gmac bonds bankruptcy
what to do with gmac bonds?
my financial advisor gave me bad advise 5 years ago and had me put my life savings in a GMAC bond. Since, I have been very stressed as you can imagine. Is today the time to sell losing 15 cents on $1? The bond also pays June 1st as GM will likely file bankruptcy. Should I wait until June 2 or sell now? Im ready to pull the trigger today!
Everything points to a GM filing BK Ch11 on June 1st.
That being said, cut your losses now and don’t want until the 1st.
