I just found out that banks in Brazil give that on deposits. I am loading the suitcase next time I visit as that is awesome.
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nope I am happy where I am
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15% federal income tax?Comment
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No, Brazil bank - no, not sure.Comment
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what bank
I cant imagine a bank who can pay that kind of interest
My cousin lives there
ill check them outComment
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Check this out please and post the result. This is getting interesting.Originally posted by ForestComment
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Is it one of those banks that promise you 16% interest and then suddenly goes "bankrupt"?Comment
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Brazils economy is absolutely horrible............. i'll keep my money here.Comment
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16% is nice but the inflation is probably high as well
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"There is no free lunch" - Milton Friedman
skype = "adultdatelink"Comment
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Don't trust the banks let alone banks in Brazil lolComment
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the money is not fdic insuredComment
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That's what I was thinking.Originally posted by Pim(P)16% is nice but the inflation is probably high as wellSleep well, and dream of large women.
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Just a heads up but the inflation rate is zero. Their is zero tax to foreigners on the interest earned. They also have one of the largest trade surpluses in the world, higher per capita then China (last time I looked a few months ago). The bank i am going to use is called "citibank". Yep the one and the same. The biggest bs is the red tape to get the documents to open an account.
Negatives. They are recruiting foreign cash to push the interest rates down. Inflation was a huge problem in the recent past. The currency was the strongest in the world against the dollar last year. Might be a little too strong?
http://www.bloomberg.com/apps/news?p...m5w&refer=news
Edit inflation was .05 last month.
http://english.people.com.cn/200609/...07_300525.htmlLast edited by slapass; 09-21-2006, 11:03 AM.Comment
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Is surely Brazilian bank or some foreign bank in Brazil?
Is it possible to transfere the money somehow or you have to go to Brazil?Comment
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nice sigOriginally posted by GeorgeMaamos AT FFN dot com
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i wouldnt put money in a brazil bank account
not even for a day lol
same goes for argentinia and other crap economiesComment
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are you talking about year interest rate????We are responsible for your hosting ... Enjoy in your life.
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someone once said "if it sounds too good to be true, it probably is"Comment
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do they have fdic equivalent over there? are the deposits guaranteed in any way?Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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Maybe this is to set off the risk of having your money confiscated?Comment
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Why the fuck do you care? You're a third world internet sig whore. Are you going to start having fatpays wire your $54.80 a week directly to Bank of Brazil so their branch manager can start overseeing your investments?Originally posted by CristieWar National Damn Champions EagleComment
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WOWOriginally posted by Holly
ICQ:475437214Comment
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Originally posted by Holly
Harsh...Comment
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Lol, if you add the currency changes (this yearthe Real, our currency, grew strong and the dollar is going down every day) the 16% would be something closer to 40% this year alone.Originally posted by Jaii
Oh, and you can get better than 16%.I'm just a newbie.Comment
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Our economy is strong. It could be much stronger if we had a different president. Elections are going to take place Sunday next week.Originally posted by slapassI'm just a newbie.Comment
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If you dont know what currency risk is, after you put your money in a brazilian 16% bank account you will learn the hard way.Comment
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Put it in your safe where its safe. Double word point.Got Dating Traffic?
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great quote!Originally posted by ADL Colin
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Originally posted by madawgzgreat quote!
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Personally, I dont trust my money in places that I do not know about.
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Originally posted by Holly
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lol sounds like another offshore scam, those are like 10 year sold back in the dayOriginally posted by slapass
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doesnt say shit on their site
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If you know how to ride those waves you can become VERY rich..Originally posted by TraxComment
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risk and reward in finance are always relative to each other.
duh!Comment
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read the book "the 16% solution" if you want to get 16 percent on your money with less risk then going through fucking brazil.ICQ: 471859252
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Most of guys here really don´t know how Brazil is changing in the last years.
Economy is growing up, no inflation...
And most people don´t know but brazilian bank system are considered one of most secure in the world.
Unfortunately here for us brazilian the taxs are too high.
But if you have a lot of money to invest won´t be a problem.
[ ]sComment
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if they have to offer 16%... there is a reason. that reason is that the financial market and private investors and would be depositors have little faith in Brazilian banks and there is an element of risk which requires them to pay higher interest. sure Brazil is changing. Russia was changing too when you could earn 100% or more on government bonds. it was changing right up to the point that they defaulted and everyone lost everything.Originally posted by fg4us
risk is relative to return. thats always true in finance and investing.Comment
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I want 16% on someone else's money.Sleep well, and dream of large women.
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I've heard of companies/local banks in Dubai and its surroundings paying as high as 25% interest.
Not sure if there is any truth to it or not though.Comment
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