Head's up re: Monex
Page 2 of 2 • 1, 2
Re: Head's up re: Monex
CanuckBob wrote:A 28 day cete is paying 8%??? So per annum it is paying 84%????? Not likely.
At Intercam (Ajijic), cedes are paying 6.72 net, after taxes, per annum. (not per month or 28 days)
slainte39- Share Holder
- Posts : 8197
Join date : 2010-07-22
Re: Head's up re: Monex
slainte39 wrote:CanuckBob wrote:A 28 day cete is paying 8%??? So per annum it is paying 84%????? Not likely.
At Intercam (Ajijic), cedes are paying 6.72 net, after taxes, per annum. (not per month or 28 days)
...which is a decent return on your money, provided that the institution does not do a "Monex" on you.
gringal- Share Holder
- Posts : 10918
Join date : 2010-04-09
Location : Lake Chapala (from CA)
Humor : occasionally
addtocart- Share Holder
- Posts : 209
Join date : 2013-08-18
Re: Head's up re: Monex
gringal wrote:slainte39 wrote:CanuckBob wrote:A 28 day cete is paying 8%??? So per annum it is paying 84%????? Not likely.
At Intercam (Ajijic), cedes are paying 6.72 net, after taxes, per annum. (not per month or 28 days)
...which is a decent return on your money, provided that the institution does not do a "Monex" on you.
I watch things pretty closely, and I don´t let bank employees make decisions for me or give them a loose bridle with my account.
I´m just as leery of sending my "savings" NOB as some of you are sending them south. If you act like you are "out to lunch", and don´t police your investments and banking activity, I suppose there will always be those who will take advantage of the opportunity.
Just stay engaged and know how to monitor.
slainte39- Share Holder
- Posts : 8197
Join date : 2010-07-22
Re: Head's up re: Monex
CanuckBob wrote:Yep.....the risks are there and the pesos is quite unstable.
I´m a xenophobe and don´t trust foreign banks.

slainte39- Share Holder
- Posts : 8197
Join date : 2010-07-22
Re: Head's up re: Monex
Bank accounts in the US and particularly Canada are insured and their fraudulent employees go to prison. Sorry no comparison.
Page 2 of 2 • 1, 2
Page 2 of 2
Permissions in this forum:
You cannot reply to topics in this forum
|
|