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Chit Chat
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26 Nov 14
07:47
Joined:
Date Joined:
29 Aug 06
Does anyone know about this
http://www.ipm.fm/providence-bonds-plc/?gclid=CJ_6stjhl8ICFVDKtAodo3oA1Q
what is the risk ? is this a safe investment and who really is this company ,a lot of stuff to read can anyone on here cut to the chase ,,yes/no TIA
seems a fair return but what is the downside other than money being tied up ?
please no spam chaps
http://www.ipm.fm/providence-bonds-plc/?gclid=CJ_6stjhl8ICFVDKtAodo3oA1Q
what is the risk ? is this a safe investment and who really is this company ,a lot of stuff to read can anyone on here cut to the chase ,,yes/no TIA
seems a fair return but what is the downside other than money being tied up ?
please no spam chaps
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There is no guarantee that you
will get all your money back, or all outstanding interest, if the Company or the Guarantor becomes insolvent. Providence Bonds are not protected against loss by the Financial Services Compensation Scheme. what exactly are you investing in here ? and who is the Guarantor ? seems to good to be true and sounds like a flagging insurance company needing some more chickens to prop the failing pansy scheemers up but am a cynical cant ,8.25 when you cant get half that elsewhere ....a need chit chats finest financial wizards on such things ,as long as the munee is invested in the arms/drugs trade am fine with it but doubt anything else would deliver . |
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The higher the interest the higher the risk.
If the investment was safe they would be flooded with investors. That's all you need to know. This one operates like this: The company buys the invoices of companies that are owed money at reduced rates. For example they buy a £100,000 debt for £90,000. They then have to chase the original £100,000 from the company that owes the money. The risks are obvious. |
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avoid
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