Good advice Paul, though whether they listen is another matter. Why do people who have so much money want to "invest" (I use the term loosely) in such hare-brained schemes?!

Is it because the human brain cannot deal with wealth that hasn't been personally earned and instead, gifted? I mean, this is why most lottery winners go bust, it's because they can't handle the fact that they didn't really earn it.

If it was me, it would go into a nice, balanced mix of index funds of shares, property and some bonds....then go and live off the interest. But that's me.

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I totally agree with Pauls 'DON'T DO IT! advice. My father got scammed many times and even with some legal papers and first mortgagee documents '- it means nothing when a few of the borrower's went bankrupt. This man did'nt build on the $165k land and now the property with unpaid council rates, council lawyer fees and depreciatoon because of overgrown derelict state means property will only sell for around 75k, less council fees/agent fees/lawyers fees and propbably clean up fees mean there will probably be none or less than 5k return on my father 165k loan. So my father thought he would make a great 10% return to fast track his money and all he did was get loads of stress and lose the lot.....its just not worth it.
So I say just DON'T DO IT!

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