I listen to internet radio and one of the ads they run is for InvestYrefy. The thing that catches my ear is that they tag the ad with possible 10.25% returns.
If the return is so good, why do they need to advertise to general public? That is the red flag to me. They should have plenty of investment pools looking to buy into these returns.
So it’s a crowd funding platform for buying non-performing private student loans. Not my cup of tea…
Oh this sounds like a total POS !
Like a Student Loan Collateralized Debt Obligation? Now THERE’S and idea! Where can I find a Credit Default Swap to insure my gains for such a great investment?
I catch this radio ad on KFNN. Years ago, they had real estate guys on yelling at the radio about how people are idiots for not jumping on house flipping or some such. That was 2008.
Thing is, if something is being advertised as having some edge or great investment potential, why share it with others? Smart money knows to find this stuff if it is good.
I’ve read that being angry is better way to approach investing. In other words, a scorched earth view that exotic stuff is garbage and everyone is trying to get your money. We can think back the past 25 plus years and remember all the once in a lifetime opportunity pitches that were thrown at retail investors and some investment whale groups.
I think we are not out of fad investment trends or sure thing schemes. Stuff just getting started now that in a few years will be sold to everyone as a get-rich quick sensation.
Since every asset class is cyclical, at different moments in time everything will be shilled to the max using emotional manipulation to fools who are there to be seperated from their money. In 1980, 2011 it was gold. Not so much anymore. Those days will come again. I bought in between $1050 and $1300. It’s $1876 now. You have to buy when it feels stupid and its painful.
If we have a protracted bear market in US equities, after the real capitulation comes no one will want them… that will be the time to buy.
You have to counter-trend to the nonsense.
Think twice… Does anyone know how Wilbur Ross made his Billions and became the Secretary of Commerse? Non-performing Loans…
If you never worked in the loan default industry ( Work-out), there is more money there with less risk than you think… Just good managers doing the right and legal things. These guys are a retail work-out team (backed by Apall Ventures) collecting $.40 on the dollar in the Trillion $ SLP). They get $.30, you get $.10. Not unusual in the underperforming loan business.
The days of 10% yeilds are long-gone. If you don’t have the money to lose stay away. If you do, you can take your 10% and place it for a year while things get “worked-out” in the stock, bond, and currency markets.
Oh, and BTW: They are not croud-funding. They are avoiding the Wall-Street “Deal-Tax” and paying $0.22 per 1000 people hearing Clark Howard, Dave Ramsey, to use them to get out of your student debt.
Today, they are on their 4th trache is seven years.
Backed by Apollo Ventures