Saturday, February 2, 2008

JTIC dividend paid !

Once again, I'm happy to have bought JTIC shares. Even if JT Financials can not officially offer a regular and fixed dividend beacuse of the banking ban, they continue to pay dividends regularly.

I just received the last one, and obviously I re-invested it in more JTIC shares !

Tuesday, January 22, 2008

Update about JT Investment Certificates

Arbitrage Wise posted today an update on the SLCapex website about the JT Investment Certificates. To comply with the new LindenLab policy, the JTIC are no longer paying a fix interest rate.

Instead they are now a classical investment company with a target of 0.06L$ monthly dividend per share. I dont exaclty understand why this was a need, as the shares are not exchanged within SecondLife, but the move is smart and bottom line is the same, if not better ;-)

The exact information from Arb can be found here:

We will now see how things will go on, as today is the day LL will supposedly remove all ATMs from institutions paying interests...

Sunday, January 20, 2008

JTIC share back at original price

After some strong fluctuations, the price of the JT Investment Certificates (SLCapex: JTIC) came back to its original level, in the 1.12L$ range. When JTF created the JTIC, I bought a bunch of them for 1.05.

During the last weeks, when the banks ban announced by LindenLab shook the banking industry, I was lucky enough to buy a second batch of JTICs at 0.65L$ each. This was kind of a risky bet, but now that the price is back, the question is to know if I must sell some of them or keep them all.

As I continue to trust Arbitrage Wise and the guys at JTF, I will obviously keep them !

Tuesday will be an interesting day as it will be the limit date defined by LL to remove the ATMs... As JTF no longer pays interest, I wonder if they will remove them or not.

Tuesday, January 15, 2008

End of the challenge ?

Arbitrage Wise very recently announced that JT Financials will be reshaped in SL Wallet, and amongst decisions result from the banking ban, cash deposits will no longer produce interests.

Those of you who read this blog from its inception (thanks a lot...) know that interests are VITAL for me as sole camping or similar activities are not sufficient. It that the end of my challenge ?

Not sure... At first the JT Investment Certificates still exist. They are not paying interests but dividends. Their future is not clear yet, and I will wait for further news.

Moreover I have other investment ideas, but I don't want to tell too much about it now... suspense...

Nevertheless if I decided to end the quest now, I will stick to the rule I defined in the very beginning and award all my earnings (roughly 23'000L$) to a member of the "Free Money from JohnLight Raymaker" group in Second Life. It is not too late for you to join the group !