tag:blogger.com,1999:blog-6244999628674918029.post6952418543136491013..comments2024-03-28T19:58:31.110-05:00Comments on Bayou Renaissance Man: Some sage advice from Captain CapitalismPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6244999628674918029.post-46358978659381682462015-09-19T06:08:30.536-05:002015-09-19T06:08:30.536-05:00@ Anonymous:
It can be. I have made a few loans to...@ Anonymous:<br />It can be. I have made a few loans to friends at a profit. The terms are usually that I loan you $1,000 and the friend pays me back $200 a month for 6 months. That works out to a 40% rate of return, which is a bit higher than sub prime credit card rates.<br />Before you ask, no I don't feel guilty at all, and I don't view it as gouging. There is a significant amount of risk there that I must account for, and if my friend doesn't like it, he can go get a bank loan.Divemedichttps://www.blogger.com/profile/14583007051962299381noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-28907330175936545592015-09-18T09:45:37.057-05:002015-09-18T09:45:37.057-05:00"Lending money to friends" is better tha..."Lending money to friends" is better than investing in an IRA? He's kidding, right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-30332355854665566842015-09-18T03:52:15.830-05:002015-09-18T03:52:15.830-05:00First, he's right - stocks, bonds, IRAs, 401s,...First, he's right - stocks, bonds, IRAs, 401s, etc. are just amorphous promises to hold your money, add something to it over time, and then - hopefully - return it to you. <br /><br />Concrete investments in which you can have some say about the operation of offer greater control, but beware of the hidden attached strings. Being a partner in a neighborhood hardware store is good, but that store's success is dependent upon obtaining merchandise to sell, which may not always be the case. Inconsiderate Bastardnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-5438064565909593692015-09-17T14:18:37.909-05:002015-09-17T14:18:37.909-05:00Yes - and no. I do not know anyone who is dong any...Yes - and no. I do not know anyone who is dong anything needing any investment money. Well, apart from a guy I met casually who intends to "retire" from being a drug dealer and become a legal marijuana distributor, and has eight investors but needs two more to rent a warehouse... <br /> <br />Another possibility? Many years ago, I bought triple-tax-free (no local, State, or Federal taxes) bonds. At the time they returned about three per cent, but being tax free the actual return was about five per cent Against this idea is they are usually for projects, such as building a dam, of a foreign government so try to be aware of their politics and likelihood of default. John Ahttps://www.blogger.com/profile/00801684602403824157noreply@blogger.com