>Make 1 million USD
>Get a yearly 10% time deposit
>Receive 100k at the end of year for doing nothing
>Rinse and repeat
I cracked the code didn't I?
Make 1 million USD
Andrew Reed
Other urls found in this thread:
cmfchile.cl
twitter.com
Jeremiah Ward
The fuck is a time deposit
Blake Cooper
>your capital is losing 10% annual from inflation and you're shitting away 10%
Leo Edwards
That's assuming inflation will get worse forever, which is retarded. What is your counterpoint?
Joseph King
You are ngmi
Jack Perez
Implying that 100k will be enought for you in 40 years. You'd need to reinvest some of that $100k
Gavin Price
ahahah
>What is your counterpoint?
Last century
Nicholas Taylor
A bank certificate of deposit. Sounds like BS to me because no banks offers a rate anywhere near that high. Also, with 10% interest, you are only matching inflation (real inflation is higher than bs gov numbers).
Josiah Peterson
>10% rate
Show me the bank that gives you even 6%. Idiot poorfag larper.
Ian Nelson
>10% time deposit
In Argentina where inflation is 100%?
Jaxon Stewart
I bet $100 that OP is a third worlder.
Ian Baker
I can get 0.88% anytime here in Chile.
Jackson Cruz
no shit its easy to maintain money when you have money. but making the first $1M is the hardest. how did you do it if not larp?
Xavier Martin
To be more precise, this means I could invest 1M USD and get 88k USD in return after one year.
Anthony Gonzalez
*maintain and make money
Angel Diaz
I only used google translate but is this for real?
cmfchile.cl
43.02% interest? wtf?
Carter Reyes
>cmfchile.cl
Those are interest rates for operations involving credits and lending, I think
Julian Phillips
>I can get 0.88% anytime here in Chile
>Chilean
Bro you're ngmi.
Good shitpost at least but oof
Matthew Thompson
no, that means you get $8.8K
Owen King
That's right. My bad.
Anyway, it's free money.
Camden Torres
Sorry bros, I fucked up: I meant to say 10 Million USD. small typo lmao
Daniel Garcia
No, I wasn't wrong. That's the case for a 30 day time deposit. Yearly time deposits actually return close to 10%.
I retract this statement:
Hudson Kelly
honestly, you probably would want a lot more than that to beat inflation. but if you have $10M, who cares. you're set anyway.