Quote:
Originally Posted by GregWeld
When I lend money --- I'm taking collateral. A title or secured creditor. First in line with hard assets. Otherwise I can just buy some more MO or T -- and collect a dividend.
While I like to help out -- I'm in it to make my money make money.
The problem with "lending" is that it's not liquid. I like / prefer liquidity. I want a premium return for giving up liquidity (think LLC apartment investing - where returns are 7% or so plus the upside).
Peer to Peer (P2P) lending typically is unsecured...
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Ok no disrespect but I believe your making a lot of assumptions. For example although your notes may have 36 month durations they are both callable and can be sold at anytime .. Since what your doing here is taking fractional percentages of thousands of loans it not as locked in as one might think. In fact that's one of the things I want advice on, assuming existing accounts which have solid history from someone oh wants to cash out