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Financial Question |
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Posts: 1107 (05/09/08 3:30 PM) |
http://www.mlnbank.com/EN/services/premcds.htm?gclid=CJ2XzdyKmpMCFQoZawodNi-twQ
I'm considering putting some cash on these high rate Cds...any of you losers have any expierence with this...the back is in the west Indies |
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merkyl |
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Posts: 52721 (05/09/08 4:36 PM) Registered loser |
CDs are bullshit, one of the worst investments out there.
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JVL58 |
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Posts: 376 (05/09/08 5:04 PM) |
buy land.
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Powers |
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Posts: 3123 (05/09/08 5:10 PM) |
Loki's got a good lead on a guy in South Africa who's looking to launder some money in exchange for a generous cash sum. Looks like your best bet.
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hm act2 |
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Posts: 3343 (05/09/08 5:14 PM) Registered user |
Put it all on the Don't Pass. And just start screaming "COME ON 7!!!!!!!".
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one time post |
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Posts: 1108 (05/09/08 6:22 PM) |
merkyl wrote: Merkyl
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merkyl |
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Posts: 52730 (05/09/08 6:23 PM) Registered loser |
Mutual fund.
This will give you some idea. http://money.cnn.com/magazines/moneymag/bestfunds/2008/actively.html
Last Edited By: merkyl
05/09/08 6:30 PM.
Edited 1 times.
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Lamont and Ray |
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Posts: 3314 (05/09/08 6:34 PM) AI Forum Moderator |
merkyl wrote: It depends on the investor, though. My best friend's grandmother is scared to death about investing her money and up until last year had her entire
estate in a single checking account. It took two years to get her to put $500K in a 9-month high-yield CD. Clearly, there are better ways she could invest
the money, but when you're dealing with an 88-year old woman who had lived simply her entire life and you can't even explain an ATM machine to...
you're thankful with what you get. We've had her meet with several financial planners and she didn't like any of them. She lives in an assisted
living home now, but is still very much about her wits... but at least we have it now so that she's earning more than she's spending, so we're
happy. Obviously... we wish she'd invest some of it other ways...but what can you do?
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merkyl |
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Posts: 52733 (05/09/08 6:38 PM) Registered loser |
Sorry, being a stupid investor doesn't make then any less of a shitty investment.
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Beefcake |
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Posts: 791 (05/09/08 6:39 PM) Registered User |
CDs are fine if you have a short and definite time horizon for the money. There's no "best" place to put your money; it all depends on what you
plan to do with the money and when you'll need to spend it.
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merkyl |
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Posts: 52734 (05/09/08 6:40 PM) Registered loser |
CDs are fine if you have a short and definite time horizon for the money.No, you can still make up to twice (or more) from a mutual fund for the same time period. CDs are one of the financial industries biggest scams. |
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Beefcake |
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Posts: 793 (05/09/08 6:51 PM) Registered User |
No, you can't -- not at the same risk level as a CD.
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Lamont and Ray |
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Posts: 3317 (05/09/08 7:34 PM) AI Forum Moderator |
merkyl wrote:
Not necessarily. Any truly safe investment is a good one and is better than doing nothing. A stupid investor is one who takes too many risks. Oh, sure, it could pay off...and handsomely, but not everyone is willing to take that risk. It's all a matter of perspective, really. Investing in a short-term CD is about as safe as one could get because the return is usually guaranteed. Sure, the return isn't as high as other options, but it doesn't make it a "stupid" investment. Any idiot knows that risk and return are pretty much relational (though there are exceptions)... and while mutual funds have a better rate of return, it's still a significant risk over a CD.It's all about a person's individual goals and needs for their money. What works for some won't work for others.
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 Hamdingers |
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Posts: 6735 (05/09/08 7:35 PM) |
I'm with merkyl. Vinyl is way better.
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one time post |
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Posts: 1109 (05/09/08 9:49 PM) |
merkyl wrote:
I was interested more in an opinion on investing in the West Indies or even the Camens......any problems when it comes time to cash in |
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merkyl |
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Posts: 52737 (05/10/08 8:46 AM) Registered loser |
So you're worried about our stock market tanking but have no problem investing in an offshore bank?
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B DeBrun |
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Posts: 16573 (05/10/08 8:49 AM) |
please direct all OT financial questions to beagle
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merkyl |
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Posts: 52738 (05/10/08 8:50 AM) Registered loser |
Good point. Video games are always a safe investment.
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PassionatePiscesMan |
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Posts: 4713 (05/10/08 8:53 AM) Registered User |
Nigerian banks are much better.
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