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Where To Put It?, Need help banking 20k |
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 Jun 19 2006, 12:58 PM
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Group: Member
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Joined: 28-March 06
Member No.: 42,571
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(its a re-post b/c I didnt know where to place it so I cold get the best answers)
Hey everyone
Me and my wife have 20k we would liek to place somewhere where there is 0% risk, and we can make some nice interest off that sum. Currently it is in a Wachovia Money Markey making a measley 3.33% a year. I am not familiar with mutual funds and how they work and if there is a risk. Any guidance is greatly appreciated!
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Jul 7 2006, 10:01 PM
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New MoneyMaker
Group: Member
Posts: 8
Joined: 26-March 06
From: Singapore
Member No.: 41,898
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0% risk??? It's best to keep it at home.
Else all investments carry a certain risks. It matters only wat type of risks you decide to take.
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Jul 19 2006, 10:51 AM
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Group: Member
Posts: 625
Joined: 14-July 06
Member No.: 62,602
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Panama Bank Account, the account is insured for upto $40k and you make 12% per year 
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Jul 19 2006, 09:16 PM
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Group: Member
Posts: 2,388
Joined: 4-July 05
From: Ray-Earth
Member No.: 5,987
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QUOTE(yakskywalker3 @ Jun 20 2006, 03:58 AM) [snapback]2333879[/snapback]
(its a re-post b/c I didnt know where to place it so I cold get the best answers)
Hey everyone
Me and my wife have 20k we would liek to place somewhere where there is 0% risk, and we can make some nice interest off that sum. Currently it is in a Wachovia Money Markey making a measley 3.33% a year. I am not familiar with mutual funds and how they work and if there is a risk. Any guidance is greatly appreciated!
Put in my bank account. I am sure there is no risk involved. 
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Jul 22 2006, 06:32 AM
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Group: Member
Posts: 305
Joined: 4-March 06
From: Australia (I feel proud to be under the RBA :P)
Member No.: 35,688
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Government Bonds. Domestic or Sovereign.
Contains virtually minimal risk, with an Average in Australia 5.8% yields (2yr) and 5.08% in US (2yr). Basically the governing body (economically) owes you, since it is ur debtor.
Another Form of being a Debtor, is with Debentures, its a bit like stocks. It's another form of raising capital for businesses, and it is secured. It is with relatively low risk.
This post has been edited by AppleXY: Jul 22 2006, 06:40 AM
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--Victorian Certificate of Education in Progress--
Ill be b bak in 2008 :)
Goal(ENTER, Univeristy Admissions Index): 97+
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Jul 24 2006, 03:12 AM
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Group: Member
Posts: 216
Joined: 28-March 06
Member No.: 42,571
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QUOTE(goldxtrade @ Jul 19 2006, 02:51 PM) [snapback]2494055[/snapback] Panama Bank Account, the account is insured for upto $40k and you make 12% per year sounds interesting, you or anyone else have more info on this?
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Jul 24 2006, 05:03 AM
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Has anyone else tried it?
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Jul 24 2006, 08:43 AM
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Group: Member
Posts: 625
Joined: 14-July 06
Member No.: 62,602
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If you'd like more info on these programs (12% per year), I can discuss it with you just send me a PM
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Aug 14 2006, 10:41 PM
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Group: Member
Posts: 426
Joined: 24-January 06
From: Indonesia
Member No.: 23,031
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why don't you put it in a deposit, like 'time deposit'... argh what's the english for that.. a savings account that you can't withdraw in a period of time, but you can withdraw the interest.. you can earn more than 11% annually here in Indonesia  almost everyone tried it, lol... there's a minimum of around 1K, depends on each bank, since I don't have 1K yet I haven't opened an account.. but even my regular savings account yields around 4% each year ETA: there's totally ZERO risk involved with those savings as long as you don't lose the account statement, lol..  oh and why don't you buy 24K gold bars and put it in a safe deposit box (in a bank i mean, not at home, hehe)? check out kitco.com, last time I checked, 1 year change of gold price is around 30% (increasing)... lucrative don't you think not so zero risk though, but very low..
This post has been edited by FallenAngel: Aug 14 2006, 10:47 PM
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Aug 16 2006, 10:50 AM
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New MoneyMaker
Group: Member
Posts: 3
Joined: 16-August 06
Member No.: 67,715
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I think the best is Switzerland for 6 % p.a.
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Sep 10 2006, 08:26 AM
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Group: Member
Posts: 44
Joined: 6-September 06
Member No.: 70,817
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Either Switzerland or Austria - very safe and private. You need to pay an annual fee though.
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Oct 12 2006, 08:57 AM
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Group: Member
Posts: 155
Joined: 16-September 05
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i have a place where you can deposit money as a loan. they will pay 10% compounded monthly for 90 days. also, one that pays 12.50 % compounded monthly.
10% $9999.99 and less---90days
12.50 $10,000.00 minimum---12 months
a lot of different options. you do the math. example= $6000.00 will pay $24,659.37 in 12 months
$24659.00 will pay $101,347.00 in 24 months
$101,347.OO will pay $416,526.00 in 36 mponths
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Oct 16 2006, 06:26 PM
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Group: Member
Posts: 46
Joined: 12-October 06
Member No.: 75,920
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too good to be true.
Tell me more about this, PM Me thanks.
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Oct 17 2006, 08:58 AM
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Group: Member
Posts: 216
Joined: 28-March 06
Member No.: 42,571
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QUOTE(olebup @ Oct 12 2006, 12:57 PM) [snapback]2978622[/snapback]
i have a place where you can deposit money as a loan. they will pay 10% compounded monthly for 90 days. also, one that pays 12.50 % compounded monthly.
10% $9999.99 and less---90days
12.50 $10,000.00 minimum---12 months
a lot of different options. you do the math. example= $6000.00 will pay $24,659.37 in 12 months
$24659.00 will pay $101,347.00 in 24 months
$101,347.OO will pay $416,526.00 in 36 mponths
DOES SOUND TO GOOD TO BE TRUE EMAIL ME THE INFO, matthewamicucci@hotmail.com
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Oct 19 2006, 12:27 AM
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Group: Member
Posts: 43
Joined: 25-January 06
Member No.: 23,782
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QUOTE(olebup @ Oct 12 2006, 09:57 AM) [snapback]2978622[/snapback]
i have a place where you can deposit money as a loan. they will pay 10% compounded monthly for 90 days. also, one that pays 12.50 % compounded monthly.
10% $9999.99 and less---90days
12.50 $10,000.00 minimum---12 months
a lot of different options. you do the math. example= $6000.00 will pay $24,659.37 in 12 months
$24659.00 will pay $101,347.00 in 24 months
$101,347.OO will pay $416,526.00 in 36 mponths
Would you mind please sharing this investment opportunity with the rest of the forum?
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