Here is my business plan.
1. Take a loan, 3-4%, any bank
2. Travel to let's say Ukraine
3. Open deposit with ~18% rate
4. Wait a year
5. ez money
What possible flaws do you see?
Here is my business plan
Kayden Jenkins
Nolan Barnes
you will be killed on the street there
Ryder Morgan
Wait...are you working under the impression that Ukranian banks give you an 18% return if you keep your money in a savings account?
Kayden Miller
you can't move too much FIAT money
Colton Thompson
Okay, what about any other country? Like Venezuela, India whatever.
Yeah, that's how banks work, isn't it? You make a deposit, you come back a year later and they hand you your money and interest. I don't know why they do this but it works.
Hunter Perry
You're and idiot and deserve to lose your money.
Take $1 in USD, go to Sri Lanka and trade it for 175 rupees.
Get 20% interest, now you have 210 rupees. Try to convert that back to USD in one year and get back 98 cents because the ruppee inflated 22% against USD in that same time period.
If this is bait I will hunt you down and cut you
Kevin Ortiz
I hope this is bait
Hunter Gomez
Okay I got the point. What if I won't convert to local currency and make deposit in USD?
Hudson Taylor
>What is a Carry Trade?
Cameron Hernandez
you can only put in ukranian currency, which will decline in value as you park it in an ukranian bank