Post up how much you've got locked up in EF Govt. K Bonds!

bran987

New member

• Jun 14, 2006

• #1

1.2% per month! I wish I could get that on my money in real life!

 

bran987

New member

• Jun 14, 2006

• #2

this is not a popular feature? sawastea just told me he's using it.

 

Mr. dB

Elite Mentor

Platinum

Platinum

• Jun 14, 2006

• #3

Per month? Oh, I thought that was 1.2%/year. Which is why I thought it was a spectacular ripoff.

 

bran987

New member

• Jun 14, 2006

• #4

Mr. dB said:

Per month? Oh, I thought that was 1.2%/year. Which is why I thought it was a spectacular ripoff.

Click to expand...

oh. well it says this:

The EF Bank of Karma (Buy a Karma Bond)
[Click the 'Add to Cart' button to enter the EF Bank of Karma!]
Buy a Karma Bond and store your Karma in the EF Bank of Karma for safe keeping. The current interest rate is 1.2% per month.

So 12,000 K per 1,000,000 bond per month .

With Compound interest that works out to 15.4% per year.

 

blut wump

New member

• Jun 14, 2006

• #5

I have none in there. It's Plats only and I'll be non-Plat come Monday.

 

Cynical Simian

New member

• Jun 14, 2006

• #6

That high rate implies a high risk of default. Maybe that's GS's plan for removing a bunch of karma from the system.

 

bran987

New member

• Jun 14, 2006

• #7

Cynical Simian said:

That high rate implies a high risk of default. Maybe that's GS's plan for removing a bunch of karma from the system.

Click to expand...

lol, good one

 

silverfish

New member

• Jun 16, 2006

• #8

First one just matured. I made a huge 67 karmas. I'm gonna let it ride for a few more months to see how it turns out.

 

hamstershaver

New member

• Jun 16, 2006

• #9

silverfish said:

First one just matured. I made a huge 67 karmas. I'm gonna let it ride for a few more months to see how it turns out.

Click to expand...

nice

 

S

Spartacus

Guest

• Jun 16, 2006

• #10

I invest most of mine on pussy and beer