posted
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
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
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
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
| IP: Logged |
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" )