I have OP magic. I can reverse time and take my money back from your future. There is no escape from OP Magic Lemmings.

You have 1 year. What do you do with this small sum of money?

  • sga@lemmings.world
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    6 days ago

    Probably make a fixed deposit with the principal of 1 Million, and then after a year, (Assuming annual interest rate of around 7%) I would get 1.07 million, and give you 1 Million back, and still have USD 70,000, which is still a good amount to get for free. If we get quarterly interest rate, it would be slightly higher, so will try for that

    • moseschrute@lemmy.ml
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      5 days ago

      Where are you finding low risk investments with that much interest? Genuine question. Maybe I should shop around more. I would expect closer to 3.5-4%.

      • sga@lemmings.world
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        5 days ago

        In India Fieex deposits for a period of ~400 days offer that. For lower periods it is lower. It is not a great investment if you account for inflations (that would be another ~5%, so after a year, the effective value would be close to 1.07/1.05 ~= 1.0190476)

  • daggermoon@lemmy.world
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    7 days ago
    • Take the money
    • Travel the world
    • Fake my death so you can’t ask for the money back
    • Change my name to something Russian sounding
    • Find goth latina partner
    • Run away together
    • Start a new life in a country where no one speaks English
    • Teach goth latina how to torrent and use Linux
    • Mary goth latina
    • Grow old and die for real

    This plan will work, right?

  • technopagan@discuss.tchncs.de
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    7 days ago

    Use 500k to get my foot in the door at one of the 0% tax havens (they often require >=500k investment to get a legal entity representation). Use the other 500k + my savings to rake in the expended 500k at 0% tax via investments. Pay you back on time and be left with a 0% tax haven foothold that’ll make me +20-30% on anything I’ll invest in the future, compared to what I’d gain on investments right now due to taxation in my country.

  • njm1314@lemmy.world
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    7 days ago

    Am I reading this right or is everyone else in the thread reading it wrong? It seems to me what you’re saying is that you go back in time and take it away after the fact like we never had it. So all these answers about buying stocks or bonds or everything are pointless. Objectively the answer is to have as much fucking fun as you can cuz it’s going to be taken away with timey wimey stuff before it ever happened. Am I right?

  • RandomVideos@programming.dev
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    7 days ago

    Since you will change the past and reverse the changes due to me having no intention to give the money back, i will try to create as much chaos as possible with the money

  • ramble81@lemm.ee
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    7 days ago

    I’m curious how you can take it back if I no longer have it. Say I spend it on activities and services, how can you recover it? Physical goods, you might be able to take those.

  • Kng@feddit.rocks
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    7 days ago

    What would be the consequence if I was physically not able to return the money? Depending on that I will probably invest differently. I would probably be dumb and just ignore the money cause I thought it was a scam or something though.