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
 
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
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
 

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