kira-red
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- kira "red" star-rigger
Beki said:To quote Kira-red if I may
kira-red said:people, one does not invest in EU. investments have a guaranteed return - like a secured bond. what you are doing is speculating. these are two different things.
All I will say to that is ENDOWMENT MORTGAGES...... they were investments when people bought into them.......
pffft...
an endowment mortgage is most certainly not an investment. the endowment rider is normally rooted in stock market speculation. I would go so far as to say that it might be consider a form of gambling.
in my mind, it's certainly a form of a scam. people tend to over-buy because they think the rider is going to "cover" the mortgage. when a shortfall occurs because the market didn't perform as expected, they're left to come up with the cash. I certainly wouldn't want to be running my finances this way.