Anyone do/read this?

[krishanleong]

The 16% solution.
link (http://www.profitadvisors.com/16percent.shtml)

Kiyosaki talks about it in rich Dad Poor dad.

Krishan

[Sniper]

[ QUOTE ]
The 16% solution.

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The book is about how to make $$$ with tax lien certificates.

[krishanleong]

[ QUOTE ]
[ QUOTE ]
The 16% solution.

[/ QUOTE ]

The book is about how to make $$$ with tax lien certificates.

[/ QUOTE ]

Yes, I'm interested in hearing about anyone who has done this or at least read the book. I have 40K in ING and this sounds like an interesting alternative.

Krishan

[DesertCat]

[ QUOTE ]
The 16% solution.
link (http://www.profitadvisors.com/16percent.shtml)

Kiyosaki talks about it in rich Dad Poor dad.

Krishan

[/ QUOTE ]

This was discussed before and someone posted a link to a professional real estate investor who invests in said certificates said they aren't easy or risk free. I tend to believe him because of two reasons, first there is no such thing as a "risk free" 16% return. There are hundreds of billions of dollars availabe to state and local governments if the investment is truly guaranteed. Right now they are paying around 4-5% for regular debt that still has a (very slight) risk associated with it.

Secondly, if this opportunity is really as good as he says, why would you write a book about it so that thousands of people would horn in on your action, bid the certs higher, and turn them into risk free 3% return investments?

Doesn't seem to add up, but what do I know? The only way to find out for sure is to try it once, preferably with a small investment and see how it goes before you put any more effort or cash into it.