Can investment be done with trust only?

[kirubel]

On the online world the biggest problem of investment is finding a trusted platforms to invest our moneys and it is very hard to trust any platform with out money, but on the offline world we see some many investors invest their money without any agreement and with out any signed proof of investment they invest money in their friends business and even invest with some one they used to know but they invest their money without any worry.
Do you think investing without any agreement and only with trust each other is a right thing to do?

 

[cherry123]

Nope, trust can be broken I have seen this happen many times. it Is to get an agreement in place and follow it through

 

[Stardom22]

For me l think investors should do their homework very diligently before making any decision on their investments ventures.

 

[SHAHID987]

Mostly people suffer when they invest money only on trust. They need to signed paperwork and so many other kind of agreement are required. I have seen complains of many people those who lost their money when they invest without paper work.

 

[Fidelia]

It is stupidity to invest in a scheme without any formal agreements signed. That risk is really not worth it by any stretch of the imagination.

 

[Suba]

In the world of online investment, we have to choose an official investment platform and be registered with the government, or we can also invest digital gold in government-owned institutions such as pawnshops, whereas in offline investment, such as with friends or relatives, it is not a genuine form of investment but is a form of capital assistance and the amount is not big.

 

[nomad]

You will have to see if the investment platform is legal entity or not, if it has a physical office or not, and if the returns are realistic or not

 

[bestwriter]

You need to first study the trend on how investment in a particular instrument has progressed. Later comes trust.

 

[Etini Willie]

I don't think that a sane person can just do gentleman agreement with investments. Even if you are buying stocks from banks, there are agreements signed before.

 

[freelancermaria]

While trust is an essential part of any investment, it is not enough on its own to ensure success. Trust can be broken, which is why have a signed agreement or contract in place to safeguard your interests.

 

[Shavkat]

I think we also need to know if they are legit or not. We can trust anyone without knowing the essential information of a particular business or transaction in investing.