Updated almost 2 years ago on . Most recent reply
ConnectInvest passive note fund questions
Hi all,
I have recently started listening to BP podcast and reading many of the books on the website. I keep hearing ads about ConnectInvest for passive note fund investing. They offer 7.5%, 8%, and 9% funds at 6, 12, 24 months I think.
I have looked through the Offering Circular and it states (contradictory to what they state on the website) that the notes "are not secured by any collateral and are not guaranteed...[]".
Something else I noticed on the first page of Offering is "The notes are being offered until the earliest of...[] December 31 2024, which may be extended in our sole discretion, or the date on which we terminate the Offering." This doesn't somehow mean that they are going to stop paying the notes after 12/31/2024, right...?
Overall, I feel like if it's being advertised by BP, it should be somewhat safe, but I also realize I shouldn't believe all ads. Do a lot of people on BP have experience with this? Is any due dilligence done on these companies being advertised on BP?
Would love to hear opinions.
Thank you!!