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Would you invest in a person you found online?

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smart-investor
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Would you invest in a person you found online?  Reply with quote  

Would you invest in a person you found from on the internet? I ask because I'm thinking about advertising to try and find people(s) to invest in me.

What I have figured is that something like that is doable as long as all concerns are addressed well. Feel free to share what your concerns would be.
Post Wed Jun 15, 2011 5:51 pm
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smart-investor
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Also, if anyone knows of any good service(s) to utilize to increase trust, let me know.

I'm an engineer and my mind naturally tries to think of solutions to problems. Maybe something already exists though. One of the things I want is like an official receipt service that can track/report on statistics. In my case I would want it to show the total ammount of money I have received from people in a way that couldn't be tampered with. I could design a system that does that if needed.
Post Wed Jun 15, 2011 7:42 pm
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smart-investor
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I wonder how good the person to person lending companies are. All I know of is prosper.com. Anyone know of others?
Post Thu Jun 16, 2011 1:30 am
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smart-investor
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I guess maybe I should create a person to person lending website.
Post Thu Jun 16, 2011 1:41 am
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wesley205
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I don't think that would go over to well. I personally wouldn't invest in someone online. I would need to know the person and be able to meet them in person when needed, be able to call them, etc...

Doing things online just seems very risky.
Post Thu Jun 16, 2011 4:55 am
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coaster
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quote:
Originally posted by smart-investor
I guess maybe I should create a person to person lending website.

It's already been done. Wink
Post Thu Jun 16, 2011 6:34 am
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smart-investor
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quote:
Originally posted by wesley205
I don't think that would go over to well. I personally wouldn't invest in someone online. I would need to know the person and be able to meet them in person when needed, be able to call them, etc...

Doing things online just seems very risky.


I've gotten that feeling to. What if you found them online and they lived local where you could meet them? That is like a goal I have in mind. I'm pretty sure I could target Google adwords to my local area.
Post Thu Jun 16, 2011 4:15 pm
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smart-investor
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quote:
Originally posted by coaster
quote:
Originally posted by smart-investor
I guess maybe I should create a person to person lending website.

It's already been done. Wink


It doesn't seem like any have done a good enough job maybe, at least with marketing. If they had then one of the previous lenders that turned me away should have pointed me to them.
Post Thu Jun 16, 2011 4:18 pm
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wesley205
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quote:
Originally posted by smart-investor
quote:
Originally posted by wesley205
I don't think that would go over to well. I personally wouldn't invest in someone online. I would need to know the person and be able to meet them in person when needed, be able to call them, etc...

Doing things online just seems very risky.


I've gotten that feeling to. What if you found them online and they lived local where you could meet them? That is like a goal I have in mind. I'm pretty sure I could target Google adwords to my local area.


Yeah you can target Google Adwords to your local area. So, your talking something more on the lines of a "craigslist" where you can be area specific, but people can post their investing idea or strategy, including their specifics and you can choose to invest in that person or not.

You could even incorporate a social network theme. The investor could have their own page and the investee can go through searching for someone and select from the people in their area or even abroad.

It's still risky though... I'm not sure how many people would participate in this from either end (investor\investee).
Post Fri Jun 17, 2011 6:16 am
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smart-investor
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quote:
Originally posted by coaster
quote:
Originally posted by smart-investor
I guess maybe I should create a person to person lending website.

It's already been done. Wink


I did some searching on Google. I can't find any decent p2p lending sites. All the lameness is causing me to not even have drive to create one. I think I'm probably going to call it quits with life soon. This world seems not suited for me.

If the car dealership hadn't turned me away the other day, things probably would have turned around. The BMW dealership had not one contact at a remotely smart bank. My case shouldn't have been turned away. It wouldn't even be hard to design a lending company that would have handled it. It was simply less easy than ideal, but not hard at all. Maybe all this is fate.
Post Sat Jun 18, 2011 1:30 am
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smart-investor
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quote:
Originally posted by smart-investor
quote:
Originally posted by coaster
quote:
Originally posted by smart-investor
I guess maybe I should create a person to person lending website.

It's already been done. Wink


I did some searching on Google. I can't find any decent p2p lending sites. All the lameness is causing me to not even have drive to create one. I think I'm probably going to call it quits with life soon. This world seems not suited for me.

