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/biz/ - Business & Finance

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435635 No.435635[DELETED]  [Reply] [Original]

You are given a $10,000 loan to be paid back in one year with 20% interest. What do you do with the money?

Change the amounts/interest/etc if you want. Just interested in responses.

>> No.435638

>>435635
Invest $10K in a time machine and go back in time and stop me from accepting the loan in the first place.

>> No.435639

>20% interest

Are you crazy op

>> No.435642

>>435639
Yes.

>> No.435654

>>435635
Extremely volatile stocks:
PowerShares QQQ Trust, Series 1 (ETF)
(NASDAQ:QQQ)

22% growth in this last year.
+2% over the 20%
>FUCKING WIN

>> No.435838

>>435654
The only right answer. If not successful, then time for sudoku

>> No.435855

Pay off my 10,000 21% CC balance

Bam! Out of debt

>> No.435941

>>435635

/biz/ is asked this question in different variations at least once a week and always the answer is the same so in order for this question to never be asked ever again, you are to pasta the following everytime you see a similar topic.

Turning x = y within z time frame is a stupid question.

>> No.435981

>>435635

>buy a gun with like $40 or so (i dont know how much guns cost)
>shoot the money

what do i win

>> No.435984

1. Convert to bitcoin
2. Go to Ukraine
3. Buy apartment there
4. Forget about that loan

>> No.435993

>>435984
loan it to someone with %22 interest

%2 win

>> No.436032

>>435981
I would give you a gun for free if you'd kill yourself with it, retard.

>> No.436041

Why in the fuck would I take a loan with that interest rate?

>> No.436522

Pay it back instantly and take the 1 day of interest loss because a 20% return in one year is rather ambitious and unlikely.

>> No.436527
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436527

lend smaller amouts to other fucks for 21% interest

problem solved

>> No.436534

I buy bulk priced electronics (probably video game consoles) and sell them in developing countries for a higher price. After several times doing that I have more than doubled my money even accounting for tariffs and the cost of doing business.

>> No.436538

invest in low cost index funds

>> No.436547

Invest it in 3-4lbs of marijuana and flip it for about 18k on the street level as that would be the only way I could actually make a profit on it.

>> No.436737

loan it out for one year with 30% interest

>> No.436758

>>436547
This is probably what I'd do too.

>> No.436762

take it to the nearest casino and bet it all on 36 on roulette

if lose: mehico
if win: :^)

>> No.436837 [DELETED] 
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436837

>had high marks in highschool
>chose a shitty major and went to a low-ranked college (didn't know about rankings or anything at the time)
>currently friendless NEET living with parents
what do?

I just want to be financially independent and don't want to rely on parents

>> No.436844

>>435635
its 10 a ki :^)

>> No.436857

>>436762
>not sucking 12,000 dicks a dollar a pop to cover the loss

>> No.437260

>>435635
run away in a third world country and live my live not working

>> No.437261

>>437260
lol , wait i missread the amount ...

>> No.437274

20% interest

playing it safe?

You want me to spend an entire year ...

an entire fucking year
making $2000 ?


why do people not just innovate?
because they can't?
because they're too corrupt and they don't think logically, they only think of the psychological battles that have to be fought in corporate america, not the logical systems that everything is based on.

>> No.437330

sell frugs