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Need advice for 4 million.
I need advice.
One of the banks (included in the top 20) offers your friend to invest $4 million for free for 3 years at an interest rate of 25% per annum with monthly interest accrual and monthly capitalization. However, you will receive the deposit and % on the expiration date of the contract (in 3 years). Our calculations show that in 3 years your friend will receive double the amount with the deposit +%. To avoid personal income tax, you can divide $500,000 between relatives.
Is it worth investing money?
Risk: inflation and freezing.
Pros: No price spikes or bankruptcies like with stocks or bonds.