Monday 16 December 2013
How do you invest your parent's spare money?
How do you invest your parent's spare money?
Uncle8888 pays his mother-in-law and sister-in-law monthly fixed income @ 3.3% p.a.
After so many years, they didn't even to bother to check whether their money is still around or not.
Since Uncle8888 has taken back all his investing capital and letting the cash rotting in the bank @ 0.25% interest rate; technically he is losing money on these monthly fixed income payout. LOL!
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it will be wonderful when our other family members approach us to help them invest for higher returns; even when it is using the monthly allowances we have given to them.
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