PRESS RELEASE: Statement of Condition
Updated: May 21, 2020
As April 2020
Dear Valued Investors,
Let us begin by thanking you for your patience as we put together our most accurate Statement of Condition as of April 30th, 2020. Strategic Legacy Investment Group, Inc. and Its Subsidiaries are a well-capitalized and strong financial investment institution having over five decades of experience combined from the Financial Industry in Private and Public sectors, Commercial Real Estate Development, Value-Add, and Acquisitions. We have maintained a disciplined approach in continued investment in Commercial Real Estate, which is the most effective and powerful asset class to invest in.
In these unforeseen times, most investors seek to preserve capital in money market accounts that mature in 270 days or less. These money markets invest only in highly liquid near-term instruments such as U.S. Treasuries, and they normally offer high liquidity with very low risk. However, as stated in “Cash Havens With $4.8 Trillion Fret Unthinkable Negative Returns” article from Bloomberg.com*, they are not so safe in a zero interest-rate environment. The two giants of the industry Vanguard and Fidelity have “soft closed” to new investors. Meaning, in order to preserve returns for their current investors with challenges in yields drifting near zero to negative returns.
What makes us so different, secure, and unique?
The combined experience of Mr. Sabet who has rode the waves, learned, and succeeded in three different recessions, Michael Sabet in his expertise in development and acquisitions, and myself who has deep knowledge, experience, and expertise of private and public sectors in the financial industry; built Strategic Legacy Investment Group, Inc. Based on our current portfolio and strategic location of assets, we have put ourselves in a strong and safe position to weather the storm in any economic downturn. We have created a safe haven for our investors to invest and preserve capital, backed by our real estate portfolio. In comparison to other money market accounts with negative returns, CD’s, and other investment vehicles, our Promissory Notes remain the most lucrative option in the current economic environment.
We look forward to seeing and speaking with you in person soon. Stay Safe and Healthy.
We thank you for your business and continued trust in us.