It’s very rare that you hear the phrase “risk-free return” these days without it being tied to an FDIC-insured CD yielding south of 3%. Heck, even US Treasuries are no longer considered risk-free by S&P following the recent credit downgrade and there are only 4 AAA companies left in the S&P500. So, you’re probably thinking there’s some sort of gimmick here, but the reality is, I really DID earn close to a 9% return in a single month in a risk-free investment. Here’s how!
Continue Reading 9% Risk-Free Return in 1 Month: See How I Did It
I have an even better investment for ya. Trust me, it’s a winner.
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Darwin
I can top that. I printed out the tuition bill from Penn State in August. I then faxed it, at no cost to me, to the tuition benefit department at my university, and they mailed a check for the whole enchilada to Penn State.
I got an infinity return on my investment of $0.
You can do it too, if you are willing to spend two hours in traffic every day for the rest of your life.
Admin: You want to adopt a kid in his thirties and send his tuition bill to the benefit department too?
Colma
What do I get out of the deal?
That’s why tuition is so expensive for average folk. Admin has the equivalent of a gold-plated union deal with benies, also the equivalent of a Wall Street back-room deal, except using the fax. With all these insider-trading equivalent tuition free-rides, and all the staff and support needed for these departments, it’s no wonder tuition is soooo much. Even admin likes his status and privileges and benefits, well earned I’m sure.
You didn’t expect any blowback?
(alt.sarc.on)
Joking aside, the post has merit… I will re-read to see if there’s anything in it for me. I’m no tax guy but so far as I can see in the rules:
I’m paying my own tuition and will withdraw it from an IRA… no penalty, just the income tax on it.
There are write-offs and credits for tuition…
The IRA cash does not compound much these days…
Tuition rises like clockwork.
Loans are a sham. One thing to pay for an obvious bubble, another to enter into non-dischargeable debt for it.
The future’s too uncertain to argue against these realities.
At the end of the day, personally, I believe it worthwhile…
Admin:
I can do everything but refuse to do plumbing and prefer not to climb on roofs.
Holy shit, the first positive comment I’ve seen all day! (I guess you didn’t read my gold post today:>)
Yeah, Jim, these days, working for a university has a real comp package of like double the actual salary for many – that free tuition gig is incredible! Do you find pretty much everyone working there has kids in the state schools? Do you guys completely mock people that send their kid to a private school where there’s no tuition benefit? Just curious what the culture/chatter is since it’s such an incredible perk.
Darwin
The tuition benefit is 40% of our tuition towards any other college. Many send their kids to the private colleges and pay the difference between the tuition and the benefit. I lucked out that my son didn’t get into a more expensive university. I’ve waited almost 5 years to get my payback from taking a big pay cut to come here. Hopefully, I can get the next two through the state college system.
I had put away money in Coverdell education IRAs. I’m using that for the room and board and books.
Room, board and books?!
Interesting play on the 529 plan Darwin.
I hesitated joining my daughter to Michgan’s “tuition plan” because if she gets accepted to Harvard, I take a near 100% loss on my money.
We can only hope that the system is such that in 12 years when my daughter (better) enter college, there still be a good and compelling reason to do so.
Teresa, in these tuition credit plans, you can simply convert “state” credits to “ivy league” credits, it’s like cash equivalent. So, say you had saved $100K for state but need $160 for Harvard. You’d have the equivalent of $100K to go toward the Harvard.
Holy sheeet…. Admin’s as much a part of the FSA as I am.. Of course, he is in a much higher class of FSA than I am….
I wouldn’t borrow a dime against a educational program today.
MA
Muck
It’s not my post.