A previously unknown financial genius from Adelaide is selling a stake in his superannuation on the basis that the investor will double their money when they collect 34 years from now.
From my calculations this equates to a return of 2% per annum compounded annually.
Where else can you find an investment which if nothing goes wrong will return you 2% per annum compounded and only tie up your capital for 34 years?
No wonder the reporter calls it a 'lucrative' offer.
This is one for the savvy investors.
http://www.news.com.au/finance/supe...n-payout-on-ebay/story-e6frfmdi-1226819800986
From my calculations this equates to a return of 2% per annum compounded annually.
Where else can you find an investment which if nothing goes wrong will return you 2% per annum compounded and only tie up your capital for 34 years?
No wonder the reporter calls it a 'lucrative' offer.
This is one for the savvy investors.
http://www.news.com.au/finance/supe...n-payout-on-ebay/story-e6frfmdi-1226819800986
