I was innocently reading my Sunday Telegraph yesterday when I came across a brilliant offer. Renewable Energy Bonds paying an A.E.R. of 8%! Wow! Then I read the small print. Woe!
The bonds can’t be traded and they can’t be redeemed for at least 4 years. Worse, the company offers no guarantee that it will ever pay any interest. Even worse, the company doesn’t even have to give you your money back. And they call it an “ethical investment”.
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