Phoenix Capital Group Investment review: is the return worth the oil & gas risk?
I've been looking at Phoenix Capital Group and they're offering 3-year bonds with around 9% annual returns. I've heard they're BBB accredited with a 4.89 rating and been around since 2001. I've also heard they're owned by an FDIC-insured bank. I'm wondering if the high returns are worth the risk.
The thing that concerns me is that I've heard mixed reviews about their brokers. I've heard that oil & gas investments are higher risk than traditional savings. I'm also wondering if 9% is too good to be true. I'm trying to figure out if Phoenix Capital Group is a legitimate opportunity or if I should stick with safer options.
Should I trust Phoenix Capital Group? What about the oil & gas sector risk? Have you invested with them? What worked? Would you recommend it? Is it better than HYSA? Should I diversify? I'd appreciate advice about Phoenix Capital Group.