SL Investor's Bank?

I wouldn't necessarily call RL equity investing "gambling," but you don't have many of those protections there either.

Apparently I am much less of a pessimist than many who posted here. I have had good experience with this bank. *I am not associated with SLIB other than a depositor, had a loan, have bought their real estate and rent a stall in their mall*

I do agree that if you want 100% guarantee, then holding ANY money in SL, or in the RL stock market, is not for you. That said, here is some food for thot:

SLIB has paid about 1.5% per week. IF you were to take US$1000, place a limit buy at SLeX at the current highest rate, move those L$ to SL, and then sell them on LindeX, after the 3.5% Linden fee, you'd make about 1.5% (~US$15.00) And you have to TRUST SLeX, and TRUST SL to hold your L$ in your account (remember the TOS makes Zero guarantees about the veracity of their obligation) and you have to TRUST LindeX (a separate server system) to give you the USD when it is all done.

Regarding an earlier comment about taking your money out of SL and putting it in a RL bank: Yes, if you're cashing out. If you have fluctuations in your account balances, where you have excess L$ one week, and need them two weeks later, you pay 3.5% fee to Linden to sell, and then have to pay-or-wait-forever to get your USD.

So if you want to avoid those fees, and have your money do some work for you, I see this as a good option.

Regarding some comments that continue to try to equate SL to RL:

No regulation -- NOTHING in SL is regulated
No guarantees -- NOTHING in SL is regulated
No history -- SLIB is building one. Most of SL has less than 2 year's history
No recourse -- if you follow this forum, there is almost no recourse anywhere in SL
No safety net -- ditto

Ponzi schemes -- opinion only, no proof, especially in light of their weekly detailed reports going back several months (which is Forever in SL)

and my favorite negative comment of the thread:

uH, isn't that what RL Real Estate is all about???? How do you think the NYSE works: You give a company money, they apply their success formula Over_and_Over, and they split the profit