• This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn more.
  • Hello Guest,
    We have upgraded the forum, if you notice anything wrong or have any suggestion, please do write to us in this thread

What's the best way to invest $100,000?

#41
Bank of Beirut | SMACC

N.B: This account is in the 'Corporate' category.
I have seen the brochure and it is not a 9.65% yield. It is and I quote "Monthly increasing interest reaching a rate equivalent to as high as 9.65% Annually".

So it is something like this: 1% (1st month) 2% (2nd month) ... 9.65%(last month). And so if you average them out it would be something like 5%. And it sucks because you have to freeze your money for 18 month; I would hate to freeze my money for this period of time in this bad economy. I would prefer the 1 month or 3 month maturity for quick investment liquidation.
 

Impera

Active Member
#42
I have seen the brochure and it is not a 9.65% yield. It is and I quote "Monthly increasing interest reaching a rate equivalent to as high as 9.65% Annually".

So it is something like this: 1% (1st month) 2% (2nd month) ... 9.65%(last month). And so if you average them out it would be something like 5%. And it sucks because you have to freeze your money for 18 month; I would hate to freeze my money for this period of time in this bad economy. I would prefer the 1 month or 3 month maturity for quick investment liquidation.
Yes I know, but 3 month maturity doesn't give you a significant interest rate (compared to 6 or 12) even if you deposit big amounts of money, i.e 500 000$.
 
#43
Yes I know, but 3 month maturity doesn't give you a significant interest rate (compared to 6 or 12) even if you deposit big amounts of money, i.e 500 000$.
The difference is minor really ~0.2% year. On the other hand, what you lost in interest you gained in liquidation and options. You will have easily accessible cash if your visa arrived (for ex), or if you got a great deal on a place to buy (la2ta) : It is a lot easier to tell the guy I will give you deposit now and down payment after 2 weeks then it is to tell him I will give you down payment after 9 month. Anyway this is very convenient to me which may not be for others.
 
#45
I want to add, to my previous reply. Our real estate agent (who is also a family friend) has been in Spain for 8 years, has married one of the top lawyers from Madrid, and has a connect with the banks' repossessions unit. She knows of properties before they are advertised, and when they are, they are usually snatched within 3 days... the house that teta just got was worth 85k€ but we got it for 39k€+1.5k€ for renovation, because the two brothers were bitching with each other about each others wife, or they were fighting over a woman, (not sure, don't care)... the fact is, Spain went through shit, property prices are on the rise, and you can pocket 400€ a week in rental income, times that by 4 weeks to a month, 1200€ per month, * 12 months in a year, 14,000€. 3 and something years and you got your investment back. Oh, and if we sell now, we can get 40k€, or we can wait it out, and then sell it for 120,000€, plus the money that we make while renting it out.

Me, I invested with none of my own money, using borrowed money (so I get the house for free, and the house pays itself off lmao). If anyone's interested, hit me up, I can elaborate, get you involved, etc
 

Mighty Goat

Well-Known Member
Orange Room Supporter
#47
do you hire sales people or sell pets and houses?
 
#50
I want to add, to my previous reply. Our real estate agent (who is also a family friend) has been in Spain for 8 years, has married one of the top lawyers from Madrid, and has a connect with the banks' repossessions unit. She knows of properties before they are advertised, and when they are, they are usually snatched within 3 days... the house that teta just got was worth 85k€ but we got it for 39k€+1.5k€ for renovation, because the two brothers were bitching with each other about each others wife, or they were fighting over a woman, (not sure, don't care)... the fact is, Spain went through shit, property prices are on the rise, and you can pocket 400€ a week in rental income, times that by 4 weeks to a month, 1200€ per month, * 12 months in a year, 14,000€. 3 and something years and you got your investment back. Oh, and if we sell now, we can get 40k€, or we can wait it out, and then sell it for 120,000€, plus the money that we make while renting it out.

Me, I invested with none of my own money, using borrowed money (so I get the house for free, and the house pays itself off lmao). If anyone's interested, hit me up, I can elaborate, get you involved, etc
She would make a good mentor.
Tell her I'm interested. I would work with her for free for 1 year. :p
 

manifesto

Active Member
#51
I once had 100K. I went to the casino. The next thing I knew, they were 200K. So I went back home and bought myself a pizza with extra everything on.
The next day I thought to myself: " if 100K could become 200k in a matter of one hour, why not turn 200k into 400k in a matter of 2 hours".
Said and done. I went back to the casino and transformed 200k into 400k in a matter of 2 hours.
Back home I ordered 2 kebab with extra everything on.

The following day I woke up and felt lucky. Turning 200k into 400k in 2 hours was so easy. Now I knew I could turn 400k into 800k in no more than 4 hours.
So I dressed myself into my lucky yellow skirt, put on my pink socks and tawakkaltou 3ala llah.
At the casino I noticed there were eyes staring at me from all directions as I walked to take a seat at the roulette table.

A fancy top model girl at my left winked at me. I winked back. After the ball had rolled for 4 hours my 400k had become 800k.
The top model had now moved closer. I thought I felt her tongue in my left ear... whispering something, even if the whisper sounded more like hissing. 'That was an unusually long tongue' I thought to myself.

I turned around to take a closer look. Next to me, thigh to thigh, sat a behorned creature. Its grin went from the far east to to the far west. Red flames sparkled inside two blackholes where eyes usually sit. In their glow everything around had paled into undefined shadows. Roulette table, chips, the cashier, the big casino hall, they all slowly vanished before my eyes.
There I stood, in eternity it seems, hanging motionless in empty dark space.
Suddenly something grabbed me hard by the neck and pushed me down.

A bed was pushed under me. It was my own bed, and I found myself lying on my back like a stiff stick, biting the white sheet that covered my face. Rivers of cold sweat were rapidly draining my body. My tongue was numb and I couldn't make a sound.
The thought struck me like a lightning "all is gone. I'm finished" I wanted to scream and shout, but the total paralysis wouldn't allow me.

My time had finally come. I knew Death was standing over me, finalizing the deal with the Guardian of life about the cashing in of my soul.
I could clearly hear their negotiation.
- How much in earthy currency was his existence worth? Asked Death.
- 100k, answered the Guardian.
- In US dollars or LL?
- US dollars
- I give you 10 LL for him
- 20
- 15
- Take him, said the Guardian

This was my last chance., it was like now or never, me or those two bustards. I had to do something, else I'd be losing everything, including my own self. I took a deep breath, and with the last reserves of my strength I threw the bed sheet that covered my face and opened my eyes. Beams of the first sunlight of dawn were just being sown through my bedroom shutters. I sighed of relief. Quickly I lifted my pillow and looked.
And there they were, still as I left them yesterday, tightly wrapped inside that piece of keess el jounfeiss, my precious.
My 100k US dollars precious.
Thank you grandma for the advice.

Excerpts from the biography "My life as a poor capitalist" by manifesto
LOL I somehow missed your post. Great story.
 

manifesto

Active Member
#58
Looks like you have some money and you don't want to invest in. :)
Property is always good to invest in although in Lebanon it is reducing in price so I would hold off for now.
Haha yeah but I'm not very financially-savvy, which is why I'm planning it to do it the old-fashioned way: investing in property.