So how much can your investment in the SDP yield? Well let’s just do a quick calculation of $10,000 placed in the beginning. Then compile your money at 10% quarterly for five quarters. Four quarters for your yearlong deployment and the fifth quarter is for the extra three months it can collect interest after you return from the deployment. In the end, you pocket an extra $1,314 when you collect your money back.
I hope by now the free money with no risk has captured your attention. So let’s get you qualified to start investing. To qualify, you must be deployed to a region where you will qualify for hostile fire pay for a minimum for thirty consecutive days or at least one day of three consecutive months. The thirty day requirement gives yourself some time to get your finances straight and see how much money you can invest. You do not have to invest all of your money in the beginning. Instead you can add to your investment every month with an allotment.
You can collect the funds back upon completion of your deployment. The funds will be direct deposited to your account after 120 days redeployed. If you would like to request your money sooner, you can request the funds with your MyPay account. Under times of emergency, you can request your funds while still deployed; making this a safe and liquid investment opportunity.
Now you have decided to start your SDP where do we begin? Simple, meet with your unit’s S-1 or your local finance office to begin your investment.
Check back in about a week when I will have a review of a new peer to peer lending research tool called Number Whale. As with any form of investing, having the ability to perform research gives you the edge. Follow the link to their site to pre-register and receive discounts at their October launch.
