Quote from @Chris Seveney:
Quote from @Marie B.:
Quote from @Travis Hibbard:
I've recently decided to invest in Norada notes through my SDIRA. It is my 2nd time investing in notes but my first with Norada and through an SDIRA. So far so good and Marco who runs Norada has been extremely punctual and helpful as i've navigated next steps. I will keep everyone posted as I move forward but so far everything has been a 10/10!
Hey Travis, How has your experience with Norada investing been? I'm considering investing with them and I'm be interested in how your experience has gone so far.
I have not invested with Norado, but since someone said it is unsecured here is my question pertaining to secured vs unsecured:
1. How much are you considering investing? Reason I ask this is I am curious how people value risk?
For example, if you are in a secured position and invest $25k and can get 10% per year at $2500 or you can get 15% unsecured which is $3750, are people willing to risk the extra $1,250 a year where you could lose all of your $25,000 investment compared to being secured where chance of losing it all I would view as astronomically lower?
At what point does that risk outweigh the gain?
Note: this is an overall question and not forming any opinions on any entity named in this post.
I haven't invested with them yet. I've met with my financial advisor (for money in stocks/bonds) and they talk about different levels of risk and diversifying funds. My thought process is, if I take $50K and put it towards Norada that $50K is being put to work more aggressively compared to other money that is in more conservative investments. Also, my understanding is that if they aren't able to make payments (e.g., say they all get abducted by aliens or some other very extreme event that would cause a default) then you gain the amount you've invested (or potentially greater) in equity in the company so there is some security. For me, I would probably start with investing $50K with them and see how that goes and then maybe move up to $100K. They also have the option of 3 years. Which is nice since 5 years can feel like a long time to some people.