Comments (13)

Aug 19, 2012 - 12:52pm
WSOusername, what's your opinion? Comment below:

You can fool around with fixed income through lendingclub or prosper. I wouldn't call it an "occupation" per se, and I certainly wouldn't day trade- shit's garbage. Going to the casino and letting it ride on the roulette wheel would be a better use of your time and money than that shit imo

GBS
Aug 19, 2012 - 1:52pm
Misanthropology, what's your opinion? Comment below:
GoldmanBallSachs:
You can fool around with fixed income through lendingclub or prosper. I wouldn't call it an "occupation" per se, and I certainly wouldn't day trade- shit's garbage. Going to the casino and letting it ride on the roulette wheel would be a better use of your time and money than that shit imo

My friend told me it's extremely risky. He made 6 loans before realizing it would be a disaster. He only had two loans to pay back in full. 2 others got their loan discharged in bankruptcy a few months after getting his money; 2 others stopped paying and as a micro-lender, you don't have any ability to pursue them. Overall he lost $25-$50 and it was a small price to pay for the lesson of don't do it.

Best Response
Aug 19, 2012 - 2:56pm
WSOusername, what's your opinion? Comment below:
Misanthropology:
GoldmanBallSachs:
You can fool around with fixed income through lendingclub or prosper. I wouldn't call it an "occupation" per se, and I certainly wouldn't day trade- shit's garbage. Going to the casino and letting it ride on the roulette wheel would be a better use of your time and money than that shit imo

My friend told me it's extremely risky. He made 6 loans before realizing it would be a disaster. He only had two loans to pay back in full. 2 others got their loan discharged in bankruptcy a few months after getting his money; 2 others stopped paying and as a micro-lender, you don't have any ability to pursue them. Overall he lost $25-$50 and it was a small price to pay for the lesson of don't do it.

I know some ppl here formed a CDO of sorts through it, and it did pretty well. Perhaps your friend just didn't diversify well. Regardless, I wouldn't fuck with it either, lol. Probably b4 the stock market though, but again this is all imo.

GBS
  • 2
Aug 19, 2012 - 12:57pm
happypantsmcgee, what's your opinion? Comment below:

We outsource so IT strategy stuff to people who work at home. Tangential to finance but pays alright I think.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
Aug 19, 2012 - 1:05pm
Misanthropology, what's your opinion? Comment below:

Maybe occupation is not the right word. Maybe replacing it with a word that means the 'profit through activity' would be more accurate; except I can't find a word like that.

Thanks for the suggestion though.

Aug 19, 2012 - 1:15pm
SirTradesaLot, what's your opinion? Comment below:

I hear porn is starting to gain traction online. Could be the wave of the future.

Aug 3, 2015 - 4:05pm
UTDFinanceGuy, what's your opinion? Comment below:

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"It is better to have a friendship based on business, than a business based on friendship." - Rockefeller. "Live fast, die hard. Leave a good looking body." - Navy SEAL
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