What's to stop someone with a good credit score etc, from getting a loan from like mintos and loaning it out on prosper for a hire %?
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Free registration at the forum removes this block.What's to stop someone with a good credit score etc, from getting a loan from like mintos and loaning it out on prosper for a hire %?
What's to stop someone with a good credit score etc, from getting a loan from like mintos and loaning it out on prosper for a hire %?
That is a common fallacy. I have many clients with large sums sitting in their deposit accounts because they have no idea what to do with it.
If you think about it though it makes sense. They are successful because they know their business. They are focused on what works for them. Money management is not their area of expertise.
I recently had a client with a ecomm business and he had over $1mm in his checking account. He had no idea what to do about it.
Right now my P2P loans are 50% on Mintos and 50% on Twino (also with buyback guarantee). You should also check Twino @GlobalWealth , they are doing 14.9% on long term loans. The buyback guarantee is on them, but they are owned by a bigger financial group FinaBay which looks really solid.
I have 25% on 12+ month loans at 14.9% and 75% on 1 month term loans at 12.9% (this is "business money" so I need it liquid).
To the people that think this isn't fastlane, I'm living off the interest of part of my business cash reserves, I could have to be working 8+ hours / day to have that covered.
Man who cares about a 5% return, I would invest it all back into my own business and earn 100% return or more. Besides who do you trust more, some random broker/company or yourself. If you invested it all in yourself and lost it all you have no one to blame but yourself, and this way you get to dictate about where the money goes and what it is used for.
Besides if you invest it back into the business(atleast in my country, you don't have to pay as much taxes)
You're sort-of missing the point. The book (which this forum stems from) talks about it more detail (read it, or re-read it, whichever may be the case). At some point you've generated wealth from your own business, now you don't want the daily grind of running an existing, or start a new business. Instead, you wish to invest it in the high return, yet lowest possible risk way. That's what this thread is all about. A 5% return on your 10 million dollars is 500k/year. Most people can live comfortably on that
Yes I got the point but that is already when you are rich.
yes haha sorryHence the point of this thread
It's called outsourcing your business... you hire someone to manage them for you!Defeats the point of what op is getting at. He wants basically 100% passive return for his investment. Why waste your time (not that I'm saying its good or bad) in real estate or a bar/restaurant where you then have to people manage.
It's called outsourcing your business... you hire someone to manage them for you!
But you still have to mange that person at the end of the day. I guess the same could be said for the investment as well.
Vanguard is like the holy church of asset management. They're some of the more conservative ETFs. Oil will rebound. I'd long VelocityShares 3X Long Crude Oil ETN, ticker UWTI. This ETF triple leverages your position. Additionally, I see people here say get real estate....Does anyone actually want to be a landlord? Buy REITs. Add RSO specifically, yielded just under 15% with a low debt-to-equity ratio. If all this is still confusing, look into http://www.motifinvesting.com which is like a community investing platforms where you invest in "themes" which are industry-segregated bundles of stocks up to 30. Do any of this, and you'll be laughing. Due to all the talk of this, I think I'm going to write a thread on this and hope it's marked gold. Cheers.I've been looking at all the Vanguard ETFs and nothing gives around 5%, not the VIG or anything in dividends.
The only things giving 5% would be a really extremely risky bond for corporations or international bonds.
What are you investing in that gives 5% returns for your money system?
Vanguard is like the holy church of asset management. They're some of the more conservative ETFs. Oil will rebound. I'd long VelocityShares 3X Long Crude Oil ETN, ticker UWTI. This ETF triple leverages your position. Additionally, I see people here say get real estate....Does anyone actually want to be a landlord? Buy REITs. Add RSO specifically, yielded just under 15% with a low debt-to-equity ratio. If all this is still confusing, look into http://www.motifinvesting.com which is like a community investing platforms where you invest in "themes" which are industry-segregated bundles of stocks up to 30. Do any of this, and you'll be laughing. Due to all the talk of this, I think I'm going to write a thread on this and hope it's marked gold. Cheers.
P.S: No to P2P vs. a professionaly-managed REIT.
What's the % of your portfolio invested in P2P loans? I'm considering putting some money into it; just not sure percentage-wise how much (I stay away from the stock market, so P2P would probably become my primary more aggressive investment).
I'm pulling out the 50% I have on Mintos this month, will need the money soon and almost all 1 month loans get stuck for 2 months until they buy them out (which isn't that bad, since they are still paying interest, but bad for liquidity).
Will keep using Twino, 50% long term 2 year loans and 50% 1 month loans.
I've been looking at all the Vanguard ETFs and nothing gives around 5%, not the VIG or anything in dividends.
The only things giving 5% would be a really extremely risky bond for corporations or international bonds.
What are you investing in that gives 5% returns for your money system?
Vanguard is like the holy church of asset management. They're some of the more conservative ETFs. Oil will rebound. I'd long VelocityShares 3X Long Crude Oil ETN, ticker UWTI. This ETF triple leverages your position. Additionally, I see people here say get real estate....Does anyone actually want to be a landlord? Buy REITs. Add RSO specifically, yielded just under 15% with a low debt-to-equity ratio. If all this is still confusing, look into http://www.motifinvesting.com which is like a community investing platforms where you invest in "themes" which are industry-segregated bundles of stocks up to 30. Do any of this, and you'll be laughing. Due to all the talk of this, I think I'm going to write a thread on this and hope it's marked gold. Cheers.
P.S: No to P2P vs. a professionaly-managed REIT.
Wow at that 22.22% Dividend even though it's low compared to before in terms of stock value, 22% is amazing.
It's called outsourcing your business... you hire someone to manage them for you!
When LINN Energy was trading at 12 bucks, it also had a 22% dividend. Now it has a ZERO dividend and is trading at two bucks. In other words, a stock with an advertised 22% dividend is advertising for suckers who'd rather not visit the casino.
Here's a recent article that highlights some stocks with 5% dividends. In this list, I'd be favored toward the commodity movers and utilities.
http://www.fool.com/investing/gener...s-yielding-5-or-more-do-exist-here-are-5.aspx
VelocityShares 3X Long Crude Oil ETN, ticker UWTI
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