You've just won some money...

[rxpharm]

Rebel Ray's story is here:

Asian Wives

Not as much as a mystery as you think!

[jadeite]

I doubt those who say they will double the money by themselves in a year. High short term gains come with high risks. More likely there will be a shortfall and a even substantial loss of the principal and you'll feel stupid for rolling the dice instead of taking the guarantee.

The 10 year plan seems the best deal as it gives a guaranteed 26% return year over year--not that this can't be done, but you have to be really LUCKY to achieve this on your own. The best money managers in the world would give up their first born to be able to do that because almost none ever can. So the 10 year deal makes sense to me unless you need money sooner, are in need of short term gratification, or don't place much value on the money (easy come easy go).

[stogie bear]

I put 40K in 5 years but now I'm leaning toward the more patient 10 year wait...

Anyone else changing their minds? I'm surprised that 6 people would take the cash right now...

[mardhi]

Its interesting if you ask this of a Thai with a slightly different scenario. Assume, either 1000 ($, Euro, Pound, whatever) now or 100 per month for the next 5 years. 99% of Thai's would take the first option and have spent it within the month.

For me, I have yet to ever see a good returning product and I have loads of them via pensions, savings plans, endowment policies etc and so going forward I tend to choose to handle it all myself - average returns I seem to be achieving are about 25% on capital. No great science - I just spot an opportunity, research it and do it.

Cheers
Mardhi

[stogie bear]

I'm too ignorant and cowardly to do that. I'll sit on my 7% and sleep good!

[divertwo]

....would have been an interesting question raised 2 months ago....and to see what Rob69in would have said.........

[Guest]

Passing judgment Rick?

[moe666]

Leaves me out, never won anything.

[PigDogg]

100K in 10 years is a no fucking brainer for me.

For those of you who want your money now, geez, at least wait for just one year and get 20K.

[buttafly]

I voted with PD, that's our western sensibilities......I'd love to see what a Thai would take in this poll

but really, these days 10K a year ain't all that much...a couple tanks of gas, some Ben 'n' Jerrys and 1/2 a mortgage payment each month....

[dummy_plug]

Actually, to turn 10k today in 100k in 10 years, you would need to have an average annual rate of return of 29.1% over a 10 year period - obviously no small feat as there are very people in the world who can boast such a successful record. I'm only aware of a handful of funds that come close or match/beat this rate of return over a long period of time. The likelihood of doing this over and over for 20+ years is almost nil and I don't think I've ever heard of anyone doing it.

So for me, 100k in 10 years with no risk? Done and done!

[stogie bear]

I've changed my mind... I put down 40K in 5 years but after reading this thread I'd now go with the ten year option...

[PigDogg]

20 grand growing to 100 grand in 9 years would imply a rate of return of about 20%.

So if you have money already it's make sense to spend what you have and collect the 100K later.

But if the 20K makes the difference between buying or not buying a home or business then I can see taking the money now.

But taking 10K now instead of 20K in a year, that's foregoing a 100% rate of return.

[dmlbl2001]

I would probably take the 20k in two years. It is a no brainer. But looking out 10 years I would be a bit to old to enjoy it. Possibly the 5 year plan if everything else works for me financialy and I dont need it.

[Guest]

Ten years is cool with me... I got the time. I'm sure I'll be able to think of many ways to put that money to good use while I wait.