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Main / Suggestions / Investment Income/Bank Interest Search Forum | |
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Poster | Message |
Lee1950
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posted: 2012-05-27 16:13:09 (ID: 42610) Report Abuse |
Interesting idea, but I agree: only if the money is locked up for a long time.
Maybe even two options: 10 weeks @ (for example) 2.5% 20 weeks @ (for example) 4% (Banks never pay as much interest on accounts as they charge on loans, so the return has to be less than 5% to be 'realistic', lol) |
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posted: 2012-05-27 16:15:17 (ID: 42612) Report Abuse | |
Now you have to include some rules on what happens if a manager needs to exit the contract within the period due short of money.
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Buffalo
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posted: 2012-05-27 16:21:41 (ID: 42613) Report Abuse |
Lee1950 wrote:
Interesting idea, but I agree: only if the money is locked up for a long time. Maybe even two options: 10 weeks @ (for example) 2.5% 20 weeks @ (for example) 4% (Banks never pay as much interest on accounts as they charge on loans, so the return has to be less than 5% to be 'realistic', lol) 10 week are not enough. I would prefere 25, 50 or 75 weeks with interests of 1.5%, 3.5% and 8% p.a. |
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Buffalo
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posted: 2012-05-27 16:23:50 (ID: 42614) Report Abuse |
pete wrote:
Now you have to include some rules on what happens if a manager needs to exit the contract within the period due short of money. If you break the contract you must pay the twofold of the interest. If the interst is 2% you must play 4% if you want you money back before the contract end. |
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Lee1950
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posted: 2012-05-28 01:38:43 (ID: 42654) Report Abuse |
Buffalo wrote:
pete wrote:
Now you have to include some rules on what happens if a manager needs to exit the contract within the period due short of money. If you break the contract you must pay the twofold of the interest. If the interst is 2% you must play 4% if you want you money back before the contract end. Absolutely. Banks don't like it when you take your money out early! |
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JonnyP
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posted: 2012-05-29 09:04:15 (ID: 42771) Report Abuse |
It's already too easy to make money....
For that reason, I'm out. |
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Swordpriest1
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posted: 2012-05-29 16:43:38 (ID: 42809) Report Abuse |
I like it....
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reply Mark this thread unread | |
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Main / Suggestions / Investment Income/Bank Interest |