You can find large amount of dishes for economic tragedy, but here’s one that is simple, simple and typical:
Begin by making an interest-free loan to a pal, so your cash is tied up, and also you make absolutely absolutely nothing upon it.
Next, decide you go out and borrow an amount equal to your original loan that you can’t wait a few weeks for repayment, so. On the way, spend big charges and interest fees — because you’re the only person fool sufficient to make an interest-free loan — so that you find yourself with perhaps 80 cents of the buck right back.
There’s a name for the monetary mess you’re cooking right right right here: It’s called a “refund expectation loan, ” plus it’s a Stupid Investment of this Week.
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Stupid Investment regarding the highlights the problems that make an investment less than ideal for average consumers, and is written in the hope that pointing out trouble in one situation makes it easier for readers to uncover elsewhere on their own week. Continue reading →