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Investing,

(75669)
Saturday, November 10, 2012 02:12 PM 

If I am investing with some one in cooking oil what kind of documents or agreement should I ask him to sign for me I already asked him to sign open dated personal cheque for the same amount in exchange of my investment as a security which he is agreed for. I mean what should I write in the agreement and who should I ask to do that I mean do I need lawyer.

Mian Sahib replied on Saturday, November 10, 2012 04:30 PM 

It will be better to engage a lawyer to draft the agreement & prepare other documents.

Advisor replied on Sunday, November 11, 2012 03:11 AM 

Mian Saab is correct. Definitely involve a lawyer ! Get a good lawyer too.. lawyer fees spent now will make life easier in future.

A R Khan replied on Sunday, November 11, 2012 05:28 PM 

Don't invest unless you know the business yourself and are in control from one day to the next. I am a chartered accountant and have seen too many investors losing money. Another principle is that if you are not sure, don't do it. Much better you buy DSCs or a plot of land etc

advice replied on Sunday, November 11, 2012 07:00 PM 

My advice is not to do it. Rule of thumb is no body is going to make money for you. He might make it for first year then after that he is oging to start thinking why should i make money for you. Pakistani people are different than indians. They forget things. I have seen it here in USA too and also in pakistan.

Siana Baba replied on Monday, November 12, 2012 09:59 AM 

Accept my advise! Keep this money in the Bank even if you have to pay service charge for it,if you can not do business with it. Never give your money to any body else,s hands even if he is your father or son. Once money goes out of your hands it no more is yours and never comes back to you. So hold it in your grips. No body works for other peoples benefit unless his own benefit is more than yours. I have seen relations spoiling because of the money. When you declare that you have some extra money you cant manage yourself, they start hovering around you behaving very nicely, and when they get hold of your money they turn their eyes, and their behavior changes altogether. I am writing these lines Because I have lost all my life,s saving to some one like that who used my kith and kin to snatch it from me. So this is my advise to every body that don't trust anybody. Keep your savings in Bank or buy nonperishable commodities like Gold or metals or on ground secure properties. If you want business do it yourself.

lahore lover replied on Monday, November 12, 2012 12:49 PM 

Agreed with below lines

"Never give your money to any body else hands even if he is your father or son. Once money goes out of your hands it no more is yours and never comes back to you. So hold it in your grips."

I lost my 7/8 years of hard earned money to trust someone. better to buy some property or gold.

shahid khan london replied on Monday, November 12, 2012 02:53 PM 

think ten times before making partnership anyone in pakistan. it is not my advice but life experience. the money in ur pocket is ur money but ur money in others pocket never be ur. now or never

uae replied on Tuesday, November 13, 2012 07:03 AM 

I still remember the saying of one old man, that in pakistan "Banday tou bohat mil jaatay hain lekin koi banday ka puttar nahin milta."
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