Demand Note Dud
Eric wonders if a demand note is a good investment. Dave laughs at this one.
QUESTION: Eric’s parents asked him about demand notes from GMAC. Does Dave know anything about them in terms of using them to diversify their investment portfolio? Dave has a good laugh with the absurdity of this.
ANSWER: A note is a debt. Would you like General Motors owing you money now? Whoever is pitching this to them, your parents need to run away! This sounds like a financial planner on crack. No way I’m doing this deal. No, no, no, no!