10:39 am
July 10, 2011
8:07 am
February 22, 2013
Yatti420 said
[snip]
Under 2% on my cash and I really don't wanna save..
All the "asset allocation" models I have ever seen include a "cash" component of some sort. I despise getting "nothing" on my savings but still have about 5% "in cash". I always suppose that 1.whatever% is better than 0.0%.
My equity investments took a bit of a dive over the past few days, but my fixed income and cash components smoothed that out a little as they did not drop at all. That is what asset allocation is for.
Greg
9:57 am
August 4, 2010
10:02 am
December 23, 2011
NorthernRaven said
There's some nice interest rates available from PrivatBank, through their Nicosia office...
What kind of insurance is there? Make 9% and give 10% back to the government?
1:52 pm
February 22, 2013
One thing I read about the "tax" in Cyprus is that equity in the bank/banks will be issued in return for the taxes. Then, when/if things settle down that equity may well be trading at a profit.
So, a tax is not necessarily a tax. But, what IS proposed is a forced investment in an asset class in which one may or may not have wanted to invest.
Greg
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