is Worthy Bond App a Scam | 5% Interest Rate?

This is a 100% honest review, and if you are already a member, then you need to watch this full video. ????ACORN FREE $5????Link: https://acorns.com/invite/38EYSU
Warning, I’m not affiliated with Worthy Bond app, and neither do I have a code in the description saying download the app so you can get 10 dollars.

Now in this video, we are going to go over the pros and cons of the worthy app and their sec filings, because there are a lot of little details that you might know. For example, how the company has been reporting a loss for the past 2 years and is planning on doing the same this year. So stick around if you want to find out exactly what’s on here,

How does Worthy Bond App work:
Well, it’s an app that lets you invest a minimum of $10 into bonds that are secured up to 2/3 of whomever they are lending money to. They also pay interest on does bonds on a weekly bases. Plus no penalties for removing your money. If you invest with them, all their loans are backed up by liquid assets.

Who is the Target Market for the Worthy Bonds:
– Its 70 million millennials, how do I know because I read their SEC filing documents.

Customer service: (+1-833-967-8491)

1. What is a bond
Financial instrument to buy debt, or provide a company with money for different types of reasons. From Improvements to needing cash to alive during off seasons.
2. What is an accredited investor
1m net-worth, 200k single earning or joint over 300k
3. Penalties
– None, juat a 30 day wait if over 50k being taking out.
4. Interest can I cash out
Yes
5. Limits: Accredited Investors 100k and no accredited investor only 10% of there annual income
Yup.
6. Taxes: 10$ and above will be reported
Yes
7. What happens if they go out of business ( No FDIC or brokerage insurance)
Goodluck.
8. No class actions only arbitrations
To avoid massive lawsuits.
9. Why has the company been losing money for two years
For taxes or they really are loosing money.

Pros and Cons of the Worthy Bond App Online Bank

Pro
– Can add a beneficiary
Con
– No flexibility or no about where the money is going specifically
– Not compound interest just simple interest
– Risk is you don’t know what they are investing into exactly and if it’s a good investment.
– They can pay 5% of your money for 25 years using your money, think about it.
– The fee is that they get the loan or investments and take the difference and only give you 5%. What if the investment is 15% return are you still okay with 5%.
– 0.62% per month to 1.5% (7.44- 18%) and collateral management fees ranging from of 0.5% to 1% per month
– They only have 9 full-time employees and some self employed contractors
– They are still not profitable
– Your buying worthy bonds and that does connect with the borrower
Big problem: Weekly payout, this should be paid quarterly maybe monthly. They are burning through cash
– Alan The executive vice president is also president of Wheelchair Fitness Inc: Gets paid 31k
– Sally, the president, get paid 11k to avoid taxes.
– Significant amounts of over 50k may take up to 30 days to get to your account

Sec Filing:
They might increase from 5% to 6% at any moment
What they Invest in: Loan to manufacture, real estate, wholesaler. Retailers and also. Secured loans to other borrowers,
$4,780,000 they have sold so far and are capped at 50m and only pay around 200 bucks a month interest for it.

Thoughts:
Mission: giving access to the average person to opportunities the government won’t let them have access to. Usually because of the high risk and inexperience of the average person

Liquid takes less than 90 days ( stocks) – Converted into cash
Not liquid could take more 90 days Real estate

The loan amount 2/3 of the collateral value ( they make the bulk of the money if the person defaults)

I want a list of business taking these loans

Do I recommend it?

* PRO TIP*
INFORMATION IS EVERYTHING

Link:
SEC: https://www.sec.gov/Archives/edgar/data/1699834/000155335019000601/wpc_253g2.htm
Important: https://www.sec.gov/Archives/edgar/data/1699834/000155335017001299/wpc_ex3z2.htm

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