Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hello All

Intriguing pick. I like the opporunity to have a steady income stream from something like this. My question is, dumb as it may be, what eventually happens to the debt instrument that I purchase and approximately when does it happen? Will this debt be purchased from me by Mid-American when it matures? To sum up, I get a steady 9% or so quarterly interest payment until this instrument matures and then I sell it for a bit more than I paid for it. Right?

Thanks for any help you can give with my question.

Frank
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.