SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Inflation baby, Yeah!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Conky Lives!10/1/2008 9:21:09 AM
   of 8
 
What I've been up to:

I've got term deposits, gic's, banker's acceptances, etc, at Canadian banks, for large amounts, at one year terms, generally yielding 4.85%. For example, when $100000 pays $4850 after one year and the principal is intact, it rocks baby!

I'm also a lender on two mortgages. It is administered by a trustee on my behalf (for a small annual fee). The lendee makes weekly payments, and the money is deposited in my account weekly. No subprime here baby. Lendee has 80% equity. I've had this arrangement for years. I'm charging an interest rate of 7.2% (semi-annual compounding). Its all done in my retirement account ..tax free too.

I've started mastering the phrase "cash purchase price". Got a 22% price reduction on the purchase price of my new vehicle when I paid for it in cash.

The economy of the 1970's is back baby! Embrace it and make money!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News