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Anyone Heard Anything About Wesleyan Investment Foundation

Saturday, February 27, 2010 - 12:49 PM
Anyone heard anything about Wesleyan Investment Foundation?  They are paying 2.5% up to $4999 and 3% on $5000 - 34999 -- it is not FDIC insured, but maybe worth looking at?
4
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,951
1. Saturday, February 27, 2010 - 2:41 PM
Re Kathy #221. I just looked at the Web site. Still not clear to me just what kind of investment that is -- seems to be some sort of mortgage-backed securities. But regardless, it does not appear that it would be any safer than bonds in a particular company. And bonds will yield you more than Wesleyan's current savings rate. And frankly, I'm not sure it is even as safe as bonds. I'm not sure they will be getting even the inadequate oversight that bond -- or most mortgage -- issuers get.

If you don't mind giving up the safety of FDIC and NCUA accounts, there are plenty of other opportunities for the 3% or more that Wesleyan is offering.

Further, many people would want to consider that it is strictly to support the Wesleyan church.
6
me1004me1004373 posts since
Jan 16, 2010
Rep Points: 2,597
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