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I have heard and seen many commercials for YRefy.
Is anyone familiar with the company or invested in it?
Our investments are all in stock index funds but we do have extra monies that I’d be willing to invest in something with a higher return than it money market accounts
LH, I’m not really fluent in stock speak, but a quick AI search turned up a summary that included the following:
Investor concerns: There have been allegations and complaints regarding Yrefy’s investment opportunities, including concerns about misrepresentation of collateralization and potential issues with their business model. A notable instance includes a fine of $2.1 million from the State of Massachusetts for deceptive ads related to their investment offerings, according to Law360.
Thank, Dan. I did a Google Gemini search and read that some are great it could turn into a ponzi scam, paying the first investors with the newer investors monies
I hope some HD readers with money in YRefy comment with their experiences
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