Reinvestment in Yuan/RMB
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,500.00 | Status: | Loan created |
| Grade: | A | DTI: | 5% |
| Lender Rate: | 12% | Borrower: | Engle |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-20 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Nov 23, 2007 | Current |
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Purpose of loan: To reinvest loan in Chinese Yuan (RMB) + Chinese Market (Hang Seng China Enterprises Index). For more details see: http://www.eastwestbank.com/English/IndexCD_Nov.asp I recommend this investment to anyone with $5,000 USD sitting around. The USD will continue to depreciate in the next few years. Today, the USD hit an all time low vs. the Canadian Dollar, Euro, and other various currencies. It is no secret since the USD is sinking due to the market's long-overdue realization of the US's trade deficit, national debt, and excessive spending. I have recently climed out of debt into a now profiable situation. Since I do not have the capital to readily invest in foreign markets, I am request this loan to fund my "riskless" investment in the Chinese currency and market. My financial situation: My financial situation is very healthy. I have no outstanding debt (ie. mortgage, loans, credit cards). I am a young professional who's income will only grow substantially over the next three years during the coarse of this loan. Monthly NET income: $ 2,400 Total Monthly expenses: $ 1,700 Housing: $ 900 Insurance: $ 0 Car expenses: $ 0 Utilities: $ 50 Phone, cable, internet: $ 50 Food, entertainment: $ 300 Clothing, household expenses $ 100 Credit cards and other loans: $ 0 Other/Misc expenses: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 339652 | Refinance Prosper Loan and Invest | B | $7,499 @ 11% | May 27, 2008 | Expired |
| 343606 | Refinance Prosper Loan and Invest | B | $7,499 @ 11% | Jun 03, 2008 | Expired |
| 348003 | Timely Investing in Stock Market | B | $2,499 @ 11% | Jun 10, 2008 | Loan created |
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