Blue Dice
Gallente
Flying While Intoxicated
The Threshold
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Posted - 2007.07.10 11:17:00 -
[1]
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Eve Saving Union will have an interest rate of 0.1% per day, or 2.8% per month.
I'd like to point out that 0.1 daily makes 3.044 monthly counting the interest on the interest and taking a 30 day/month avarage.
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Deposits and withdrawals will be free to be made at any time (when I am available)
Compared to other investments this is a real plus. I dont bind my money for a long time, and dont need to find buyers if I want to get rid of shares.
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I will be using my market knowledge not to run around trading, or doing all that stuff, but using my skills in purchasing low ends, and holding off till prices go up etc. Also using CCP dev blogs etc to exploit (read: not exploit) possible market price changes, and action them.
For me another negative point as this is a highly speculative buisness. Even if I think that you have a good knowledge of such tweaks and their impact by now i'm not sure if it is feasable to generate enough return with this alone. Especially as a wrong investment herre can leed to a loss of a lot of money too.
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This is a medium risk operation, but I hope the public will see my reputation and know that even if it all fails, I wouldn't stop until all those who had accounts with my bank, would be repaid correctly.
I'd rather classify it as a high risk operation (in general). I agree that with enough time spent and a lot of market knowledge this can be reduced to medium risk.
Seen the reputation you have and the trust you allready got for other buisnesses you run i put some believe in your word about repaying out of your pockets.
What is not clear to me is if you put a limit to the maximum money handled by the Bank, or in other terms, how much personal funds are you willing to put as a guarantee for failed investments?
And how are you going to handle the transfers? I suppose that it will be done in a spreadsheet. If so, will you fix a minimum amount per transfer to limit your time spent on small transfer recording?
In general I'd consider it as a good investment if:
I dont want to bother with reading about Shares and IPO's.
I want to have my money back the moment i need it and dont want to plan what i need and when I will need it.
I dont know what to do with that money anyways right now.
However seen the "rather" low interest of about 3% a month i doubt that many will consider it as a primary investment and just use it for a smaller part of their funds.
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