Let's talk about money - The Finance Thread

I like this quote from the article:

Which is true

Any of y’all fuck with peer-to-peer lending investment sites? Thinking of putting some dough in one. That Monday crash few weeks ago royally fucked my portfolio. Going to read up more this weekend but the roi looks better compare to lolbank savings/checking account.

I’ve never heard of that one before Ninties. You got a link I can check out?

-Starhammer-

there are a few of them, the 3 poplar ones are lending club, prosper and lending tree.

I’m considering to learn more about Forex. Anyone here familiar with currency trading?

I’ve researched it somewhat, and from what I know you’d be better off going to the Casino if you like being taken to the cleaners. At the very least, it is totally unsustainable and unpredictable. It’s a way to either make a lot of money or lose a lot instantly. Basically if you lose, stop playing or if you win you should still stop playing with your winnings.

I was looking for a knowledge free way to make extra money, but from the sounds of it, you’d be better off gambling on your favorite sports team.

yea forex is not for the faint of heart. its up there with commodity trading and futures trading, shit that can clean you out. although people who were long the dollar this past couple years made a killing.

I think the forex market is way above my risk appetite, and I have seen people claim there is money to be made there, but I think it’s way too much risk for the average investor.

arbitrage

with the guys talking about trading gold/commodities; Are you guys actually in commodities or in the associated ETFs that track them? I was under the impression that the barrier to entry regarding commodities was a bit high. Am I mistaken/are there other pathways that I am unaware of?

I meant to post this earlier, but here ya go. Thanks goes to @SNAAAAKE for the info.

It is concerning affiliate marketing. As some if not all of you have seen in GD, he’s been posting up some juicy numbers every so often. I decided to check out some things to see if I can another avenue of money going. As always, PLEASE do research if you intend to give this a try!!!

-Starhammer-

Planning on getting a month of membership there and seeing where it takes me. Thanks for the links.

Learned from my personal finance class that there are great options for savings depsoits online.

Have or are any of you guys here are using them?

Those kind of ads Snake makes were all over Speedtest.net now

So, I finally paid off my 2014 taxes because I had to pay more because of the canceled debt on my five figure credit card balance and a foreclosed/auctioned off condominium that was on my 2014 taxes. Still have a total debt of about $10,000 currently. Going to pinch pennies and see about going to another veterans place that helps with claims, like the purple heart or DAV or something…

Funny how China stopped trading after a 7% plunge. If people don’t know by now. The markets are rigged. Basically, if you are putting your money in the market then you might as well go to casinos. Always remember, for there to be winners, there has to be losers, just like the games in casinos and NLHE, etc.

Same here. probably gonna do it in the next week or so.

-Starhammer-

Good thing I bought gold 4-5 months ago and got out of stocks…

BTW if you were going to buy any gold/silver, don’t get the ETF and buy physical metal. It’s actually pretty easy. The GLD ETF has over 300 claims per ounce of gold, which basically means if the fund goes bust, you’re not getting anything.

It’s coming up on tax time. Who do you all use?

-Starhammer-

Who else’s 401K took a beating in 2015?