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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
I received a letter from VISA today. My card is offered through RBC:
(please click to enlarge)
The offer wonderful cheques which carry the same regular interest rates of 19.5%. The left hand does not know what the right hand does. The same bank offers a no hassle very fat line of credit at the rate of 1.75%.
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