I Want To Take Out A Loan

disregard risk-reward, acquire currency

worst wso troll...please ban this one and bring back mudkipz

@WalMartShopper

THANK YOU. Bring back mudkipz/blastoise/swagon

You should have the same rationale with your patients. Always take the riskiest course of action. Have a head cold? Transorbital lobotomy should fix that.

Why not, I mean if you really want to go for it put 300k down on a coin flip game. 50% 50%. I have actually found out a way to drastically increase your odds at coin flip.

heister:

Why not, I mean if you really want to go for it put 300k down on a coin flip game. 50% 50%. I have actually found out a way to drastically increase your odds at coin flip.

Go on...

Ready for this guy to be banned.

this guy sucks

Make sure you spread the wealth with your WSO pals if you win

negative EV move.

Bring back the wittier trolls

Okay, I spent 20 minutes at work reading this, including going over to that thread where you list all the crap you're going to buy with your $3M. Successful trolling. Screw you, dude.

But seriously.. Why don't we see more people with nothing to lose going double or nothing on borrowed money?

And how hard is it to get a loan internationally? Do they check your credit? I imagine going delinquent on a loan in Taiwan wouldn't show up on a credit check in Berlin. What if I want to take out a loan in some third world country? Can't I do that, gamble, and gtfo if I lose?

I wonder how difficult it is to get a loan shark to give a foreigner money. Why not traverse Europe gambling loan shark money and dipping whenever you lose? Like, what are they really gonna do? Probably not shit.

sk8247365:

Heads I win tails you lose.

That is straight Neil Cafree.

it's a probability problem unless you can count well.

Beny23:

it's a probability problem unless you can count well.

I mean straight gamble the loans; don't play anything. And the E(r) of a casino gamble is negative, but if if isn't even your money, then fuck it. When you lose, leave. When you win, pay back the loan and leave.

The real risk is in potential retaliation from not paying back shady loans. So you'd want to pay them back when you do win to minimize that risk. And preferably not keep it up for too long. Or hire some protection. I feel like this would work in most of Europe and Asia if you move around fast enough.

I'm sure that the type of person that will give a foreigner money without any collateral will simply let you leave

thepie:

I'm sure that the type of person that will give a foreigner money without any collateral will simply let you leave

Well, it would have to be done cleverly. It would need to look like I'm a foreigner, but have been living there for some time: Enough to avoid initial fly-by-night suspicions. But not enough that my not knowing some cultural/landmark references would be suspicious. Maybe the front of having set up some online business that's currently breaking even, but the bank won't give me any more money and I have a great idea that will turn the business profitable, but requires an initial investment. Preferably some obscure shit so that their desire to understand can be outweighed by greed.

Maybe meet a girl with a kid and make it look like I'm with them long-term so the other party thinks that they have leverage.

Might just as well create a business, make some pretty powerpoints and hype up your company. Buy some land in a 3rd world country, salt some samples and call it a mining operation. Be promotional as fuck, pay yourself a lot of stock to wine and dine your shareholders and bam, you're a millionaire. Considering how incredibly watchful the SEC is you end up carrying far less risk with a much higher upside. /cynicism

On a serious note though, I think you underestimate loan sharks in general. They didn't get into a position to lend you money on a whim because they lose money on their 'investments'. Good luck with your strategy though, let me know how it works out for you.

thepie:

Might just as well create a business, make some pretty powerpoints and hype up your company. Buy some land in a 3rd world country, salt some samples and call it a mining operation. Be promotional as fuck, pay yourself a lot of stock to wine and dine your shareholders and bam, you're a millionaire.
Considering how incredibly watchful the SEC is you end up carrying far less risk with a much higher upside.
/cynicism

On a serious note though, I think you underestimate loan sharks in general. They didn't get into a position to lend you money on a whim because they lose money on their 'investments'. Good luck with your strategy though, let me know how it works out for you.

It's just a thought for now. There are other money-making schemes I need to give a fair shake first.