Bank notes
Can you please explain what are bank notes, that many on the Saturday morning radio shows
keep pushing? They claim you can’t lose money unless the markets they follow go down 30% and
are backed by all the major banks . I always listen to you on WGN and read all your info on your website.
I am 63YRS old, had to retire due to health reasons and have a million in my federal TSP account. Not looking to make
a killing, just some conservative growth and above inflation interest/ earnings. Thank you very much for
taking the time to read and answer my question
Terry Says
OMG– I have no idea what specific product you’re referring to — but I’m willing to bet that it is far riskier than you think!! Someone is trying to sell you something and will be long gone by the time you confront the losses!!
Since you’re already retired at age 63, and have substantial assets, you have become a “sitting duck”, a target for these kinds of pitches.
PLEASE read this link to be matched with a fiduciary financial advisor you can trust — someone who is not making commissions by selling you something you don’t need!
Set up a couple of meetings. Trust your gut. Feel free to write back to me with any questions. In the meantime, do NOT move your money from the TSP!!
