Comments on: My recession proof investment plan, guarnteed 3+% return. http://www.freetechie.com/blog/my-recession-proof-investment-plan-guarnteed-3-return/ In the world of linux your boundaries are free Wed, 10 Mar 2010 05:47:16 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: ben.kevan http://www.freetechie.com/blog/my-recession-proof-investment-plan-guarnteed-3-return/comment-page-1/#comment-7357 ben.kevan Fri, 17 Oct 2008 03:16:05 +0000 http://www.benkevan.com/blog/?p=126#comment-7357 Ah, great considerations eki. I looked much into etrades financials, included but not limited to their new CEO (he joined on board with no pay, stock ONLY, now if he thought it was going to 0 do you think he would have taken that deal?). They rid themselves of most the bad debts, and they have a very sound business model with their brokrage (which I also have an account with). I actually trusted their way so much I not only became a customer, but I became an investor and have actually moved some of my stock assets from another brokrage to theirs (initiated that friday, going to take a while to transfer). Also, I believe WORST CASE that they would be purchased by another brokrage (if they started doing really bad, which I don't expect) as most brokrages actually like e-trades business model. Ah, great considerations eki.

I looked much into etrades financials, included but not limited to their new CEO (he joined on board with no pay, stock ONLY, now if he thought it was going to 0 do you think he would have taken that deal?).

They rid themselves of most the bad debts, and they have a very sound business model with their brokrage (which I also have an account with).

I actually trusted their way so much I not only became a customer, but I became an investor and have actually moved some of my stock assets from another brokrage to theirs (initiated that friday, going to take a while to transfer).

Also, I believe WORST CASE that they would be purchased by another brokrage (if they started doing really bad, which I don’t expect) as most brokrages actually like e-trades business model.

]]> By: eki http://www.freetechie.com/blog/my-recession-proof-investment-plan-guarnteed-3-return/comment-page-1/#comment-7356 eki Thu, 16 Oct 2008 19:07:53 +0000 http://www.benkevan.com/blog/?p=126#comment-7356 You are aware that You are aware, that a bank that gives high interest usually do it because they have problems in getting money in another way. This was true for the Icelandic banks e.g. In Finland and in the Netherlands at least, they gave an interest on about 5 % on their savings account. The bank went under, and the Icelandic didn't have enough money to pay back the guarantee, in the Netherlands the government bailed the customers out. I do not know anything about E-trade. But I am just saying you are never guaranteed anything, you just go with less or more risk :) You are aware that You are aware, that a bank that gives high interest usually do it because they have problems in getting money in another way. This was true for the Icelandic banks e.g. In Finland and in the Netherlands at least, they gave an interest on about 5 % on their savings account. The bank went under, and the Icelandic didn’t have enough money to pay back the guarantee, in the Netherlands the government bailed the customers out.

I do not know anything about E-trade. But I am just saying you are never guaranteed anything, you just go with less or more risk :)

]]> By: Allen Taylor http://www.freetechie.com/blog/my-recession-proof-investment-plan-guarnteed-3-return/comment-page-1/#comment-7346 Allen Taylor Sun, 12 Oct 2008 00:34:48 +0000 http://www.benkevan.com/blog/?p=126#comment-7346 Nice writing. You are on my RSS reader now so I can read more from you down the road. Allen Taylor Nice writing. You are on my RSS reader now so I can read more from you down the road.

Allen Taylor

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