School Debenture

[thundacatchergo]

We have been offered a personal debenture for $800,000 which allows us not to have to pay for an annual capital levy of about $28000 per year. This is about 3.5% return. I dont see any reasons to buy one, does anyone see any reasons why buying one is good idea?

 

[diva@tearoom]

from day 1, i have no idea what is all that about!
just an other reason to earn the money for the school!

 

[amitsingh]

We have been offered a personal debenture for $800,000 which allows us not to have to pay for an annual capital levy of about $28000 per year. This is about 3.5% return. I dont see any reasons to buy one, does anyone see any reasons why buying one is good idea?

that's 3.5% you are gonna be down every year. Plus capital levies are subject to change every year (i.e. as in it will rise every year). At least you can sell the debenture on, though be careful to read the terms and conditions of sale and purchase to check there are no admin costs involved in this exchange.