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ISF debenture

  1. #1
    wasabibunny's Avatar
    wasabibunny is offline Registered User
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    ISF debenture

    Hi mommies,

    Please help. What is the market rate for ISF debentures and is it worth it? What are the chances of my son getting into ISF without a debenture? Your experiences welcomed!

  2. #2
    rani's Avatar
    rani is offline Administrator
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    WB,

    I think its currently at $5mil
    Founder of GeoBaby.Com

  3. #3
    Obiwan is offline Registered User
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    A friend has a debenture but the child didn't get in. He has put it up for sale at 5.5.

  4. #4
    evgreen is offline Registered User
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    Quote Originally Posted by Obiwan View Post
    A friend has a debenture but the child didn't get in. He has put it up for sale at 5.5.
    wow amazing. note to self, "debentures are a waste of moolah."

  5. #5
    smglobal is offline Registered User
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    To evgreen - don't feel too bad for him, chances are, that guy bought the debenture when it cost "only" $3M, and has made some money! :P

  6. #6
    charade is offline Registered User
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    But why would anyone buy it if the person's child didn't get in with it?

  7. #7
    Editor is offline Administrator
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    Charade with a debenture you can "jump the queue". However, your child does have to pass the school's admission test first.

    People will buy debentures and keep them until their child is ready for school. It is a bit of risk, but at the same time debentures appreciate and you can make a fair bit of money if you end selling it.

  8. #8
    charade is offline Registered User
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    Ah get it.

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