Quote:
Originally posted by gotys
if someone gave you $100k , and you'd be to make it into a million dollars , what would you do?
common guys, I need tips
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I would SERIOUSLY look into 3rd World overnight & short/midterm exchange rates. Little known [GOOD THING!] investment vehicle--put US $$$ in 3rd World banks who pay HIGH overnight rates in local currency. Philippines, Thailand, Indonesia, and, used to be until Mahathir fucked shit up, Malaysia all sport banking institutions that pay 9 to 18% [depending on market fluctuations] for short term money market deposits. This translates to major [to use the rap term for cash] BLING BLING.
You just have to do it right and pay all your taxes coming in and out. Even with these "points" you still beat the hell out of any US CD rate by a mile! Sure, its risky as hell [remember the Mexico meltdown in the early 90's or Russian collapse?] but the rewards are fat!
Here's a hint: Africa
[but NOT Nigeria... houses get lost if you play the "Lagos Lottery"]
and, oh yeah, don't get ripped off by supposed "government agents" and "bank fees"--it pays to have local contacts, preferably lawyers.