Ultimate College Softball
Register Calendar Latest Topics
 
 
 


Reply
  Author   Comment   Page 1 of 4      1   2   3   4   Next
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #1 
Bunch of smart fellas out there, if one had $5-10K of mad money to invest, has anyone ever tried to fund notes through the website known as Lending Club?  

Could someone throw out some 'new' ideas on how to invest 10K that wasn't old style CD or money market accounts.  I have enough invested elsewhere, stock market, bonds etc..  Looking for a place to protect principle and make money, haha aren't we all

__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #2 
Great point, me too [about the correction].  Is it never too late to buy gold?
__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #3 
Lending Club states 14% average rate from borrowers, 6% expected loss, 1% Lending Club fees = 5% net for lender.

That's an average they claim.  One dude in my search said he made 6-7%.
  I searched https://www.doughroller.net/investing/10-ways-to-invest-10000/
and Lending Club was #10 of 10

__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
pabar61

Registered:
Posts: 13,098
Reply with quote  #4 
Quote:
Originally Posted by keepinitreal
Great point, me too [about the correction].  Is it never too late to buy gold?


It's never too late to buy stocks, precious metals or real estate if you're willing to hold for a long time.

__________________
Will I Wynn is a poster who used to go by the name of Dewey.  He used to criticize people who did that.

"Once you open your eyes, it's impossible to be a Democrat." - CJ Pearson
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #5 
Got stocks, this is small amount of mad money not a lot of exposure to the market, 10K.  I could buy property but don't really want the upkeep and associated taxes.  Looking for something different, out of the box, easy.  Stow and go.

Maybe a piece of property on the Cajun Riviera

__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
BillSmith

Registered:
Posts: 6,768
Reply with quote  #6 

If you are wondering what to do financially, wait until I make my next move.

Here's a brief synopsis-

Sold a stock fund that was plunging during the market crash. (Remember Chuck/LMUfan pointing to the sky falling?) Bought conservative annuity. 4% return versus skyrocketing recovery. Oops!

Sold home in 2012. Didn't buy a condo shortly after. Condo doubled in price in four years. Home doubled as well. Oops!

Cars? Bought a Saturn Vue. GM shut down the franchise. Bought a Mitsubishi Eclipse Spyder. Model canceled, local dealership closed and since car was T-boned two months after initial purchase, was worth nearly nothing thanks to Carfax reports when selling. Bought a Toyota FJ. Now out of production. Minor oops!

Moved 401k to conservative funds. Recent market soared, right? Oops again!

Bought a sailboat. Used. Best buy on the market...at the time. Despite rising economy and the opposite of what I believed would happened, less expensive options now litter the market. Oops!!!

Bought a condo in the State of Jefferson. While the price has risen sharply in the year we've owned it, we missed on one that would have gained nearly $100k in that time.

So, you want advice? Like many sports betting prognosticators, simply wait for me to lay my money on red. Then bet black.


__________________
Sometimes you are the mole, sometimes the mushroom.
pabar61

Registered:
Posts: 13,098
Reply with quote  #7 

Here's how much the median home value in the U.S. has changed between 1940 and 2000:

  • 1940: $2,938
  • 1950: $7,354
  • 1960: $11,900
  • 1970: $17,000
  • 1980: $47,200
  • 1990: $79,100
  • 2000: $119,600
 

Here are those values again, adjusted for 2000 dollars:

  • 1940: $30,600
  • 1950: $44,600
  • 1960: $58,600
  • 1970: $65,600
  • 1980: $93,400
  • 1990: $101,100
  • 2000: $119,600

__________________
Will I Wynn is a poster who used to go by the name of Dewey.  He used to criticize people who did that.

"Once you open your eyes, it's impossible to be a Democrat." - CJ Pearson
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #8 
Lots of smiles reading at your expense, thanks Bill.  We have two things in common, bought a 2007 FJ in 2007, still have it with 117K miles, 3.5K paint job to get rid of the white roof and flaking paint, love it.  Runs like a champ, been offered 18K recently for what I paid 19K for in 2007, from the dealer where I service it.  I'll keep it another 10 years, thank you

2nd thing in common?  I remember reading LMUFan warnings, stayed in the market because that's what I was told to do, happy for it.  Where's the correction that everyone said was happening since 2013-14?  Did we lose so much in 2002 and 2008 that we 'deserve' this bull?  10 years of bull?

__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
BillSmith

Registered:
Posts: 6,768
Reply with quote  #9 
How about similar charting for minimum wage levels?

