Has anyone ever heard about ESANDA. What is the risk of putting our money (about 10.000) in ESANDA. They said it is safe because ESANDA is under ANZ bank in AUSTRALIA. However, what is the actual chance for me to lose my money in investing money in ESANDA debenture stock?? THX
2006-11-12 23:37:10 · 4 answers · asked by speedy 1 in Business & Finance ➔ Investing
Contrary to 99% of the things mentioned on Y!Answers, Esanda is legitimate and, yes, it is part of the ANZ Banking group.
However, the Esanda fixed debentures are not stocks. They are fixed income deposits.
The chances of you losing your money is very low. However, you need to be an Australian resident to invest in these investments. They will not accept overseas investments.
2006-11-13 02:11:53 · answer #1 · answered by csanda 6 · 0⤊ 0⤋
Esanda is legit (http://www.esanda.com/). They are part of ANZ, but they are not guaranteed by ANZ. eg if they go bust, ANZ will not bail you out!
Their rates are better than a term deposit, although you will find some internet accounts with the big banks are nearly as good. Like every investment, higher returns always mean higher risk. It is higher risk than a deposit with a bank, but the interest rate is slightly better, but is not as risky as an investment offering 10% or more.
Have a look at their web site to get an understanding about the sorts of things that they lend money for and make your own assessment, since at the end of the day such judgements are individual. If it makes sense and you feel comfortable with the risk, invest. If you don't understand what the company that you are considering investing in does, then don't.
2006-11-13 14:23:02 · answer #2 · answered by eco101 3 · 0⤊ 0⤋
Esanda Anz
2016-12-16 09:16:29 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Anz Esanda
2016-10-05 10:38:45 · answer #4 · answered by ? 4 · 0⤊ 0⤋