Thursday, November 4, 2010

Alternative Investing Opportunity

Ah, the wacky world of investing! For anyone in the Winnipeg/Manitoba area who has an extra $5000 or more kicking around with nothing to do and you'd like to earn 24% annual interest on it, I know of an opportunity that you might be interested in learning about. It's an alternative investment in a company that is expanding its operations and is looking for some capital. Your money is locked in for one year but you get interest cheques every three months. Essentially you are loaning them your money for a year and they are agreeing to repay it every three months (so 4 times per year). The interest they pay is 2% a month, so you would get cheque for 6% of your principal once a quarter. Some examples:

$5000 investment = $100 per month (or $1200 after 365 days)
$10000 investment = $200 per month (or $2400 after 365 days)
$50000 investment = $1000 per month (or $12000 after $365 days)

Like most alternative investments it's a limited time offer and the broker I use expects it to be filled up by the end of the year so if you'd like me to get you more info then leave your email in the comments or if you know my email you can contact me directly.

Alternative investments are one of several great places to park your "pay yourself first" money. Investing such saved monies is crucial to a) avoid spending it when your will power gets low & b) letting it grow exponentially to serve yourself/others. Of course there is risk in any kind of investing but I would argue that there is more risk in not investing as you will someday need that money. You can't afford not to take some risks! I used to be quite closed to investing in anything but real estate but now I'm open to much more. Stay tuned for an update at the end of the year on my stock investing experiment.

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