October 1938 (FDR): $0.25/hr ($4.15/hr in 2014 dollars)

October 1939 (FDR): $0.30/hr ($5.05/hr)

October 1945 (Truman): $0.40/hr ($5.20/hr)

January 1950 (Truman): $0.75/hr ($7.29/hr)

March 1956 (Eisenhower): $1/hr ($8.61/hr)

September 1961 (Kennedy): $1.16/hr ($8.97/hr)

September 1963 (Kennedy): $1.25/hr ($9.56/hr)

February 1967 (Johnson): $1.40/hr ($9.80/hr)

February 1968 (Johnson): $1.60/hr ($10.75/hr)

May 1974 (Nixon): $2/hr ($9.49/hr)

January 1975 (Ford): $2.10/hr ($9.13/hr)

January 1976 (Ford): $2.30/hr ($9.47/hr)

January 1978 (Carter): $2.65 ($9.51/hr)

January 1979 (Carter): $2.90/hr ($9.34/hr)

January 1980 (Carter): $3.10/hr ($8.80/hr)

January 1981 (Carter): $3.35/hr ($8.62/hr)

April 1990 (Bush): $3.80/hr ($6.82/hr)

April 1991 (Bush): $4.25/hr ($7.30/hr)

October 1996 (Clinton): $4.75/hr ($7.08/hr)

September 1997 (Clinton): $5.15/hr ($7.51/hr)

July 2007 (GW Bush): $5.85/hr ($6.61/hr)

July 2008 (GW Bush): $6.55/hr ($7.12/hr)

July 2009 (Obama): $7.25/hr ($7.80/hr)


__________________
Sometimes you are the mole, sometimes the mushroom.
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #10 
Yikes, restaurant workers in Texas are stuck at 1975 wages.



__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
woody

Registered:
Posts: 10,487
Reply with quote  #11 
Quote:
Originally Posted by BillSmith

If you are wondering what to do financially, wait until I make my next move.

Here's a brief synopsis-

Sold a stock fund that was plunging during the market crash. (Remember Chuck/LMUfan pointing to the sky falling?) Bought conservative annuity. 4% return versus skyrocketing recovery. Oops!

Sold home in 2012. Didn't buy a condo shortly after. Condo doubled in price in four years. Home doubled as well. Oops!

Cars? Bought a Saturn Vue. GM shut down the franchise. Bought a Mitsubishi Eclipse Spyder. Model canceled, local dealership closed and since car was T-boned two months after initial purchase, was worth nearly nothing thanks to Carfax reports when selling. Bought a Toyota FJ. Now out of production. Minor oops!

Moved 401k to conservative funds. Recent market soared, right? Oops again!

Bought a sailboat. Used. Best buy on the market...at the time. Despite rising economy and the opposite of what I believed would happened, less expensive options now litter the market. Oops!!!

Bought a condo in the State of Jefferson. While the price has risen sharply in the year we've owned it, we missed on one that would have gained nearly $100k in that time.

So, you want advice? Like many sports betting prognosticators, simply wait for me to lay my money on red. Then bet black.



When in Vegas, do the exact opposite of what your intuition tells you.

Invest in real property instead of stocks, bonds, or annuities. People that amass large amounts of viable real property leave their children something of continued appreciating value.

If I have had the money I have now 30 years ago, I would be set. Acreage I could have bought for 2-4K an acre is now selling for 20-25K an acre.

People get beat down by buying 1 or maybe 2 residential properties and try to flip them. Yes it's an investment, but not a huge money maker for the time and energy invested for the average investor, despite what the AM radio seminar, or HGTV would lead you to believe. if you can obtain 10-15 rental properties, you may do ok, but there is a lot of constant work and maintenance involved. More than the average person with a day job can do.

The two real money makers I know have a lot of commercial property investments. They buy an older strip center in an area that has promising demographics, leverage enough money into the financing to remodel it, and hold the property and bank the rental income. They buy a promising property near a large growing suburban area near a major intersection, develop office warehouse, or storage facilities on the rear of the property, and leave a 2-3 acre portion of the major road frontage undeveloped. They use the rental income off the lease payments to pay the financing, and wait for the right opportunity to develop the prime acreage. These guys don't develop and sell. They develop and hold in order to generate cash flow.

I have done work for this one guy on a handshake over the years. I was on one of his projects last year during the construction phase. One of the other tradesmen said he was looking at developing a similar type of property, and asked how long it took to pay off the loan, and break even. The GC says WTF are you talking about? Who cares about the F'ing loan, or break even date? (IOW the financing wouldn't have gone through unless it was a good investment) He said we are only interested in cash flow above expenses, and where we are going to invest that money on the next project.

