More Investing

The $3000 I have loaned from CITI may turn into $8000.  The credit card I got has a a limit of $8200 so I tried to get an extra $5000 intrest free for a year (I’ll find out soon if it cleared).  With $8000 the amount I can make from this deal starts to make more sense.
 
The funds that I’ve been looking at investing in have returned between 15%-22% every year for the past 3 years.  If that trend continues and I can snag 15% then I’ll make $1200.  Of course there is risk in this, so I’ll have to keep my eye on things, and if things go sour I’ll have to jump out quickly.
 
I was reading about another person that is doing this exact same thing, and he’s managed to get $40,000 interest free. 15% on that would be $6000.  Not to shabby.  Think about it this way, Loaning $40,000 for one year at 0% and investing it to give you $6000 profit at the end of the year, then continuing to invest that $6000 at 15% will add about $1000/year to your annual income.
 
Over the past week I’ve been playing around with compound interest calculations.  It’s kind of fun to see how much difference 1% can make to the amount that money grows.  At about 15% my retirement goal of having 5 million dollars net worth seems easy and at 5% it’s completely impossible.