Quote:
Originally Posted by retiredguy123
The L bonds were initially offered on December 1, 2017. The prospectus clearly stated that the bonds were speculative and subject to a "high degree of risk". Here are the advertised interest rates from the prospectus:
2 years, 5.5 percent
3 years, 6.25 percent
5 years, 7.5 percent
7 years, 8.5 percent
Whenever I invest a large amount of money, I always read the prospectus before investing, and do not rely on verbal statements from a commission based financial advisor.
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So, he was selling individual junk bonds? He should have at least offered a high yield bond fund as an alternative.