The Angry Investor
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The Angry Investor Dedicated to criticizing the Market, the Economy, Political Effects on the Economy, wealth, Transparency, CEOS... the list goes on. We live in a world where OUR money is infl...
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The Angry Investor Dedicated to criticizing the Market, the Economy, Political Effects on the Economy, wealth, Transparency, CEOS... the list goes on. We live in a world where OUR money is influenc...
Theangryinvestor.blogspot.com news digest
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11 years
Difference between interest on BALANCE and on PRINCIPAL
OK, this came up because of an offer by Citybank... they were offering a loan through the credit card, at an interest rate of 2.72% pa... lower than fixed deposit, right? Arbitrage opportunity?
WRONG.
Because the 2.72% is based on PRINCIPAL, not on balance outstanding. There's a big difference. This means the effective interest rate is actually 5.44%, ie double.... -
11 years
Genneva - I don't understand how it's clients are so blur!
I don't understand how so many people think that Genneva is a legitimate company that makes it's profit through selling gold.
The worst part is that many of it's "clients" are actual BUSINESSMEN who sell goods and services to make their living.
Since someone didn't like my "proton car" example and said car depriciates but gold appreciates, I'll simplify and repeat my explanation, hopefull improving it.... -
11 years
What the newspapers didn't mention on Genneva -> Financial Ruin for some.
I've been following this Genneva thing for years... as a student of Economics, I always felt it was educational to watch a Ponzi scheme all the way from the good times all the way to collapse, instead of merely doing case studies "in hindsight" (while...
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13 years
Samudera aka Genneva Gold Ponzi scheme.
I've more or less left this blog inactive, but I'm returning momentarily just to blog about this scam/ scheme which recently caught my attention. Of course, it's old news to some people, but then again, some other will not have heard of this at all.
This Ponzi scheme is done by the company Genneva Gold Sdn. Bhd....
Domain history
| Web host: | Google LLC |
| Registrar: | MarkMonitor Inc. |
| Registrant: | Google LLC |
| Updated: | June 29, 2023 |
| Expires: | July 31, 2024 |
| Created: | July 31, 2000 |
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