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Thanks for your insight... as an aside, I heard in Brazil it is possible to invest at a rate of government risk free rate of 15%... is this true?
by throwaway_374 10y ago
Thanks for your insight... as an aside, I heard in Brazil it is possible to invest at a rate of government risk free rate of 15%... is this true?
- speeder 10y agoYes. Sort of... But that is how much the government theoretically pays in interest. For this reason people don't bother in investing in companies (when I had startups, people would batantly tell us they wouldn't invest because buying government papers was more profitable). Also getting loans to start a business is insanity, for example my bank charges 13% PER MONTH, CC can reach 450%+ per year. I have lots of ideas, but no capital, no investors, and I am not crazy enough to get more debt here, so I end not doing any of them.