky but potentially high return investment products offered in market now. Of course, the risk of losing entire investment sum is huge and real. The strategic is: there is a parachute escape plan as last recourse if something screwed up.
Since the financial institutions are ready to compensate full sum for lost investment for those above 62 years old and with primary education only, the strategic is to purchase the product with the parents’ name if they fall into these category.
If the product makes money, profit earned.
If the product loss money, principle guaranteed.
Can this work?
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