Because someone is wealthy doesn't necessarily mean they are smart. When a much higher interest/dividends above market norms is being marketed to them, the first question should have been, What are the associated risks to achieve these higher payouts? Does the prospectus or similar documents lay this out? If they are using a financial advisor, a crap shoot to be sure, did the advisor explain the risks/rewards to the client? It always amazes me how people get sucked into very bad investments without a comprehensive review. A fool and his money are soon parted.
The panic is on. I watched the YouTube video this morning. What you're reporting is only just the beginning. These rabbits will do everything they can now to find a way to get their money out of these private equity accounts. Once the run starts, it will soon turn into chaos as more and more will also want to get their money out. I'll be watching this very carefully to see if any banks start seeing large runs from people panicking.
need written in contact. one month to 5 years redemptions time period . with fine's for early withdrawal.. credit need rules . mortgage payment is death payment as credit risk is needed for people supply the money. since not printed like banks out of nothing...it real lending services.something given something risk real banking .
because a loan is time payment .lose the future interest payments. so redeem thier money lose future interest rate payments..so the exchange has to fine the early people who remove their capital . it's the only reasonable solution .
Because someone is wealthy doesn't necessarily mean they are smart. When a much higher interest/dividends above market norms is being marketed to them, the first question should have been, What are the associated risks to achieve these higher payouts? Does the prospectus or similar documents lay this out? If they are using a financial advisor, a crap shoot to be sure, did the advisor explain the risks/rewards to the client? It always amazes me how people get sucked into very bad investments without a comprehensive review. A fool and his money are soon parted.
"Because someone is wealthy doesn't necessarily mean they are smart."
Absolutely. The main traits for gaining wealth are rapaciousness, megalomania, and lack of integrity. Intelligence plays a minor role.
The panic is on. I watched the YouTube video this morning. What you're reporting is only just the beginning. These rabbits will do everything they can now to find a way to get their money out of these private equity accounts. Once the run starts, it will soon turn into chaos as more and more will also want to get their money out. I'll be watching this very carefully to see if any banks start seeing large runs from people panicking.
need written in contact. one month to 5 years redemptions time period . with fine's for early withdrawal.. credit need rules . mortgage payment is death payment as credit risk is needed for people supply the money. since not printed like banks out of nothing...it real lending services.something given something risk real banking .
sell the loan . credit so lose interest
because a loan is time payment .lose the future interest payments. so redeem thier money lose future interest rate payments..so the exchange has to fine the early people who remove their capital . it's the only reasonable solution .
With the panic, those loans cannot be sold. That's part of the problem; they are illiquid by nature.