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re: If you received $500K, how would you invest it?

Posted on 5/17/14 at 9:06 am to
Posted by trillhog
Elite Membership
Member since Jul 2011
19407 posts
Posted on 5/17/14 at 9:06 am to
quote:

The personal doesn't mean anything 99% of the time, but people who refuse to sign personals make everyone triple their work.


Lol, tell that to a guy that's in financial trouble. Means everything.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 5/17/14 at 9:56 am to
I meant at origination.

You don't make loans you plan on having to use the personal guarantee on.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10242 posts
Posted on 5/17/14 at 9:57 am to
On community banks---watch out if people around town know you have $500k sitting around. Some little start up bank will want you to invest--DON'T. You may never get your money out of such a deal. Oh the bank may do fine but selling that small bank stock for what is worth is very hard.

I invested in one community bank and only then after the guys starting it promised me they would sell it in 5 years. They did and I did ok.

BTW--those banks like to talk to you about debt to worth but the truth is they are some of the most leveraged businesses that exists.

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