S
Snome
Guest
Seems like madness to me - no one would ever recommend the private investor do this with their life-savings so why is there no sensible person in the bank saying...'Hang on a sec, this looks good but wont work'?
I reckon the simple banking method is the best. People bank money with you and you give them 3% interest. You then lend that money to others at 5%. You only lend to those who can provide surety for the loan so if they default you do not actually lose anything.
The difference, (the 2%) provides you with salaries for yourself and your staff, pays your overheads and gives you money to reinvest in your bank. End of story. Keep it simple and stay successful.
I reckon the simple banking method is the best. People bank money with you and you give them 3% interest. You then lend that money to others at 5%. You only lend to those who can provide surety for the loan so if they default you do not actually lose anything.
The difference, (the 2%) provides you with salaries for yourself and your staff, pays your overheads and gives you money to reinvest in your bank. End of story. Keep it simple and stay successful.
