Can someone who fell for the 7%+ return explain which part you got tricked by? Was it just not registering as red flag to offer such a high, risk free rate? Or did you believe it wasn’t risk free, but thought the risk of it turning into this situation too low/zero?
How much of the decision was based on using the claimed FDIC insurance as a limiter on the downside risk?
I don’t mean any antagonism by these questions, I’m personally curious what is the thought process to get involved with this investment option.
How much of the decision was based on using the claimed FDIC insurance as a limiter on the downside risk?
I don’t mean any antagonism by these questions, I’m personally curious what is the thought process to get involved with this investment option.