Investing in a government project

Interis

Registered Member
#1
My local public bank offered a chance to invest in a government project. I have to put in at least USD $10k and I can't take it out for 3 years. The interest will go straight into my account every 3 months. The project group has been operating for a while and I haven't heard anything bad about them, but the big number scares me.

What would be the ideal approach for this kind of opportunity?
 

MiketheGrinder

Registered Member
#2
Did you wind up trying this, Interis? It does sound like a lot of money to invest, but the timetable isn't long. I'm curious about what interest you'd get for loaning your money to the project.
 

Interis

Registered Member
#3
Did you wind up trying this, Interis? It does sound like a lot of money to invest, but the timetable isn't long. I'm curious about what interest you'd get for loaning your money to the project.
I decided to refuse the offer. It was a big sum and I didn't have that much emergency fund. Three years is quite a long time frame for weird things to happen and not being able to pull out the money when I really need it scares me. The interest was 7.5% a year. Not a bad investment, but again back to the base amount and my emergency fund.
 
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