Ask Terry Questions Chicken money at 6%???

Chicken money at 6%???

By Terry Savage on May 30, 2017 | Chicken Money

I have $ 57,000 sitting in a Money Market after selling my home.I was looking at Knowles System who are involved in Bridge Loans and giving 6% monthly and guarantees your principal back when you decide to end the 12 ,18, 24 month contract.Actually even higher interest % above a 12 month contract.I know your not in favor of them at one time.And i just wonder after time have you changed your mind?..A financial advisor i went to talk with in my home town was even telling me about another outfit named Woodbridge.Now don't you think he would be putting his reputation on the line by suggestion this form of investment if it wasn't sound?..He even said he had a few clients already in the program.So i'm interested in your feedback as a whole. Thanks, Gary Erie,Pa 16510

Terry Says

This smells like last week's fish!  Don't be a sucker.  Leave your money in the bank.  Or else decide if you're willing to lose it ALL!  Because when this collapses -- and it will -- you will  have little or nothing left!   Remember the mantra of the "chicken money" investor:  "I'm not so concerned about the return ON my money, as I am about the return OF my money!

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