Talk of The Villages Florida - View Single Post - Need help for my parents they have GWG L Bonds with Michael Whitaker and Associates
View Single Post
 
Old 05-31-2023, 02:12 PM
SallyB SallyB is offline
Member
Join Date: Mar 2023
Posts: 82
Thanks: 150
Thanked 41 Times in 25 Posts
Default

Quote:
Originally Posted by justjim View Post
Almost everyone has lost money in the markets. I’ve no dog is this fight but advise
not to put all your money in one basket. Just saying.
This was not money lost in the market. This is a non-publicly traded alternative that was sold "as safe as a bond or mutual fund". The risk was sold as a high-risk investment as SEC has stated it is.