You guys are so easy
First, you can get intruments in the USA that pay as much, even better than the described investments in the DR. They aren't common because the risk is comensurate. Where? Have you heard of options and futures and all the packages centered around them? Guaranteed high returns. Unless the package goes bankrupt
If you are SO sure, why don't you go borrow a million right now at 10%, turn it into pesos, invest it at 20%, and pay it back next month?
The 20% I refered to was just my experience in the cost of converting between pesos and dollars and back. The Central Bank charges a commission so the spread is unusually large compared to other currencies against the dollar. I'm not sure that's the reason. Maybe somebody experienced in this back and forth dollars to peso to dollars can shed light on whether they've been able to do it at a smaller spread.
I believe those commercial paper investments are just loans to companies, managed by the issuer. Companies fail and so do the isssuers. What is your recourse if you, just you, get ripped off? Say they just keep saying your money is gone, don't know what to tell you? That's part of the big risk in these investments. The letter of the law and procedure in the DR is not likely to give anybody a warm and fuzzy feeling.
Mondongo. Please show me where I told you school is for losers? Formal education is GREAT for many, maybe even most people. For me personally, I can learn faster in an independent study and my "schooling" is perpetual, but I've never mentioned that and it is irrellevant. I said many things, all factual, but never said or implied it was for losers.
Anyway, I expect to hear from several multi-millionaires next month, since all they have to do is secure some loans in the USA, invest it in the DR, then cash out after a few months, right?
Actually, it sounds like it might work. Why aren't you all doing it?
Regarding the tax, American citizens are taxed wherever they earn it and lying about it might not be a prudent risk.
First, you can get intruments in the USA that pay as much, even better than the described investments in the DR. They aren't common because the risk is comensurate. Where? Have you heard of options and futures and all the packages centered around them? Guaranteed high returns. Unless the package goes bankrupt
If you are SO sure, why don't you go borrow a million right now at 10%, turn it into pesos, invest it at 20%, and pay it back next month?
The 20% I refered to was just my experience in the cost of converting between pesos and dollars and back. The Central Bank charges a commission so the spread is unusually large compared to other currencies against the dollar. I'm not sure that's the reason. Maybe somebody experienced in this back and forth dollars to peso to dollars can shed light on whether they've been able to do it at a smaller spread.
I believe those commercial paper investments are just loans to companies, managed by the issuer. Companies fail and so do the isssuers. What is your recourse if you, just you, get ripped off? Say they just keep saying your money is gone, don't know what to tell you? That's part of the big risk in these investments. The letter of the law and procedure in the DR is not likely to give anybody a warm and fuzzy feeling.
Mondongo. Please show me where I told you school is for losers? Formal education is GREAT for many, maybe even most people. For me personally, I can learn faster in an independent study and my "schooling" is perpetual, but I've never mentioned that and it is irrellevant. I said many things, all factual, but never said or implied it was for losers.
Anyway, I expect to hear from several multi-millionaires next month, since all they have to do is secure some loans in the USA, invest it in the DR, then cash out after a few months, right?
Actually, it sounds like it might work. Why aren't you all doing it?
Regarding the tax, American citizens are taxed wherever they earn it and lying about it might not be a prudent risk.