Investing with Private Banks

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Investing with Private Banks castleo 12-15-2006  Re: Investing with Private Banks joetaxpayer 12-15-2006  Re: Investing with Private Banks po.ning 12-15-2006
Posted by on December 15, 2006, 4:59 am I have been exploring the idea of investing in Private Banks. The returns seem excellent, but I wonder about the fact that they are so "private" that it is hard to get complete information on them. Has anyone in the group had experience with them? I am looking at CDs that pay 4 more times and higher than regular CDs. Of course, these banks require an excellent financial statement and large amouts of capital in order for an invester to participate. What do you know about these banks Posted by joetaxpayer on December 15, 2006, 7:40 am castleo@aol.com wrote: > I have been exploring the idea of investing in Private Banks. The > returns seem excellent, but I wonder about the fact that they are so > "private" that it is hard to get complete information on them. > > Has anyone in the group had experience with them? I am looking at CDs > that pay 4 more times and higher than regular CDs. Of course, these > banks require an excellent financial statement and large amouts of > capital in order for an invester to participate. > > What do you know about these banks If by this you mean paying 15-20%, this is a classic ripoff/fraud. Think about this. A bank can pay you 5% because they lend mortgage money at 6%+. The credit card business is a different story, after defaults, they still don't make 15%. Of course they want large deposits, too much trouble to rip people off for $100. JOE Posted by on December 15, 2006, 11:17 am castleo@aol.com wrote: > I have been exploring the idea of investing in Private Banks. The > returns seem excellent, but I wonder about the fact that they are so > "private" that it is hard to get complete information on them. > > Has anyone in the group had experience with them? I am looking at CDs > that pay 4 more times and higher than regular CDs. Of course, these > banks require an excellent financial statement and large amouts of > capital in order for an invester to participate. > > What do you know about these banks I know nothing about these banks. But just think. How do these banks, or anyone for that matter, make money paying you 20% or more interests and make money? Therein lies your answer. Similar Threads Posted How to take private company public? September 24, 2007, 1:39 pm What banks are safe? July 28, 2008, 4:00 pm LOOK ME:) - question about banks, interest % :) November 12, 2006, 3:44 pm Banks Re-Defining "Deadbeat" January 13, 2007, 9:55 am GMAC (and other banks) strength- July 14, 2008, 1:23 pm FDIC "Troubled Banks List" ? July 16, 2008, 1:44 pm Investing Better September 12, 2007, 3:44 pm beggining investing January 15, 2007, 7:18 pm Investing advice March 30, 2007, 4:12 pm investing advice February 24, 2007, 4:43 am