Hi, i came across this site www.escalatorcapital.co.za, does any one know of them?, the site is not really that informative
Interest rates of 10% PA, thats good!!
I used to work for a company that's in the same office park as them. They had 2 Ferrari's (458 and California) and a Maserati (MC Stradale) there the one day taking their clients for test drives.
Where do you see the 10%?
OK, the problem here is you're using interest rate in the same breath as dividend. It's actually income from sharesholding of a company/companies, not a return on cash.
My Satrix Divi has returned of 15% on the total amount I have punt over the past 14 months (thats dividend and shareprice growth) if I sold it.
Anyway, 10% (since its annual) dividend by 12 gives you 0.83% a month so that means R10 000 will give you R83 a month.
Stay away. Not enough info on their website. Are they registered legally?
Sent from my LavaTube VV e-cig.
They definitely have "that" kind of feel to their website where everything winds up "disappearing".
You dont have to use complicated products to provide a deceit return. Have to agree with the previous post, what do you find appealing about it. Maybe we can provide alternatives that are more standard and safe.