Is a Hedge fund truly safe?
A Certified Financial Adviser has approached me about doing a Hedge fund. He says I would get 3% interest every month, much better than 3% a year.
You would get 36 % return over a year, if I understand right. It sounds too good to be true. He said it is a fixed interest rate and no risk to my money. I am new to investing and don’t want to do the wrong thing.
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about 11 months ago
a 36% return is a high risk investment.
about 11 months ago
Hedge funds are inherently not safe. A 36% annual rate of return is not safe.
about 11 months ago
A hedge fund is not ‘safe’ and no one reputable would tell you that.
A 36% return means the investment is not ‘safe’ and no one reputable would tell you that.
A fixed interest rate means that it isn’t a hedge fund.
This CFA is lying to you. Hopefully (for the profession) he may also be lying about being a CFA.
about 11 months ago
You are being misled. What he’s doing is against the law & morally corupt. He should be reported to the SEC. This is a serious scam. He can (should) go to jail for this.
Go to a several national well known brokers and see their reactions.
Good brokers to check out;
Edward Jones
UBS
Merrill Lynch
or better yet (and easier)… call Charles Schwab & tell them what you’ve been offered….. ask them if they have something similar;
866-855-9102 7 days a week, 24hrs a day.
(Charles Schwab is one of the largest investing companies in the USA)
about 11 months ago
It is strictly illegal for an investment advisor to promise you a return.
about 11 months ago
Anyone that promises you that type of return is not to be trusted. Don’t give that peson 1 cent of your money.