08-14-2018, 01:36 PM
"Interesting. What sort of returns can an investor expect?"
Think of it more like charity, but if the borrower pays it back, you can give the money away again, or you can take the money back and try not to think about your inflation adjusted loss. I'm not sure if there is an IRS situation here that allows you to write off your losses in this manner.
Everybody's belief systems are different, but sometimes there are "returns" or losses that aren't measured by IRS codes.
There are other for-profit P2P lending/borrowing opportunities and I tried them. I'll stick to charity.
Think of it more like charity, but if the borrower pays it back, you can give the money away again, or you can take the money back and try not to think about your inflation adjusted loss. I'm not sure if there is an IRS situation here that allows you to write off your losses in this manner.
Everybody's belief systems are different, but sometimes there are "returns" or losses that aren't measured by IRS codes.
There are other for-profit P2P lending/borrowing opportunities and I tried them. I'll stick to charity.