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Originally Posted by dhsmith
We started investing with Whitaker about 8 years ago and have made a lot on money since then.Yes we bought GWG bonds back in 2017 and for about five years they were great and we made money. The last 18 months the gravey train stopped.So far we have not lost any money and won’t know what if any lost will occur until the Federal Bankruptcy Court rules on the recommendation of the committee.We may not lose any money and will to receive repayment over several years hopefully that happens.
I’m 75 years old and listened to the sells pitch and I alone made the decision to invest $130000.00 over 5 years in GWG L Bonds.All investments aren’t home runs you hope they are but you have to take the good with the bad and hope it balances out in the end.
What I really dislike is people who won’t take responsibility for their actions and want to blame everyone else for the decisions that they have made, unfortunately this has become norm in the last 20 or 30 years to cry and wine when things don’t don’t go as planned.
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How much money did you make in 5 years or so? Enough to cover the $130,000 investment? If there is any payout it will be over many years and you may not get all of your principal and certainly no interest back. Please do not lecture the rest of us that may not be able to afford the losses.