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Highest interest rate

Discussion in 'Offline Marketing' started by SicHa, Oct 18, 2016.

  1. SicHa

    SicHa BANNED BANNED

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    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.
     
  2. MonsterMag

    MonsterMag Power Member

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    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...
     
  3. Juneja

    Juneja Elite Member

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    You need to be sure your money is secure.
     
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  4. socialevilmedia

    socialevilmedia Regular Member

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

    SicHa BANNED BANNED

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    yeah interest rate applicable for the local currency only.
     
  6. TheNumbersGuy

    TheNumbersGuy Jr. VIP Jr. VIP

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    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.
     
  7. tdose

    tdose Regular Member

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    Have to consider currency exchange fluctuation as well.
     
  8. MaestroDelWeb

    MaestroDelWeb Executive VIP

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    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?
     
  9. PBN John

    PBN John BANNED BANNED

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    They have different foreign policies to foreigners.
     
  10. azurous

    azurous Jr. VIP Jr. VIP

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    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
     
  11. SicHa

    SicHa BANNED BANNED

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    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.
     
  12. BenQs

    BenQs Regular Member

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