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Hypothetical $300,000 investment... would you?

 
 
Buffalo
 
Reply Fri 3 Sep, 2010 03:49 pm
If you had access to $300,000 and were given to the opportunity to invest it and receive $2700 per month for as long as you want and you had the option to cancel at any time in the future and get your original $300,000 back within 3 months after you request it, and you could pass the deal on to your kids if you wanted...
WOULD YOU DO IT?

How much change in the monthly income would it for you to change your mind (either way)?
What is the monthly return was $2000 or $3500?

Don't worry about what the investment is. Just take the hypothetical description as stated.
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parados
 
  1  
Reply Fri 3 Sep, 2010 04:06 pm
@Buffalo,
It's one of those "too good to be true" investments. I would very much worry about what the investment was and who it was with and what guarantees they were providing.

If I had $3,000,000 lying around it might be worth it on a lark to throw away $300,000 but I would have no illusions that the investment would perform as you stated.

Buffalo
 
  1  
Reply Fri 3 Sep, 2010 04:19 pm
@parados,
As I stated this is only hypothetical. Just except that it would be as I stated.... nothing more, nothing less.
My question was would you make the investment given these exact hypothetical facts.
roger
 
  1  
Reply Fri 3 Sep, 2010 04:32 pm
@Buffalo,
Sure, so long as the $300,000 is just as hypothetical as the return and the rest of the assurances.
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parados
 
  1  
Reply Fri 3 Sep, 2010 04:50 pm
@Buffalo,
I have already explained the missing parts that I would require.
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dadpad
 
  1  
Reply Fri 3 Sep, 2010 05:01 pm
2700 per month is only a little more than 10% return on my investment. That doesnt fall into the too good to be true catagory for me. Many businesses make more than that.
I do need to know how my money is invested and what causes it to make that amount.
roger
 
  1  
Reply Fri 3 Sep, 2010 05:05 pm
@dadpad,
Okay, but keep in mind that right now US banks are paying 1% to 1 1/2% per year on FDIC savings. To get more from an insured account, you are looking at something very close to default.
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parados
 
  1  
Reply Sat 4 Sep, 2010 09:10 am
@dadpad,
Yes, but it is guaranteed along with the principal. That is what makes it suspect.

Any investment that averages 10% should come with the standard disclaimer about loss of principal and return not guaranteed. When someone makes the guarantee made in the hypothetical it is too good to be true.
roger
 
  1  
Reply Sat 4 Sep, 2010 09:13 am
@parados,
Bernie Madoff also returned 10% per year.
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