“Christmas is coming, they are cutting down trees…”
The first line of Joni Mitchell’s song River played here evokes for me the true feeling of the season. It’s not a typical Christmas song, but for me it evokes the true spirit of Christmas, a time to wait and share in the bounty of the earth.
Of course, it also means giving and receiving gifts and that’s what I’d like to focus on, at least on the giving part.
When you’re stuck for ideas, why not take a page from Bob’s book and use online investing to help spread the joy of Christmas? Bob has a dilemma. He is not satisfied with giving the usual gifts to his family, so he decides this year to be a little more creative and put a real smile on his family’s face.
First, there are the two children, Jack, who is 18, and Ann, who is 22. Like his sister before him, Jack has just started a three-year course at university and is full of promise. has and actively participates in social life as well. One thing he isn’t thinking about is the student loan he receives to help him complete his course. This will leave him with considerable debt when he graduates.
Ann, on the other hand, has already graduated and, with a careful budget and a part-time job, left college with a relatively manageable loan outstanding. The problem is that the recession has severely curtailed any job opportunities and she is struggling to start the entrepreneurial career she hoped for. This has led her to travel, so throughout the next year she will follow the path traveled by many others and discover the world. When she comes back, hopefully the job market will be better. She could then think about settling down and buying her first property.
So how can Bob help? Looking at the investments he has, he decides to invest $50 on behalf of each of them in a CashTanker account. This pays 2% per day and since the money will not be needed right away, Bob opts for 100% compounding. The program is due to close on December 25, 2011, so assuming 220 business days per year and 440 days total, the return for each of your children would be over $300,000. This should be more than enough to pay off the Jack’s student loan and also helping Ann put down a deposit on a property, although secretly Bob hopes that Ann will simply rent a property and use the funds to start her own business as they have discussed in the past (Bob’s wife Judy is more interested in buying the property).
Bob and Judy have been married for 25 years, and while Judy hasn’t always had the faith in online investing that Bob does, she endures his adventures in the hope of profitable results. Bob wants to thank Judy for all her support, so she decides to invest $50 in a tradable endowment policy with Imperia Invest. He knows that these are available until February 1, 2010 and are scheduled to pay back $134,000 in mid-2010. This would allow Judy to really spoil herself. With another $50 he decides to open an account at Sport Arbs. This has a variable return, but is usually at least 2% minimum per day. As they operate 7 days a week, the growth could be significant and will provide good savings for the future.
Finally, Bob has to think about his parents, Terry and Liz. They both recently retired and although they have made a reasonable allowance for their daily lives, their funds are unlikely to provide them with a luxurious lifestyle. Bob appreciates all the sacrifices his parents have made over the years for him and feels he would like to provide sufficient funds to help them pamper themselves from time to time. Perhaps a meal in a top restaurant or a weekend in a good hotel. Looking at the opportunities available, he feels that PTV Partner offers the ideal solution. He decides to invest $200 on behalf of his parents in his 40 day plan that pays 190% return. So every 40 days they will receive $380. It will be easy for them to save up for the odd month or two so they can afford those odd luxuries from time to time.
As Bob leans back in his easy chair, he is pleased with his plans and knows that his family will definitely remember this Christmas for years to come.
Postscript: Of course, we shouldn’t forget that any income received may be taxable, so don’t forget that if you have plans similar to Bob’s. Take some advice from a good tax accountant.