[Moriarty]

airmax Wrote:howlsong, shut your frag

:shock: oh dear, get stocking your stims

[Guest]

i dont think he can afford the amount he will need..

[Guest]

EvilDeedz Wrote:I could see it working if the parties involved were smart enough to wait a couple days so that each one could collect the gross interest from the others player's contributions and after the interest is collected their money was returned...Is that logical?

It is completely illogical.

The only ones who benefit are the ones who contribute less than the average amount contributed per player. Who is going to want to contribute money for a net loss?

If all players contribute the same amount of money, everyone earns exactly what they would have earned if it were in their own bank account, again with the exception of maybe a couple of dollars.

The percent returned never changes; the amount of money in the bank account is irrelevant.

[RenegadeJEDI]

okay...say I have 5 million dollars, and I go in with 6 people who each have 5mil...say together we raise 35 million...the combined interest is more than just my 5 mil...you just pay the interest earned to each player on a different day...do you see what I mean...You can't tell me that your 5 mil earns more interest in one day than 35mil

[Punisher]

if you pay out the interest daily though you dont get the compounding that happens over time...yes you earn more as a group, but the % never changes and if one person has all the cash then they are the only ones that have the liquidity....it sounds like a group fund to me....not bad in theory, but def need to trust the money holder and not need to make any purchases any time soon....id prefer to buy a house

[LikeWhoa]

EvilDeedz Wrote:okay...say I have 5 million dollars, and I go in with 6 people who each have 5mil...say together we raise 35 million...the combined interest is more than just my 5 mil...you just pay the interest earned to each player on a different day...do you see what I mean...You can't tell me that your 5 mil earns more interest in one day than 35mil

can i tell u that when i get paid, i will get paid the same amt as if i had 5 mill in ther bank?

[Guest]

EvilDeedz Wrote:okay...say I have 5 million dollars, and I go in with 6 people who each have 5mil...say together we raise 35 million...the combined interest is more than just my 5 mil...you just pay the interest earned to each player on a different day...do you see what I mean...You can't tell me that your 5 mil earns more interest in one day than 35mil

if i give you 4 million and total you have 20 million. so i have a 20% stake in the interest.

so 20,000,000x 0.027% interest = $540,000

20% of $540k is 108k

but, if i were to just leave that 4 million in my account i will still get 108k in interest.
4,000,000 x 0.027 = 108,000

its the same thing

[Guest]

Found a few kinda related
http://www.awakenedlands.com/forums/view...php?t=4406
http://www.awakenedlands.com/forums/view...php?t=4152
http://www.awakenedlands.com/forums/view...php?t=2981
http://www.awakenedlands.com/forums/view...php?t=6767


And before any1 mentions a darn gang vault interest...
http://www.awakenedlands.com/forums/view...php?t=2906

[Guest]

buuddha Wrote:

EvilDeedz Wrote:okay...say I have 5 million dollars, and I go in with 6 people who each have 5mil...say together we raise 35 million...the combined interest is more than just my 5 mil...you just pay the interest earned to each player on a different day...do you see what I mean...You can't tell me that your 5 mil earns more interest in one day than 35mil

if i give you 4 million and total you have 20 million. so i have a 20% stake in the interest.

so 20,000,000x 0.027% interest = $540,000

20% of $540k is 108k

but, if i were to just leave that 4 million in my account i will still get 108k in interest.
4,000,000 x 0.027 = 108,000

its the same thing

thank you...finally someone else makes sense of it.

[Howl]

airmax Wrote:howlsong, shut your frag

You pound airmax to a bloody pulp. When you are satisfied at the pool of blood laying at your feet, you slip off into the shadows.

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