X-Message-Number: 20598
From: 
Date: Thu, 12 Dec 2002 12:55:42 EST
Subject: Pay for cryonics

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Four years ago my flat in Paris was destroyed by a fire in the building. I 
see only now the end of the problem.  Its walue today is in the $ 60 000 
range, up to 50 percent from 4 years ago. I know life insurance and stock 
market are the choice for cryonics, but real estate seems far mare secure and 
valuable. John de Rivaz and some other have argued that technology shares are 
THE way to go (they must have the best growth rate on the long term and can 
be sold at any time). The problem is that if you have bought them 3 years ago 
and want to sell them now there is a big problem.

In France wa have the so called Societe Civile Immobiliere, a way to buy a 
real estate properties with shares. Usually you can't sell them back as 
swiftly than a stock market share, but that could be solved with a special 
fund.

For example, I could contribute now up to $ 10 000 to such a fund. If half a 
dozen people could do that, the fund would work. 

How that would work? Assume someone want to sign up. That person would buy 
shares for $45 000 using a loan for example. Earning from the real estate 
property would pay for debt, an insurance would cover the premature death 
risk. When the sum must be used, the fund would buy back the shares at a  
lower price, may be $ 40 000. In the comming months the fund would sell back 
the share at the initial price. A fund provider would so give $ 10 000 a day 
and get back $11 000 some months later, a good interest rate. The share buyer 
would loss nothing as most if not all of the sum would come from real estate 
earnings.

Ideas? comments?

Yvan Bozzonetti.

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