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Is this a sound investment, or one that should be avoided?

A friend approached me with an investment opportunity and I would like to know if it sounds legitimate. It involves investing in a company that engages in proprietary trading of international currency, by being a lender to the company. The company guarantees 12 percent or 25 percent of the spread, whichever is greater. As a lender, you are given a 90-day perpetual note that automatically renews. If you choose, you can call in the note at any time, at which time it reverts to a 90-day note. At the end of 90 days you can get all of your money back. If you want to, you can take out any interest you've earned each month. You can view how much interest has been deposited into your account on a daily and monthly basis.You can also participate by rolling over existing IRA accounts to a self-directed IRA company. The trading company is regarded as an institutional account and is approved by the IRA company. If you choose, you can have the monthly interest you earn sent back to your account at the IRA company to make other investments. Does this sound like a legitimate investment opportunity?

Investing, IRAs, International / Global
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November 2018

I would advise to AVOID this type of investment. When it comes to investing, if it sounds "to good to be true" it usually is. There is no "get rich quick" in this industry. There may be a "get poor quick" if you try to take these types of short cuts.

At Aventine Financial Group, LLC or any other Fiduciary, Registered Investment Advisor, and Certified Financial Planner they would not be recommending these types of “speculative” investments. Stick with a Warren Buffett high quality, dividend paying strategy and in the long term you will finish ahead. I wouldrecommend reading The Intelligent Investor to get started.

Frank J. Fiumecaldo, CFP®


Founder & Partner

Aventine Financial Group, LLC

c 848.469.6950 | o 212.269.2512


November 2018
November 2018
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November 2018