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Anyone ever heard of a "Fractional Christmas Club"?

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Old 06-19-2009, 02:59 PM #11
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does the guy who is in charge of the money get to keep the interest its earning in the bank account he choses?

Things that make ya go hmmm
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Old 06-19-2009, 03:02 PM #12
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Sounds unsound to me.. Hmmmmmm 50 x 24 members a month = 1200/mo. 2 years = 24 months. 24 x 1200 = 28,800. Well somebody's making some interest. 1200 maybe sounds risky and not very wealth oriented growth to me. to there are interest bearing CDs and accounts.

And there's no guarantee you'll ever win anything. Naw, don't like it .Apparently someone has access to all the money.
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Old 06-19-2009, 03:15 PM #13
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Quote:
Originally Posted by PolarExpress View Post
LOL..I read this quick & thought it said "I'd run like the chickens" . I'm going for the eye drops now..
I did the same thing!! I wondered if the chickens in Vermont are quicker than the chickens here in GA.
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Old 06-19-2009, 06:09 PM #14
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I also think that these schemes are illegal.
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Old 06-19-2009, 06:47 PM #15
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It seems all above board, but it just doesn't pass the smell test.
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Old 06-20-2009, 01:22 PM #16
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Quote:
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It seems all above board, but it just doesn't pass the smell test.

Sniff * Sniff *

Hmmm, smells like chickens!
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Old 06-20-2009, 02:24 PM #17
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Sounds like a "Suckers Anonymous" Club or "Suckers Unite" Club.

Who can afford to pay $50 a month and completely be unsure of any kind of return. Kicker did some great calculations and it just doesn't add up.

Glad you had the sense not to do it Earl. I'm proud of you.
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Old 06-20-2009, 08:42 PM #18
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I agree with Kitty. Put the money in an interest bearing account. Also, then you have access to it, if you end up needing emergency money.

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