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Reply to @catch22: these guys really got in trouble during he crisis. Defauts were prevalent and many investors lost their principal. I watched this site in 2006/2007, but am happy i never jumped in.
"In the 1990s, Tom Ricketts pioneered the first corporate bonds marketed to individual investors ... In 1999 ABN Amro Bank NV ... consolidate[d] Mr. Ricketts' nascent business into its LaSalle Bank Unit. ... "We quit and started Incapital," Mr. Ricketts says. ... LaSalle ... offers its bonds under the trade name "direct access notes." ... Mr. Ricketts sells his bonds as "Internotes."
Fidelity's term is "Corporate Notes" - you can find the description of its program here. It notes that these bonds typically have survivor's options. Its list of participants is here.
Comments
An Investment I had never heard of before.
You may aware of this "investment". Check the numbers just below the site name, in the blue title bar, towards the left edge.
Alternative Investment
Take care,
Catch
Google-cached article from Crain's Chicago:
"In the 1990s, Tom Ricketts pioneered the first corporate bonds marketed to individual investors ... In 1999 ABN Amro Bank NV ... consolidate[d] Mr. Ricketts' nascent business into its LaSalle Bank Unit. ... "We quit and started Incapital," Mr. Ricketts says. ... LaSalle ... offers its bonds under the trade name "direct access notes." ... Mr. Ricketts sells his bonds as "Internotes."
Fidelity's term is "Corporate Notes" - you can find the description of its program here. It notes that these bonds typically have survivor's options. Its list of participants is here.
Thanks msf,
Learning the terminology is half the process.