Allstocks.com's Bulletin Board: bank interest

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Posted by supermandwc on :

Is it possible to live off the interest paid from 200,000 dollars just sitting somewhere?

Ive been researching like crazy, but the best i come up with is like that it makes you 6000 dollars a year in interest, which you obvioiusly cant live off...compunding monthly, daily, whatever it doesnt matter.

does anyone know how with a couple hundred thousand you could make 50,000 almost risk free through interest?

Posted by offshoretrader on :

you could look into a commercial paper investment they pay about 12% every three mounths anything over $50,000 they will pay a higher rate of intrest.

you could also look into financing a offshore mortgage it pays about 14% a year
here's a link for that www.redseamanagement.com

you could also try a offshore bank in a reputable country they pay about 6% a year
thats as good as a mutual fund

be sure to find someone you can trust.

offshore.

Posted by Love the Market on :

Tax Certificates willpay you anywhere from 18-75% + virtually 'risk-free'

Posted by stockguyDD on :

by tax certificates do u mean Tax Liens...

Posted by offshoretrader on :

quote:
Originally posted by Love the Market:
Tax Certificates willpay you anywhere from 18-75% + virtually 'risk-free'

I have never hear of tax certs could you please elaborate on your comment?

offshore

Posted by Love the Market on :

Stock guy: Yes - Tax Lien Certificates

OffShoreTrader: These are liens you bid on at any city hall or courthouse (Depending on city and/or state), on the property of delinqurnt taxpayers (property taxes - not IRS).

Here's a link I had bookmarked; you can also go to google and do a search. I remember there were 3 or 4 good books on the sublects - and seminars all over the US, just like RE or Stock seminars. Some people make tax liens a full time business. http://www.tax-lien-certificates.net/Mailinglist.asp
(I'm not endorsing these people and never signed up for their service - just had it bookmarked as a "future resource" )

Hope this helps-

Steve

Posted by offshoretrader on :

quote:
Originally posted by Love the Market:
Stock guy: Yes - Tax Lien Certificates
OffShoreTrader: These are liens you bid on at any city hall or courthouse (Depending on city and/or state), on the property of delinqurnt taxpayers (property taxes - not IRS).
Here's a link I had bookmarked; you can also go to google and do a search. I remember there were 3 or 4 good books on the sublects - and seminars all over the US, just like RE or Stock seminars. Some people make tax liens a full time business. http://www.tax-lien-certificates.net/Mailinglist.asp
(I'm not endorsing these people and never signed up for their service - just had it bookmarked as a "future resource" )
Hope this helps-
Steve

Thanks LTM

offshore