Highest interest rate

SicHa

BANNED

Sep 17, 2016

178

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• Oct 18, 2016

• #1

I just want to share my research result here:
Highest interest rate is in Iran (3rd World Country) Up to 24% per year that mean If you invest 100k$ your monthly income is 2k
So I decied to invest 50k$ in Iran but first do you have any suggest?
50K$ = 1k$ income per month.

 

MonsterMag

Power Member

May 2, 2015

608

426

• Oct 18, 2016

• #2

Isn't that interest rate applicable for the local currency only? I'd look up exchangerates first - there must be a certain risk to get this reward...

 

WowLancer

Elite Member

Jun 12, 2016

2,710

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• Oct 18, 2016

• #3

You need to be sure your money is secure.

 

socialevilmedia

Regular Member

Nov 19, 2014

238

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• Oct 18, 2016

• #4

I suggest you to hire someone with more knowledge then this statistic - because its nothing for 50k investment

 

SicHa

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Sep 17, 2016

178

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• Oct 18, 2016
• Thread Starter Thread Starter

• #5

MonsterMag said:

Isn't that interest rate applicable for the local currency only? I'd look up exchangerates first - there must be a certain risk to get this reward...

Click to expand...

yeah interest rate applicable for the local currency only.

 

TheNumbersGuy

Junior Member

Jul 14, 2016

162

36

• Oct 18, 2016

• #6

SicHa said:

I just want to share my research result here:
Highest interest rate is in Iran (3rd World Country) Up to 24% per year that mean If you invest 100k$ your monthly income is 2k
So I decied to invest 50k$ in Iran but first do you have any suggest?
50K$ = 1k$ income per month.

Click to expand...

You also got to take into consideration the risk involved with investing in Iran, you don't want their government going bankrupt or their currency depreciating... if the value of their currency is deprecating vs your currency you should also take that into account. In addition any political & government problems which might occur. Third World Countries are also more likely to be corrupt, so you might have some issues. Do your research before investing in a foreign country.

 

tdose

Regular Member

Oct 17, 2015

345

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• Oct 18, 2016

• #7

Have to consider currency exchange fluctuation as well.

 

MaestroDelWeb

Power Member

Nov 5, 2007

745

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• Nov 16, 2016

• #8

What type of guarantees do you have? If there is a risk of losing your whole principal then I wouldn't do it. I've seen people do this with Puerto Rico and make a killing. Also can someone from the US do this?

 

P

PBN John

BANNED

Nov 16, 2016

6

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• Nov 16, 2016

• #9

They have different foreign policies to foreigners.

 

azurous

Regular Member

Jan 30, 2015

343

75

• Nov 16, 2016

• #10

This is called a carry trade (using funds to invest in foreign exchange interest rates) and has a lot of risk if you don't know what you're doing.

1. risk of default
2. regulations
3. currency exchange fluctuations

source: work on wall street

 

SicHa

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Sep 17, 2016

178

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• Nov 16, 2016
• Thread Starter Thread Starter

• #11

In Russia interest rate almost 11% if you have $35,000, I don't think you have to worry about the Ruble tanking (just don't talk to Russian Lad!)
For $1000/month income, without touching the principal, you would need about $116,000.

 

BenQs

Regular Member

Jun 12, 2009

267

46

• Nov 16, 2016

• #12

And invest in what vehicle? Currency, an EFT, plain bank account -- what kind of investment are you talking about?