Question on Worthy Bonds.
What are your thoughts on keeping money invested with Worthy Bonds. I took over my parents investments and was looking for something that was “safe” and produced for that .25 percent interest. I placed 50K under their(parents) trust and 50K under my mothers name personally. Last week I cashed out the 50K and over the past 4 years the account generated $11,500 in interest. I recently saw they were being audited by the SEC and some people were have issues with taking out their investment and interest earned. I was going to take the money cashed out and re-invest into the Worthy account under the trust. But after reading some of the hype on line I parked it in a High interest savings account(4.3%). I am debating to take out the other money(Under the trust) from the account.
Terry Says
Please let me keep you from making a terrible mistake!
You should be investing in short term US Government Treasury Bill. Read this:
https://www.terrysavage.com/t-bills-beat-cds-2/
These Worthy “bonds” are uninsured, junk bonds. At least the US government can “print” the money to pay you. Not so with this pyramid scheme.
