Discussion in 'The Pub' started by sleshnyc, Apr 19, 2016.
The guy told me they were safe. Anyone else do this?
Were you on the street uptown? And was the guy respectable looking?
Did the sales pitch begin with "Pssst...buddy"?
Ha. The irony.
Yeah, I did not read very closely before responding.
That guy doesn't know much...
These are likely foreign euro (Greek?) debt with substantial risks. They are also not generally considered for retirement accounts. Better do your own research my friend.
where do you come up with that?
I used a reverse mortgage to pay off my existing mortgage
You're having a laugh, right? (I hope)
By eliminating the fact the US doesn't offer perpetual zeros.
what's wrong with them, specifically.
I see. Can you tell me who does?
I would imagine zero percent returns in perpetuity probably comes with a 100% discount of par value?
There's no "wrong" investment per say. Only the wrong "investor" for a given investment.
The topic is pretty deep on these. Without knowledge of your full financial needs, this isn't the place to get answers I'm sorry.
Basically, if you were "sold" this investment without a full financial plan and complete disclosure of the underlying risks, you were likely duped.
Many foreign banks and governments.
that's why I bought so many. They were a very low price.
i'll give you $100 if you can find me one foreign bank or government that issued a 0 coupon perp.
A Google search is cheaper and faster
Gents, deconstruct the concept. A zero coupon is purchased at a discount to face value and this determines the effective interest rate upon maturity when the face value is paid out. A perpetual bond, and they do exist, never matures but just keeps paying interest. So this would be a bond that pays nothing forever...hence why I'd want a 100% discount of par.
my offer stands. this post was a test and proved me right. People talk like they know what they are talking about when in fact, they have absolutely no idea. Think about the cash flows from a 0 coupon perp bond. if you can. Leave the investing to real pros.
Give the money to charity please