https://old.reddit.com/r/borrow/comments/1hv1fev/unpaid_upresentstomach2909_800_1_month_overdue/
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peepeehands
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/u/DismalAd9 has not taken and completely paid back any loans.
/u/DismalAd9 has 165 loans paid as a lender, for a total of $92355.98
/u/DismalAd9 has not received any loans which are currently marked unpaid
/u/DismalAd9 has 25 loans unpaid as a lender, for a total of $12355.00
/u/DismalAd9 does not have any outstanding loans as a borrower
In-progress loans with /u/DismalAd9 as lender (24 loans, $12060.00) (17 loans omitted from the table):
financial analysis time:
it seems a three month time to pay is normal, at 20 %. That is about 80 % per year. that is 74k+12k so 86k loaned out. He lost 12 k, and won 18 k. So he got about 6k profit a year on 86k. Assuming a year of doing this shit. That's a gross of 7 %. Return on capital in the market is, say, 4 % average, so he is 3 p.p above market.
dramabros, should we get into this??
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Seems like more work than a couple percent in a mutual fund is worth tbh
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Yeah, if you put money into the S&P 500 you would've made 20% this year.
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You could also lose 10% on the S&P next year
...Of course, you could also lose much more than 10% off of rebbitors if the economy smacks back that hard, too. 
Choices, choices.
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Stocks have way outperformed 4% the past few years. Probably 10% the last 3. He's absolutely losing money compared too just parking it.
Cope and seethe trump for prison is dead
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you could automate it, maybe even get people like
@J or 
@BrokeBackBuck to write a machine for it based on best loan takers
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Yo, Ya comment got automatically removed cuz ya forgot ta include
Trump for prison. Don't worry, we gotchu! We ain't gonna letcha post or comment nuttin' that don't express ya love and acceptance towards minorities. Feel free ta resubmit ya comment withTrump for prisonincluded. This is an automated message; if ya need help, ya can message us here.Jump in the discussion.
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Those returns are not high enough to justify the beta on lending money out to reddit dogwalkers
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Are you implying this is high risk lending?
Surely you don't think people would just lie and ghost you online?
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wrong, loaning out money to single redditor moms at 20 % per month is alpha af
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zoz
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zle
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zozzle
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Yes but lend it all to me
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why would you pay up when your loanshark is some fatass on reddit?
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Are there any consequences? I can just go rip off redditors using my numerous aged accounts?
Putting the
in
spookieturkeymerrynew yeardonkeyJump in the discussion.
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Their "Media Inquiries" subsection on their wiki:
Why is the subreddit public then? Why does it let any 4 month old account with modest karma beg for money? This is the most tortured logic I've seen.
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That sub is insane. I guess you could profit off it if you're smart? But so much of it seems to be scammers. And even if you profit slightly off a couple loans, all it takes is one $500 loss to negate it.
Not like they're the mob and know where the people live.
Idgi
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As long as your expected interest is >500, you can do local loans in person and follow them around for the rest of the day so you know where they sleep.
Seems like a nice change of pace from any office job and you can even do it after your day ends
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This all hinges on your desire to beat the frick out of poors over a few hundred bucks.
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Okay you've convinced me
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I'd do it for free but my morals require an excuse
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I used to lend money there. Probably around 5k over the years. Almost everyone paid. It was back when secretsanta, randomactsofpizza, and various other do-good, non-political subs still existed.
That's not the case anymore.
Every sub or thread is now just opportunity for reactionary idiots to agenda post about their wittle feelings. To heck with your super special identities.
Pay your own frickin' tabs on the way down, too.
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Can you lend me some money bro?
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Done (gift)
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Lend me some dc saar??
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Pls lend me 12000 dramacoins, I will pay u back bby
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Yes I will give this person $800 bucks.
Why aren't
all over this instead of tax and check fraud?
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I love it when redditors go full gas setting up these elabourate scripts to manage their r-slurred "communities," like those 'safebots' that ban you from half of Reddit for posting in no-no subs.
I love it even more in this case when they're going full gas into setting up an unregulated credit and lending service and they're almost certainly going to get bummed to death by the law the instant the next peepeehead with $100k+ to spare gets pissed when his money doesn't come back to him.
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I wonder what the highest loan given out on that sub was
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I just want the IRS to come knocking for an explanation why they've received thousands of dollars worth of income they haven't reported, only to be told "i loaned them the money first from Reddit dot com"
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πΈπΈπΈ
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They're just giving money away to strangers on reddit? I need to make a new account.
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Darn.
Can I get 70k for 2% APR on Reddit?
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Kill your mother before she kills you.
Snapshots:
https://old.reddit.com/r/borrow/comments/1hv1fev/unpaid_upresentstomach2909_800_1_month_overdue/:
undelete.pullpush.io
ghostarchive.org
archive.org
archive.ph (click to archive)
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