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Updated about 2 years ago,
Investing solo 401k into notes
Trying to recoup some of the losses for my 401k during 2022 by investing that using my self directed solo 401k into notes.
Which I have received a very enticing offer for short term return on small amounts to start and was provided these guarantees when I said it is too good to be true
1. a promissory note with free and clear collateral 2. a jv agreement outlining the terms. 3. we'll use an eNotary like (docusign) so it's signed securely and additionally 4. A Personal Guranty that you can have your attorney hold onto for extra measures.
Any idea or comments for this type of style of investment, anything to watch for ? Plus I have the paperwork of this company ??
Thanks
Ehab