When you loan money to someone with the promise of a good interest return, is that considered as investment?

If I loan some money to a company like Minvestment, which would give me a fairly good return in interest, can I declare this as money invested like I would for mutual funds for example?

When you loan money to someone with the promise of a good interest return, is that considered as investment?
If you invest money with Minvestment you can declare it as a loss when you lose all your money. The site looks like a scam to me. They are offering over 2% interest a day. (not 2% a year, 2% a day) No one can honestly offer rates that high.





However, hypothetically, if they were not a scam, you would consider it an investment. The interest would be reported on your taxes as interest income.
Reply:yes, it is.
Reply:Yes, it is an investment. an investment is a vehicle that enables you to have your money earn more money. Whether you put money in a savings account to earn 2% interest or in a personal note receivable that earns 6% interest, you have investment money in order to earn income. If the investment is risky, the return is higher to compensate for the risk.
Reply:yes. interest income from loans is an investment.

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