Most people that draw a paycheck don't even have that kind of mindset. They are more likely caught up in how much the monthly payment on the new car is over 60 months as opposed to 48.

__________________
Ignorance is forgivable, and correctable with proper study. Stupidity is a way of life.


bluedog

Registered:
Posts: 10,842
Reply with quote  #12 
Money is the root-of-evil............
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #13 
The lust of money is root of evil but then you knew that. Sucks that you can never be believed again, once a liar.....your integrity is in shambles but then you knew that.
__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
pabar61

Registered:
Posts: 13,098
Reply with quote  #14 
Quote:
Originally Posted by bluedog
Money is the root-of-evil............


Root of evil shouldn't be hyphenated.

__________________
Will I Wynn is a poster who used to go by the name of Dewey.  He used to criticize people who did that.

"Once you open your eyes, it's impossible to be a Democrat." - CJ Pearson
bluedog

Registered:
Posts: 10,842
Reply with quote  #15 
Real in no way understands the lust-of-money...........But, I wouldn't expect him to........

Hoarding money is something to stay away from..........It's a Biblical principle..........There's a very good reason why......... 
pabar61

Registered:
Posts: 13,098
Reply with quote  #16 
Quote:
Originally Posted by bluedog
Real in no way understands the lust-of-money...........But, I wouldn't expect him to........

Hoarding money is something to stay away from..........It's a Biblical principle..........There's a very good reason why......... 


Another Biblical principle is not judging others...

__________________
Will I Wynn is a poster who used to go by the name of Dewey.  He used to criticize people who did that.

"Once you open your eyes, it's impossible to be a Democrat." - CJ Pearson
bluedog

Registered:
Posts: 10,842
Reply with quote  #17 
Unless someone is a Bible-believer and a follower...........Then, we must judge others...........The Bible tells us how-to-judge...........

If you read, you'll learn that.......
pabar61

Registered:
Posts: 13,098
Reply with quote  #18 
Wrong - there is only one judge.  Trust me, it's not you.
__________________
Will I Wynn is a poster who used to go by the name of Dewey.  He used to criticize people who did that.

"Once you open your eyes, it's impossible to be a Democrat." - CJ Pearson
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #19 
Dave Ramsey is my friend bluepuppy
__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
bluedog

Registered:
Posts: 10,842
Reply with quote  #20 
Quote:
Wrong - there is only one judge.  Trust me, it's not you.


The Creator has the final judgement...........I'm not judging others on that - just on their lifestyle, as I'm commanded to do............
bluedog

Registered:
Posts: 10,842
Reply with quote  #21 
Real judges me on lying...........But, he's probably high on marijuana when he does...........
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #22 
Bluedog you were one of those Marines who never had any money, I knew Marines like that. They were always in debt to the smart Marines that lent them $70 for $100 in return. Maybe you were the $100 borrower for $150
__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #23 
I'll catch ya next payday if you can front me $20 brah
__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
bluedog

Registered:
Posts: 10,842
Reply with quote  #24 
Where I was we had no use for money...........Some dry socks would come in handy, though...........And, an extra canteen of fresh water - instead of stream water and a sterilization pill.........Extra bug juice would work, too....... 
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #25 
Quote:
Originally Posted by bluedog
Real judges me on lying...........But, he's probably high on marijuana when he does...........


Lying is a lifestyle, one in which I'm commanded to judge. You know how stupid you sound right? Snap out of it man, sniffing that paint kills what little brain cells you have left

__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #26 
Bluedog don't be one of the 20 a day please, substitute Burma shave for that paint can
__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #27 
Quote:
Originally Posted by bluedog
Where I was we had no use for money...........Some dry socks would come in handy, though...........And, an extra canteen of fresh water - instead of stream water and a sterilization pill.........Extra bug juice would work, too....... 


And you never got those socks and that foot rot spread up from your foot

__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
bluedog

Registered:
Posts: 10,842
Reply with quote  #28 
Real, have fun with my overseas service all you want.........I'm oblivious to it -  got used to that sort-of-thing a very long time ago............

You're right about the foot rot - got it pretty bad..........Dysentery too............
keepinitreal

Registered:
Posts: 28,903
Reply with quote  #29 
I'm having fun because you don't have money and you don't have socks, I said nothing about your overseas service, you did. I can't tell now when you're lying, from being real or chumming so you'll get the same from me, steady gullet full of chum
__________________
"Getting your motor revved about taking our guns is going to be what undoes your efforts."

"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
bluedog

Registered:
Posts: 10,842
Reply with quote  #30 
I had money at one time - lived that life..........Not anymore.........
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.