How can I earn 10% interest over a year without the stock market?

Answer 1

You could potentially make 10% in real estate, very high yield bonds, selling knick knacks on eBay....

Answer 2

Prosper.com!!! Lend your money to others and get fixed monthly income from them.

You could easily earn 10% annually--and that's by lending to the highest rated borrowers (people with credit scores over 700)!! I am making 24% per year by investing in higher risk loans (low credit/no credit borrowers). So far each person has paid on time and no loans have defaulted. I've been doing this for about 6 months and have added more and more money to my Prosper account.

The only downside is it's like a CD--once you lend your money you have to wait 3 years to get the entire principal back. But you get monthly income that you can withdraw immediately.

Answer 3

With a $60,000 dollar loan I would pay you 12 % interest with a guarantee payment of no less than $1400 a month for 4 years. Thats $150 a month allotment into your bank account for 48 months.

Answer 4

Tax Lien Certificates. Each municipality/county in the U.S. has people who become delinquent on their taxes. This really hurts the taxing authority as they have already budgeted how much they need to spend for various things, such as street repair and lighting, hospital costs picked up for those on welfare, etc. So instead of floating bonds to pay them off (the voters would never approve but call the politicians inept for underestimating money needs), they sell tax lien certificates.

Actually it is regulated by each State (some not offering them) and "sold" by the municipalities/counties themselves. There are various rates - all the way from about 8% to 30%. But there are several catches you need to know about:

#1: You must contact each and every municipality/county to find out when they are for sale, because as they mature (the person behind in the taxes catches up and pays you directly) you must "roll over" your money into new TLC's.

#2: They are in high demand, so you may wind up "bidding" on the minimum acceptable interest you, as the person bailing out the county, are willing to accept. In fact, there are corporations and LLC's that actually do nothing but this, and they tend to low-ball to get all the action.

#3: They are subject to 100% loss due to the delinquent taxpayer filing bankruptcy (you need to check on the latest changes in bankruptcy law for that).

#4: You need to pay particular attention and not buy so many in a distressed economic area that you run the risk of losing all you principal - for example in an Automobile suburb in Michigan where layoffs have been announced (not to pick on that industry - God knows they've had their share of problems).

#5: You need to keep your orientation towards owning many small TLC denominations ( twenty of them at $3,000 each) rather than one huge one that may be from an unsellable $14 million dollar home in, for example, an area where such real estate is really priced out of everybody's range and there is not any prospect for a potential bankruptee/forclosuree to sell. But none for $1,000 either - it's just too easy for a person delinquent for that amount to walk and kiss that goodbye - one $1,000 judgment is not going to ruin their credit. Most experts suggest a minimum of $3,000 (per property).

#6: You can not do this with campsites, trailers, etc., or any real property where the tax is delinquent and the re-sale market is of the "ebay-craigslist- garage sale-pawnshop" level.


The way you collect the money on them is as follows: you pay the money up front, and it is the responsibility of the person(s) who is (are) delinquent to pay you the sum you advanced plus all interest accrued up to the date of payment, much like someone buying a Treasury Note would advance Uncle Sam a "discounted" amount of cash - that is, buy at a discount and receive 100% at the end. You therefore need to examine whether such a TLC as you would buy is actually earning X% or if by being discounted the rate is differrent.

Two positives: If you buy so many (may you be so lucky!) that in order to reduce your risk you decide to go and fly to the out-of-State properties to double check the marketability and conditions of the properties to which Liens have been Affixed, that is a legitimatte IRS business expense, even if you do NOT actually buy any TLC's as long as you are in business to buy them (I would recommend talking to an accountant familiar with Partnerships).

Another: even if the person who is late on the Lien payments to you declares bankruptcy, you may actually be able to own such a property based on holding the lien to back taxes - check with the jurisdiction and the Attorney General of the State in question.

The highest Tax Lien interest rates granted traditionally have been issued in Texas and Ohio. I think Florida, New York and California still offer them but am not sure.

Answer 5

it really depended on how much your will to invest. There are a few companies that do trades that can get you close to 100% on your money in days, weeks months. but its not hundreds of dollars we are talking about buy thousands.

Answer 6

You could try your luck with microloans on prosper.com

There's risk, of course.

Answer 7

high intrest saving acount