Better invest investment

[iamdhamo]

Has anyone invested with better invest? This seems to be related to invoice discounting and hence I stayed out but would like to know the feed back

 

[jyothisthaliath]

I have done investment in BetterInvest. Their return of18% IRR is a bit unrealistic. The downside I faced is that the returns are not consistent. They say 2 to 3 months, not mentioning an exact date for repayment. That was bit scary when I started out. I am not planning to invest with them any further, as I wish to have some control on my money. There are other invoice discounting apps like AltGraaf, Tap Invest, GripInvest, etc. which provides timely returns.

 

[iamdhamo]

Even altgraaf n grip invest had defaulted for few invoice discounting. I had faced loss of my principal in gripinvest for big spoon

 

[iamdhamo]

Even growpital the other agri income also failed

 

[getmohit]

Hearing people saying alot about "Guaranteed Income Plan >Fixed Deposits", as it gives Risk-free & tax-free returns with life cover.
Anybody who has opted for it? What are your thoughts?

 

[iamdhamo]

Hearing people saying alot about "Guaranteed Income Plan >Fixed Deposits", as it gives Risk-free & tax-free returns with life cover.
Anybody who has opted for it? What are your thoughts?

Which platform is this

 

[getmohit]

Which platform is this

heard the same among my peers, not in any groups.

 

[iamdhamo]

heard the same among my peers, not in any groups.

I feel its not risk free

 

[SomeRandomName]

Any similar discounting platform which takes in investment through Rupay CC?

 

[Pradumya]

Hearing people saying alot about "Guaranteed Income Plan >Fixed Deposits", as it gives Risk-free & tax-free returns with life cover.
Anybody who has opted for it? What are your thoughts?

That is ULIP or endowment policy
The worst insurance product. For any endowment policy if you calculate the returns it won't even cross 5-6% which is worse than FD after tax.
You easily get 9% FD in SFBs better opt for that. Skip these plans saying guaranteed word. Nothing is guaranteed in this world..
Watch this video for better understanding at 1.5x if you want. It will tell you the way to calculate the return.

 

[Zacobite]

Even altgraaf n grip invest had defaulted for few invoice discounting. I had faced loss of my principal in gripinvest for big spoon

Times are tough... Avoid Invoice Discount for sometime... Defaults are rising..

 

[iamdhamo]

Times are tough... Avoid Invoice Discount for sometime... Defaults are rising..

True I had a default in big spoon n after that I never invested in invoice discounting.