Hi All,
was looking at BRW and saw an ‘Ad’ for Bridgecorp debentures at 8.5% P.A fixed for 2 yrs, think they offered a higher rate for over $100k invested..
In a climate such as we are approaching with + geared property getting harder to source, are deals such as this an option untill the wind changes ??
Interested in your responses, especially those in the financial industry..
[^] or [V]
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Hi Redwing,
in the current climate it is wise to look at other options – the doom and gloom sayers are hard at work in the market but some of the advise that is coming through is the same as always – spread your risk and use of vehicle will the property market steadies and then take another run at it
cheers,
bluecatDo today what you want to do tomorrow
Redwing, what security ranking do these deventures have.
Are they secured , unsecured ?
Anyway, why tie up your money as it will be locked in for a period. it isn’t a 1 day notice situation I would think.
Wouldn’t you prefer to have immediate access to your money to pick up a bargain that may pop up ?
Pisces
All they are doing is lending it to somebody as a mortage at a very high rate so in effect you are still exposed to the property market …albeit with somebody eles’s equity under you (maybe not much) and in a pooled portfolio.
Yes many of these debenture lock you in for a long term.
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