Should I buy Mortgage-Backed Securities?
This guy from the bank says they’re 100% safe, because house prices always go up. They’re also really diversified, so even if a few people default I’m still ok. They even have AAA ratings from S&P. I don’t really understand how they work, but I can’t really ask him because he doesn’t either. But Lehman Brothers and Bear Stearns and Wachovia seem on board, so how bad can it be?
So should I put all my life savings in this stuff?
u/BennySinc — 26 days ago