http://streetwisephilippines.biz/2008/05/investment-gem-or-potential-rip-off-part-1/ Travel & Information Guides Thu, 04 Dec 2008 00:14:09 +0000 http://wordpress.org/?v=2.5 http://streetwisephilippines.biz/2008/05/investment-gem-or-potential-rip-off-part-1/#comment-324 Perry Gamsby Wed, 03 Sep 2008 14:31:39 +0000 http://streetwisephilippines.biz/?p=43#comment-324 While day trading is an idea, you do need to know what you are doing. My friend is still involved in these Rural Banks and has made his money several times over since 2004. He has a Blog called Hi Interest Deposits or something, check it out http://hi-interest.blogspot.com/ Tell Dave Perry sent you. Believe me, I wish I had had the money to risk back then but I didn't so I haven't lost anything... or made anything. Cheers Perry While day trading is an idea, you do need to know what you are doing. My friend is still involved in these Rural Banks and has made his money several times over since 2004. He has a Blog called Hi Interest Deposits or something, check it out http://hi-interest.blogspot.com/ Tell Dave Perry sent you. Believe me, I wish I had had the money to risk back then but I didn’t so I haven’t lost anything… or made anything. Cheers Perry

]]> http://streetwisephilippines.biz/2008/05/investment-gem-or-potential-rip-off-part-1/#comment-179 steve b Mon, 21 Jul 2008 08:44:29 +0000 http://streetwisephilippines.biz/?p=43#comment-179 I live in the states and have a friend who frequents the RP and is married toa fila. He is planning on moving there soon and has told me many times about these rural banks paying 18 to 20% on timed deposits. I agree with you, it doesn't maske any sense economically. Something is wrong. If this was a straight up everyday scenario, many investors from all over the world would flock to these opportunities. I would for sure especially when the equity markets worldwide are so tenuous. These banks would have to be making 20 to 25% on this money to come out on it and that could only be from some illegal or unscrupulous means? I think a much smarter idea is to simply day trade stocks and options on your computer any where in the world and the phillipines would be a great place because the cost of living is so cheap therefore you don't need to make as much money. With a social security income or another income and some reasonable trades, and whatever liquid cash you could bring to get a place to live, you could live very well very easy. You would probably find a nice lady and bingo now you can buy property with your stash and the rest is a piece of cake. Just my thoughts I live in the states and have a friend who frequents the RP and is married toa fila. He is planning on moving there soon and has told me many times about these rural banks paying 18 to 20% on timed deposits. I agree with you, it doesn’t maske any sense economically. Something is wrong. If this was a straight up everyday scenario, many investors from all over the world would flock to these opportunities. I would for sure especially when the equity markets worldwide are so tenuous. These banks would have to be making 20 to 25% on this money to come out on it and that could only be from some illegal or unscrupulous means? I think a much smarter idea is to simply day trade stocks and options on your computer any where in the world and the phillipines would be a great place because the cost of living is so cheap therefore you don’t need to make as much money. With a social security income or another income and some reasonable trades, and whatever liquid cash you could bring to get a place to live, you could live very well very easy. You would probably find a nice lady and bingo now you can buy property with your stash and the rest is a piece of cake. Just my thoughts

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