format_quote Originally Posted by
Danah
You are not planing to invest in Dubai, are you? :hmm:
The stock markets is going crazy too because of that!
one day up and ten days down! I am sorry for those who put everything they have in such investments...that's very sad indeed!
Urm...thats the best time to Invest, when the stock market is "Down" & "Crazy"
YOU the investor can get top notch stuff on the cheap ;D. There are so many bargains out there right now its unbelievable, wish I had 30k laying about :P
format_quote Originally Posted by Getoffmyback
I'm seeking help and informations in this thread .
I'm trying to help someone who invested in Dubai , everything was fine until this economic crisis there. So all the projects are on hold and the company or the contractors are not refunding money. And this guy is in desperate need of his money .
Is there anyone here familiar or stuck in this Dubai crisis that can provide some useful infos?
Was your friend not aware of the pitfalls of investment? I'm sure his financial adviser would have had a talk to him about this BEFORE he put money into it (Did he seek Financial Advice prior to investing?).
Why is he asking for a refund? If the build was continuing, would your friend still be in desperate need of his money? :hmm:
Regardless of the crisis, he should have had a contingency in place should he need money (I'll reiterate, His financial advisor would have advised him to do this)
Sorry there was no way of "Sugar Coating" the above :hiding: