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Any good investment sites out there?

Discussion in 'BlackHat Lounge' started by 2011nfl, Mar 31, 2013.

  1. 2011nfl

    2011nfl Supreme Member

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    As the title says, I'm looking for an investment site...... Kickstarter don't cut it, pledgie don't get enough traffic (plus they aren't actually investments), p2p lending like "prosper" have credit requirements..... I'm looking for a site with peer investors who invest to the terms that they negotiate with the payee. Anyone have any idea? let me know.
     
  2. 2011nfl

    2011nfl Supreme Member

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    I'm still looking.... I have been trying to get this offline biz going for the last couple of months, and in light of recent situations, I have done quite a bit of thinking and feel that it would be best for me to get it going asap. I've tried prosper, lendingclub, kickstarter, and even indiego, and a couple others, but they all either have some kind of credit requirement, or they just don't get enough investor traffic.

    Interest rate really doesn't matter much. I just need to find a good one.
     
  3. Junkfood00

    Junkfood00 Elite Member

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    Get a bank loan and keep all the profits yourself. Let me know if I helped!
     
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  4. 2011nfl

    2011nfl Supreme Member

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    Credit is an issue :(
     
  5. scarinessreported

    scarinessreported Newbie

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    How about gofundme .com not strictly an investment site but might work for you.
     
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  6. 2011nfl

    2011nfl Supreme Member

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    I haven't tried them yet. I will check it out. Thanks :)
     
  7. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Depends how much cash you're looking for. What sort of level we looking at?

    Most decent investors aren't going to negotiate directly with you on a small deal as their time is too valuable and the return too risky/not high enough... hence why p2p lending sites are so popular. If it's more significant in size then you're more likely to get their attention.
     
  8. 2011nfl

    2011nfl Supreme Member

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    Well, it's for an offline wholesale biz where each location costs about $5k to open up. So it is something I could do either way, Small scale ($5k) or larger scale.....
     
  9. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    The thing is that there are regulations for funding and investments, so it is kind of hard. I would try Kickstarter if it is something creative, I see many projects getting between 20k and 50k every day
     
  10. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Yeah you're not going to attract anyone at that level. Even if you offered an excellent return, the time it takes them to sort paperwork and due diligence wouldn't be worthwhile. For 5 grand in start up you should either borrow from friends/family or just hustle it together. You would also end up giving too much equity away to an investor. E.g. if I lent you the money I would want 50% or it's not worth it for me... and for you it also wouldn't be worthwhile.

    You're better off coming up with a plan that needs ~$50k. You'll get more interest at that level. It would have to have growth potential as it's unlikely you'll get anyone to invest at a level that's viable return wise if you're just expecting to give them a small flat % - especially seeing as it sounds like you have no track record and poor credit.
     
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