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re: What to do with $250K

Posted on 9/24/18 at 12:24 am to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89787 posts
Posted on 9/24/18 at 12:24 am to
quote:

Yes it’s a net 10% Annualized Simple Interest. The fund makes a net 50-55% and that’s why they are able to pay 10%. They have a 5 year fund that pays 15%, but I just chose the 3 year fund at 10% per year.
It is an unsecured loan/investment, but it is diversified in Real Estate, Oil and Gas, Distressed Debt, and Business Loans. It has some similarities (with diversification) like a mutual fund.
It is rated as a low risk income/growth investment. I’m a creditor if this company.



I don't want to offend you, but all of this sounds sketchy and ponzi-ish as frick. With all due respect.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73731 posts
Posted on 9/24/18 at 12:32 pm to
quote:

I don't want to offend you, but all of this sounds sketchy and ponzi-ish as frick. With all due respect.




that is why i wanted him to elaborate more. i am not crazy about unsecured

sounds something like this
Posted by player711
Member since Jun 2006
285 posts
Posted on 9/25/18 at 6:53 pm to
No offense-I’ve been doing this for 10 years. It’s real deal.
If you’ve never heard of it-great, but don’t judge it into you are educated.
If not, all you can rely on is hear say, ignorance, and what you know/don’t know.???
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