My dad put some money into a gold mine in Mexico.do you think it will do well and make my family wealthy.?
please help im really excited. they have already found gold and platinum there.
Personal Finance - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Maybe, maybe not. The best way to get wealthy is to spread your investments around - i.e. 'diversify', so that you won't lose everything if the one company you invested in goes bust. But on the other hand, if you are really lucky, not diversifying can work out well, because if the company makes a ton of money, you will do better since ALL of your investments are with that company instead of just some. But still, most people would say diversification is the best bet with the least risk.
2 :
Gold mine in Mexico???? Sounds like your dad just got ripped off! Non-citizens of Mexico have no property rights, therefore anything that the mine digs up, your family has no LEGAL claim to it. Also, gold and platinum are not found together in the same place. Take a geology course!
3 :
If the company is legitimate and not a scam, there is certainly a chance. I hope that you & your dad have checked out the opportunity thoroughly, with references and on the internet, before investing. Many such opportunities turn out poorly. Wishing you well, all of us need things like these.
