You should immediately fire any financial advisor who recommends you invest in Payphones that pay 14%!. There is no free lunch - guaranteed 14%? - heck, if this was the case, everyone else would have already bought all of the availabe investments, leaving you with no opportunity to buy them. The only thing you buy with 14% guaranteed return is extremely high risk. Junk bonds pay 8-15% exactly because they are that - and likely to fail, leaving you with nothing. Would you buy these if there was a 50/50 chance of losing everything? That is what the 14% interest is telling you - you can buy 100% guaranteed CDs paying about 7% now. Or you can buy some 14% investments with 50% chance of 14% return, 50% chance of zero return. That averages out to 7% return. I'd sleep a lot better knowing I have a 100% chance of getting my money back. Only if you bought many 14% investments (to spread the risk - needing about 20 different ones), would you even think of taking on this much risk. And you aren't even getting a 'premium' for the risk you are taking. If interest rates rise, your principal may drop. Run, as fast as you can, to another financial advisor!