> >>> Even if full disclosure was given, 7.2% per annum is not exactly
> >>> breath
> >>> taking.
> This is what my bank offered for CD's a month ago. (No typos)
> CD (Minimum $1,000 for 2 years): 1.45%
> CD (Minimum $10,000 for 2 years): 1.50%
> CD (Minimum $100,000 for 2 years): 1.50%
>
This is what some investment portfolios returned on USD basis
2001 ($10,000) : 19.5%
($25,000) : 22.5%
($100,000): 24.0%
2002 ($10,000) : 21.0%
($25,000) : 24.0%
($100,000): 24.5%
PROJECTION FOR 2003/04
: 20-24%
Oh, and on five and ten year terms there are 5% and 7.5% annual bonus
added to the principal, respectively.
And hey, I even know the operators, they do have a mailing address and I
get to visit the projects they are investing in ;o)
Cheers,
Robert.
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