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If I gave you a million dollars but you must give it back in 1 year, what do you do with it? (lemmy.world)

submitted 2 days ago by [email protected] to c/[email protected]

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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?

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[–] [email protected] 4 points 19 hours ago (1 children)

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%.

[–] [email protected] 1 points 19 hours 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)