My financial strategy is still the same, I put all my earnings (camping, group fees and shop income) on my JT Financials account, where they generate new income via interests. Parallely to that, to be able to restart in case of major issue with JT Financials, I put at least 10% of my total money by APEZ. I don't get any interest from the reserve, but it's not at risk.
I could also use my cash accounts for the reserve, but this increase the risk of doing silly things with it... For the time being, the reserve is at 2'000 L$, so I don't need to do any transfer today.
To show again how good is a bank paying interest, here is an overview of my JTF account since I opened it...
Total Deposit: 13'257 L$
Total Withdrawal: 1'201 L$
Total Interest 476 L$
Total Affiliate Bonus: 15 L$
Total : 12'548L$
If I consider my total balance, excluding the gift from Arbitrage Wise, it reaches 14'548 L$. The interests represent 3.3% of the total, which is not negligible !
In fact the percentage of interests in my total wealth is higher, depending how I consider Stroh's gift after the Ginko crash, because my losses included some ineterest generated by Ginko. Anyway, this would make the interest proportion higher.
This clearly shows how important the interests are, and with time they will be more and more important with the growth of my total balance.
If you're convinced it's time for you to open an account, you can do it via the ATM in the mini-shop (SLURL in the right side column)...
Regarding the 5'000 L$ gift from Arbitrage, my results on the SLCapex market are not exactly outstanding, as by the time I'm writing this post the total value of my stocks is 3'777 L$ ! I'm still working of strategies to get it better, and will post about it when I'll have found a working one !
Showing posts with label apez. Show all posts
Showing posts with label apez. Show all posts
Saturday, October 6, 2007
Saturday, August 25, 2007
First interest transfer done - new bank ?
According to my new strategy, I went to Midas Bank today to withdraw the interests from my 10'000 L$ deposit, which were 54 L$ for 5 days. I transferred these 54 L$ by APEZ, where they won't generate any interest, but will be safe.
As every week, Midas defined a new interest rate, which is 0.16% daily, so I can expect 112 L$ until next saturday. I also received, via a comment, some information about a new bank offering 0.30% daily, and I'm waiting for additional contacts.
As every week, Midas defined a new interest rate, which is 0.16% daily, so I can expect 112 L$ until next saturday. I also received, via a comment, some information about a new bank offering 0.30% daily, and I'm waiting for additional contacts.
Thursday, August 23, 2007
Stategy working, computer broken
For the time being, Midas is working as expected, generating 11L$ a day. It's not much, but it's easy money. According to my new strategy, the first intereste transfer to APEZ will take place on saturday.
I had only few minutes for the quest last days, but I could camp and gather some freebies. The lucky chairs are also sometimes giving money away, so it is a good way to earn quickly, but it requires supervision.
The concept of the JohnLight's shop is progressing. It will obviously include a donation box, but also a selling device with goodies for low prices. Stay tune for more info on it, and if you've a better name that "JohnLight's Shop" to propose, I'm open to anything via comments.
On top of the lack of time, my main computer broke down today, so I'm working with an older spare, which is slower. I'll have to have the main one fixed tomorrow.
I had only few minutes for the quest last days, but I could camp and gather some freebies. The lucky chairs are also sometimes giving money away, so it is a good way to earn quickly, but it requires supervision.
The concept of the JohnLight's shop is progressing. It will obviously include a donation box, but also a selling device with goodies for low prices. Stay tune for more info on it, and if you've a better name that "JohnLight's Shop" to propose, I'm open to anything via comments.
On top of the lack of time, my main computer broke down today, so I'm working with an older spare, which is slower. I'll have to have the main one fixed tomorrow.
Wednesday, June 27, 2007
Apez is not a savings bank
Apez offers a lot of banking services, including periodical payments, multiple and shared accounts, services for shops, and so on.
But, and for me this is a big BUT (refer to my posts about the interests), they do not offer any interest on the money you deposit by them.
So as the only thing I need is interests to reach the 1'000'000 L$ quickly, I will move all my money by Ginko.
But, and for me this is a big BUT (refer to my posts about the interests), they do not offer any interest on the money you deposit by them.
So as the only thing I need is interests to reach the 1'000'000 L$ quickly, I will move all my money by Ginko.
Tuesday, June 26, 2007
4009 by Ginko - 108 by Apez
I will test for you another bank, called Apez. They offer much more services than Ginko, including web banking, multiple accounts, payment to any avatar, automated payments for employers, and so on.
It is not clear what is their interest rate now, but I will give them a try. It is also good not to put all my L$ in a single bank, just in case. Will see how it goes on with them. I could also test SL-exchange, which seems to be the LL bank.
No new brilliant campsites found today, so I left JaneLight and JohnLight by Apfelland, each at 2 / 10 camping.
The group registration fee for "Free Money from JohnLight" is still 4 L$ a day.
It is not clear what is their interest rate now, but I will give them a try. It is also good not to put all my L$ in a single bank, just in case. Will see how it goes on with them. I could also test SL-exchange, which seems to be the LL bank.
No new brilliant campsites found today, so I left JaneLight and JohnLight by Apfelland, each at 2 / 10 camping.
The group registration fee for "Free Money from JohnLight" is still 4 L$ a day.
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