You guys deserved to lose your money if you have been an intelligent investors a pig farm is not possible to give you a monthly payment.
Glad this turned into scam already.
Lol ok let's not exactly go that far. I wouldn't blame the victim per se, but yes it was pretty obvious. The problem is people thought be cause he actually owned pigs that somehow the high rate of return was achievable. If I start a potato farm and tell you I'll give you 200% ROI in a month you'd be asking me how do you could start your own potato farm lol.
If it's too good to be true it most likely is. This is exactly that situation. The early investors got s few payments and then all of them got screwed. Don't incest if there's no way to get your money back. He can't give you a pig if you live on the other side of the world (not that you'd want one rofl).
That is not the only reason why people invested. He showed a video with a farm pig structure, some pictures also of the farm progress. It wasn't like any other Ponzi scheme with unreal promises and no proofs. 5% monthly can be real and he promised to pay the income relative to the investment cost in dollar. Example: if someone invested 1 Bitcoin when the BTC was in $600, he would pay $30 monthly until the end, doesn't matter the BTC price variations.
Offering 5% monthly (assuming simple interest) is the same as offering a 60% return on investment. If you think that's realistic then you're very naive. If I was running a legitimate business I would offer maybe 5%, 10%, or 15% interest and negotiate from there. I would never give someone 60% interest because I'm not a fool with my money.
Obviously the @op isn't either as he just made payments until he had enough 'invested' to run. Sure he has a pig farm. I have no doubt in my mind. But offering 60% return from the beggining is obviously too good to be true. Why not just go to a loan shark? Oh that's right, because when you don't pay back the loan shark you'll have your kneecaps broken.
Let this be a lesson to anyone reading. Even if it's a legitimate business that doesn't mean high returns are still possible. Who's to say he couldn't get a loan from a bank because he's 100k in debt already? Or he has terrible credit because he doesn't pay people back?
Don't you believe someone can offer 5% interest monthly? It's not impossible. 60% YEARLY isn't an absurd amount.
So you 2.5% interest weekly is an absurd too, because on month it will be 10%! And I see some people offering this amount of interest weekly. OP could work the first year just to build his farm and to pay the investors (if he were a honest person), in the second year he could start manking profit for himself, because the investments were already paid.
Sorry, I think naivy is who thinks too small that can't believe 5% monthly interest is very possible and I would say reasonable...
Look what @op offered. Look what people got in return. Greediness led to a huge loss rather than a modest gain. No business can afford a 60% interest rate and if they can, they're in the money laundering business. Case in point though of course is this thread. It was (and still is) unrealistic and naive to think 5% a month is a modest return.
We are talking about animal business. Depending your area, your food supplies, your knowledge and will, you can make this profit (5%) or more monthly. It's not like lend money to banks and earn little profit over it, it's not passive income.
You are working with it, probably all day long, feeding the animals, looking if it's all ok with them.
Once you bought some animals, you don't need to buy more in the future, if you know how to take care them. They will give birth to more animals, and this way, multiplying your animal breeding.
The guy in this thread taking the money from investors would pay interest only for 1 year. The first year is time to build the farm, and not to make profit for himself. Again, he could use their earnings of first year just to pay investors.
You say it's impossible to pay these rates (5%) monthly to someone, but some banks are taking these rates when they lend money to farmers and another people trying to create their businesses. If they can pay the lend tax to banks, OP could pay the investors, his farm could generate enough income to pay everybody... But for some reason it didn't go well. We don't know why, but I'm sure it's not because he had to pay 5% monthly to investors.