[Dingus]

Compounding is the word of the day

[Guest]

yea, if there was a variable interest rate depending on the amount invested, I might consider it. But this is one of the biggest waste of time money making ideas I've heard lmao, even if it's not a scam you'll earn nothing more than banking your own cash.

[Guest]

Dingus Wrote:Compounding is the word of the day

Whether the 10% is an APR or EAR is, for the most part, irrelevant.

[Guest]

it was suggested in an earlier thread that long-term investment accounts be created with a higher yield interest and early-withdrawal penalties.

alas, the idea fizzled.

[Guest]

mrbadmood Wrote:it was suggested in an earlier thread that long-term investment accounts be created with a higher yield interest and early-withdrawal penalties.

alas, the idea fizzled.

Thor, your services are needed.

[emocakes]

why does everyone have to ruin the fun

[Howl]

I mentioned it would be nice when i joined but was told it wouldnt happen and that it had been brought up B4.

[Guest]

emocakes Wrote:

iceman2020 Wrote:Did everyone here fail economics or something? This is sad.

The total amount of interest earned would be the current sum of each individual's current interest earned, give or take a couple dollars.

Conclusion: the net effect is zero!

:roll:

im an idiot. also, howlsong, shut your fuckhole

[zenith]

I could see it working a little. For those who forget about their investment means more interest income for everyone else

[RenegadeJEDI]

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?