Den of The Lion Investor

The Profitable Capital Group is a new company that you can find on the internet. This company promises investors a daily return from 1% to up to 9%.

On the website of the Profitable Capital Group, it states that they have signed a 3 year sponsorship with ESPN, recently launched AA and AAA plots and that they are part of (well-known) The Profitable Group.

The Profitable Group has issued a statement that the Profitable Capital Group is not part of their company and warns investors to be careful. The actual company that has signed a deal with ESPN and launched the AA and AAA plots is The Profitable Group, not Profitable Capital Group.

It is clear that the Profitable Capital Group is a scam. They are misusing another company’s name to operate a ponzi scam that promises outrageous returns. You can’t even find any contact numbers or address of Profitable Capital Group on their website. While most investors should be astute enough to see through this scam, some others might be lured and taken in by the high returns.

This has happened in the past with scams like Swisscash (or Swiss Mutual Fund) and unfortunately, history always repeat itself.

Investors beware!

One keynote speaker of the Smart Expo event is Steve McMahon, former Liverpool (and England) player and ESPN football commentor. He is currently the group commerical director of Profitable Group.

I wasn’t exactly sure what Steve could teach us about investments, but decided to attend his talk anyway.

According to Steve McMahon, this was actually the first public speaking engagement, and he found it much more difficult than playing soccer or being a commentator.

There wasn’t any fancy powerpoint slides, and basically Steve shared with us his entire footballing career.

Yesterday was the Merseryside derby game between Liverpool and Everton. Most people probably didn’t know that Steve was a lifelong Everton fan!

Everton was also where he started his career, followed by a short stint at Aston Villa and then finally Liverpool. Subsequently, he went to Manchester City and finished his footballing career as a player-manager at Swindon.

So how can we relate all these to investing?

Throughout his career, Steve very often had to make important decisions. Just like we have to do so when we invest our money. And never once had Steve made the wrong decision.

How do you know you are making the correct decisions?

When you are happy.

When you wake up and you have regrets, then it’s probably not the correct decision.

And always treat people the way you want others to treat you.

Update: Click here to see the entire presentation by Steve McMahon