Certificate of Deposit

Archive for March, 2009

Question: how can i send some money to philippines?

i live in india.my relative in manila.i want to invest some money for his increasing income.i have a idea that i invest in stock market in his account and run from here in india.pls suggest me how will be it possible.and give me other suggetion too.thanx

Answer: Take a US dollar draft and send to them.

Racing for India’s money in nuclear market

Question: How do you Price a Certificate Of Deposit: see details below?

A UK, CD has a quoted current yield y = 10% and a face value of £1m. It now has 60 days to maturity but when it was issued it had an original maturity of 120 days and a quoted yield of y = 12% p.a. (Day count convention is actual/365).

Calculate :
(a.) the current market price (P) of the CD.
(b.) check that at this price you will earn 10% over the remaining life of the CD.

Answer: call the bank

Certificate Of Deposit Fraud

Question: investing for retirement….?

I am only 25 currently and I was wondering about some suggestions for investing for the short term (5-10 years) and for retirement. I really want to start up a photography business within the next year to year and a half and was wanting some quick investing tips for getting a jump start on it. I could put about $200-$400 a month away in investments right now. In 6 months that may change with my job (possibly more in about 6 months, raise time ). We already invest in a Roth IRA right now. Wanting to invest more for the future. Tips and Tricks greatly appreciated.

Answer: For the short term plan, you probably want to stick with CDs or bonds.

If you owe any debt (especially credit cards) PAY IT OFF.

For retirement, first max out your roth. If you still have disposable income after all that, you might want to meet with a financial planner to discuss other investments.

Merch log 3: Flipping/Short-term investment ~55M profit