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.

Banco ! All In JTIC !

The anouncement by Linden Lab to remove all ATMs except those from registered banks (?) created a huge bang and mini-panic on the stock market.

My personal decision is to call for "Banco !" and put all my money in JT Investment Certificates ! So I now hold 20020 JTIC shares and no "cash" on my SL Capital Exchange account. I made this investment for three reasons:

1. Show my support to Arbitrage Wise and all the team at JT Financials
2. LL's new rules seems to apply to interests, not dividends ;-)
3. Thanks to some selling lemmings I could get JTIC shares for 0.65 L$ each !

If JTF was to fully collapse - which I think will not happen - I will lose everything. Anyway my challenge can't be achieved without a bank paying interests...

I wish new successes to JTF and Arb ! You have all my support, guys !

High Yield Deposits Announced By JTFinancials

JT Financials promised for a while that high yield deposit will become possible soon. Now the soon seems sooner than ever. There is an entry in the SLCapex forum about what JTF will offer.

From mid of October, it should be possible to buy 1.00L$ bonds, and JTF will re-buy them mid of April, at 1.44L$ each. It is quite a long period of time, particularly as time in SL is much quicker than in real life, but it's also a very interesting deal. 44% increase over half a year ! This corresponds to 0.2% daily.

As I don't need the money I'm saving, this will be perfect for me. The only remaining question is "do I trust JTF enough to go for a long term investment ?". This is by far not an easy one to answer... hopefully, I've got until mid of october !

I plan to post a detailled post this week-end about my financial strategy, and compare how I'm doing with what was planned. And may be some fun post on Sunday...

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