Anybody use them for investments? Long story short--you invest in loans for other people and make money when they repay. You only invest in a small amount of the overall loan so you aren't burned too bad if/when you pick a bad one.

I was talking about this with a friend the other day. He makes about 12% return yearly and started by spreading out $2000 between nearly 50 loans of varying rates and risk. Hasn't been burned badly yet.

We're about to get some money back from a real estate deal we invested in and looking at some ways to reinvest the money.

The concept seems ultra-risky but obviously, you have a buddy who hasn't been burned yet. Not sure if I would go for it but it is interesting.

CSIBear said:

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The concept seems ultra-risky but obviously, you have a buddy who hasn't been burned yet. Not sure if I would go for it but it is interesting.

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You pick the lending profile (credit score, income, job, etc). I looked at it a few years ago but have never done it

It's money we had in cds. Those rates still suck.

Tie downs longer. Cds were 30day, 90 day, 6 mo, 1 yr so could get money out fairly quickly if needed it. One seemed to be always maturing.

Agreed, CD rates are awful. If this works out for you maybe I'll look into it!

El Oso said:

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It's money we had in cds. Those rates still suck.

Tie downs longer. Cds were 30day, 90 day, 6 mo, 1 yr so could get money out fairly quickly if needed it. One seemed to be always maturing.

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My money's In horseshoes. That ****s gonna make a comeback.

tommie said:

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El Oso said:

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It's money we had in cds. Those rates still suck.

Tie downs longer. Cds were 30day, 90 day, 6 mo, 1 yr so could get money out fairly quickly if needed it. One seemed to be always maturing.

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My money's In horseshoes. That ****s gonna make a comeback.

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Translation: You left it all in Tunica.

There's good money in loan-sharking too. And less paperwork.