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Is it possible to make money by borrowing at low interest and

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Is it possible to make money by borrowing at low interest and depositing the money into a high interest savings account?
I know it sounds silly, but if you take into account the different interest rates cross countries... maybe it can work?
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>>1505938
u a mope
>>
The returns won't be higher than just putting it in VOO/SPY
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>>1505938
this is really interesting. someone confirm or reck this idea please

bump
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>>1505938
also,

have you done the numbers? can you actually find somewhere to get a loan from and then put it into something with a higher interest rate?

post numbers
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>>1505944
>right before the crash

sure thing boss
>>
Potentially you could get a 0 interest credit card. Use it to buy something that will guarantee interest before the 0cc interest is up. Then just pay off the card and keep the interest.

So let's say.
$10,000 cc limit
Put $10,000 in 9 month CDs if they are offered. You will still need to pay your monthly cc payments of say $150.
9 months ends and you collect $10,099.32.
Pat offer the card
Keep $99.32 profit

Or just sell your tranny porn collection on eBay.
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>>1505984

9 months for 99$ is pretty dismal. but at least its something, also its gotta be good for your credit rating.

>Or just sell your tranny porn collection on eBay.
>thinks someone on biz doesnt pirate
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>>1505989
>borrowing $10,000
>paying minimum payment for 9 months
>good for your credit rating
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>>1505984
I'm thinking someone who knows of a bargain or a market could do this:

>get 0 interest credit card
>Buy an asset which can generate revenue (i.e. a smoke machine and PA system to rent out to parties, but use your imagination)
>rent it out a few times, make at least 20% of cost back
>Sell it off before credit free period is over.
>you bought it at a bargain price to begin with, so you can sell it on at the same price and pocket the rental
>If you're REALLY good you'll sell it at a premium to what you bought it, below normal cost... pocket the difference

Trick is finding an asset which is in high demand for short rental periods, and acquiring it cheap.
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>>1505974

Are you about to retire? You should be buying
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>>1505938
Buy bank shares, that's what banks do.

The danger is getting caught with an outstanding loan on both ends and insufficient capital to meet your obligations. Banks are good at avoiding it, but even they make mistakes at times.
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This is basically what you do when you buy a rental home with a mortgage
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>>1505938
>>"high interest savings account"
>>at most, 1% yearly

I seriously doubt you would be able to get a loan at less than 1% annual interest.
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>>1506516
>1% yearly
Protip: different countries have different monetary systems, and their banks pay different interest rates.

In any event, why am I not surprised that its 9 hours after the thread was created, and /biz/ still hasn't figured out why this won't work?

Protip: If a country's banks are paying a high interest rate on deposits, there's a reason behind it.

Protip: A country's interest rates are directly related to (a) the inflation rate of the local currency, and (b) the stability of the monetary system.

Protip: Borrowing money from country A to deposit it in country B means you must convert the currency. Repaying the loan means you must convert the currency back.

Let's see if /biz/ is smart enough to connect the dots when they literally have the answer laid out for them.
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>>1506608

So you've basically described what is known as a "carry trade" in forex, earning a daily interest by taking advantage of the difference in the interest rates of 2 different currencies.

For example, you could use $8k to hold 500k units of TRY/JPY using 1:50 leverage and earn $31.34 in interest every day at current swap rates.

However, holding a currency pair just for this reason would be very stupid, as the volatility in price could see you losing much more than what you would make from the interest rates.
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>>1505938
Congrats. Dumbest post of the day. Thats hard to do on this shit board
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>>1506026
of course. everyone knows to move your portfolio from bonds to stocks as you near retirement. I'm not a dumb.
Thread posts: 18
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