If the car dealership hadn't turned me away the other day, things probably would have turned around. The BMW dealership had not one contact at a remotely smart bank. My case shouldn't have been turned away. It wouldn't even be hard to design a lending company that would have handled it. It was simply less easy than ideal, but not hard at all. Maybe all this is fate.


Somebody should work on starting a better lending company, even if it's not me. I was thinking some news companies could air stories about it and have it be a human interest story. There is a social responsibility for big business to not be stupid in ways that cost lives, if possible.

I was told by a bank they have high standards on fico score and that was why they turned me away. The best reasoning I can find says that shouldn't be counted against them. It's their choice. But by not even having a recommendation on a company that might be able to help they took a nose dive in terms of how I would score that business. The sad thing is it's hard to find a place that doesn't do that.

If one wanted to get ambitious, they could explore even how smart lending could be integrated into the government. I bet there are some pretty awesome possibilities, maybe just needing some other sibling things developed in parallel. I've wondered about the concept of the government offering the ability to have a closer relationship with those citizens that want it. A smart government wouldn't not lend money to a person if that was clearly would be a stupid choice.
Post Sat Jun 18, 2011 1:50 am
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coaster
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quote:
Originally posted by smart-investor
This world seems not suited for me.

Please go back and read my previous posts. You're not hearing me and you're not following my advice. The world is what it is. It's not the purpose of the world to be "suited" to anybody. And it is in fact NOT. So it's up to you, it's up to each of us, to make our own world in our mind and around us.. If your world isn't suited to you, then it's because you made it that way. Now get busy and change your world so that it is more suited to you.

The first step in any new process and any new goal is to choose the first step....the first goal....that is well short of the final goal, because this first goal must be achievable. It's in achieving this first goal, and not only that, but realizing that you achieved it, and giving yourself a pat on the back for achieving it that you gain the psychological motivation to go on to the next goal.

You already achieved that first goal, now give yourself some credit for it and realize you've already begun remaking your world. Focus on that and not on what has so far been out of your reach.

Now stop beating your head against a closed door and define your next goal that is achievable and that makes your own world more suited to you.
Post Sat Jun 18, 2011 4:12 pm
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smart-investor
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 Reply with quote  

quote:
Originally posted by coaster
quote:
Originally posted by smart-investor
This world seems not suited for me.

Please go back and read my previous posts. You're not hearing me and you're not following my advice. The world is what it is. It's not the purpose of the world to be "suited" to anybody. And it is in fact NOT. So it's up to you, it's up to each of us, to make our own world in our mind and around us.. If your world isn't suited to you, then it's because you made it that way. Now get busy and change your world so that it is more suited to you.

The first step in any new process and any new goal is to choose the first step....the first goal....that is well short of the final goal, because this first goal must be achievable. It's in achieving this first goal, and not only that, but realizing that you achieved it, and giving yourself a pat on the back for achieving it that you gain the psychological motivation to go on to the next goal.

You already achieved that first goal, now give yourself some credit for it and realize you've already begun remaking your world. Focus on that and not on what has so far been out of your reach.

Now stop beating your head against a closed door and define your next goal that is achievable and that makes your own world more suited to you.


I'm not sure about the world, but doesn't anyone care about helping a good guy who is going through a hard time? Does anyone want to make some money and have like $1000?

My next goal was to find someone online that I can hook up and help make a lot of money. They could get the added bonus of like helping me out of hell.

I went down to a bar last night thinking I could talk to some people about borrowing money. I felt awkward though and didn't talk to anyone.
Post Sat Jun 18, 2011 5:09 pm
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coaster
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Hey, everybody goes through hard times periodically. An awful LOT of people are going through hard times right now. They don't threaten to end it because nobody helps them. They do their best to fight their way through it all on their own if they have to. Giving up isn't the answer.

YOU've got a job that you make good money at. Lots of people would look at you and consider you a great success. Don't make liars out of them. Your work IS your first successful goal. Build on it and forget these pipedreams of how you could do so much better if someone would lend you the money. Obviously it's a no-go so stop barking up that tree.

If it's a genuinely good idea, keep it in the deep background and maybe at some time in the future will come another opportunity to bring it back for consideration. It it's a genuinely good idea, it'll wait. If it's not, it'll evaporate and go away and not bother you any more.

Now get off that self-pity pedestal and get on with life.
Post Sat Jun 18, 2011 11:19 pm
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