Timeline for Should I take out a loan for a friend to invest on my behalf?
Current License: CC BY-SA 4.0
30 events
| when toggle format | what | by | license | comment | |
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| Mar 12, 2019 at 20:17 | comment | added | Ganesh Sittampalam♦ | If anyone wants to discuss @DJClayworth's comment further, please take it to meta rather than re-flagging. We can only accept or decline flags which lacks nuance. | |
| Mar 12, 2019 at 15:10 | answer | added | R.. GitHub STOP HELPING ICE | timeline score: 5 | |
| Mar 12, 2019 at 12:56 | comment | added | DJClayworth | I'm going to leave the comment, because it didn't imply that either accountants with a bad credit rating or fitness instructors who are obese are always bad, just that they should be a cause for closer investigation. I'm pretty sure your friend expects people to ask questions before taking fitness advice from him. | |
| Mar 12, 2019 at 12:18 | comment | added | JTP - Apologise to Monica♦ | @Mindwin - I can see that what started out as an appropriate simile might be taken as hurtful. To focus back to the question (as you do with the source of potential obesity) perhaps asking OP to give better detail on the friend's financial situation might help us move forward? For now, I'll let DJ decide whether to remove what you took offense to, given that so many found the comparison useful. | |
| Mar 12, 2019 at 12:09 | comment | added | Mindwin Remember Monica | P.S: The fact the joke got 189 upvotes is also a big problem. | |
| Mar 12, 2019 at 12:08 | comment | added | Mindwin Remember Monica | @DJclayworth I am flagging your comment as offensive. I DO KNOW a fitness instructor with an obesity problem. He has a hormonal disfunction and he work out to NOT get more overweight. - - - - - You are basically dismissing a medical condition (obesity) as bad habits. While it CAN be a condition acquired solely by bad habits, the spectrum of cause is way broader to just handwave as a joke. | |
| Mar 12, 2019 at 8:11 | answer | added | Dmitry Grigoryev | timeline score: 3 | |
| Mar 12, 2019 at 0:13 | comment | added | Pierre B | @vsz: have you wondered whether the part of the biz deal with mob was a tale of this guy? Maybe there was no mob at all willing to kill him, just him not admitting he sucks at pocker. The whole thing sounds like a movie plot. | |
| Mar 11, 2019 at 19:44 | answer | added | blankip | timeline score: 8 | |
| Mar 11, 2019 at 15:25 | vote | accept | Mirror318 | ||
| Mar 11, 2019 at 15:21 | comment | added | CubicleSoft | Does this "friend" regularly gamble or participate in lotteries? They don't mind you being on the hook for $7,000 + interest, which implies a bad character trait and someone you don't actually want to be exchanging money with. Also, I'm getting vibes of a classic long-con here: Make "friends", claim investment opportunity requiring a large sum of money, take money and run. The fact you are being skeptical/cautious is good. Have you asked to see their CPA license and confirmed it to be in good standing at cpaverify.org? | |
| Mar 11, 2019 at 15:07 | answer | added | J. Chris Compton | timeline score: 7 | |
| Mar 11, 2019 at 14:52 | comment | added | Patrice | So.... I'll give your family friend a lot of credibility and assume he's right about everything. There is nothing that is 100% guaranteed at 25%... so, if he's ok splitting the profit, is your friend also ok splitting the hit in the unlikely event he is wrong and you lose money instead of win it? If he doesn't have enough money to get 7K in loan... will he be able to repay you 1K if you end up losing 2? Or does he just hope that you will split profits with him, but take the hit fully if he's wrong? | |
| Mar 11, 2019 at 5:39 | comment | added | Dawood ibn Kareem | An accountant who uses the phrase "returns are guaranteed to be 25%" is a liar. | |
| Mar 11, 2019 at 0:25 | answer | added | WhatRoughBeast | timeline score: 2 | |
| Mar 10, 2019 at 22:05 | answer | added | user71981 | timeline score: 41 | |
| Mar 10, 2019 at 21:04 | comment | added | vsz | @DJClayworth : I don't know, I heard the story from some of those family members and friends complaining, after he later admitted why he was loaning all that money. Given that he was financially utterly ruined, I doubt he payed them back the money anytime soon, if at all. | |
| Mar 10, 2019 at 21:00 | history | tweeted | twitter.com/StackFinance/status/1104849529571028997 | ||
| Mar 10, 2019 at 20:55 | comment | added | DJClayworth | @vsz Did he pay back the money to his family and friends? | |
| Mar 10, 2019 at 20:22 | history | protected | JTP - Apologise to Monica♦ | ||
| Mar 10, 2019 at 20:03 | comment | added | vsz | It's just anecdotal evidence, this is why I post it here: I know of someone who made a very shady business deal with the mob which failed horribly, and so he ended up with a huge debt to them. He then proceeded to borrow the money from friends and family under very similar pretexts as in this question. He even asked them to not tell it to anyone else, so he managed to borrow a lot of money from many of them, several thousand at a time. He was fearing for his very life, so he rather risked alienating his friends and family, they would maybe shun or at most sue him, but probably not murder him. | |
| Mar 10, 2019 at 19:26 | comment | added | DJClayworth | "Accountant with bad credit rating" is like saying "fitness instructor with an obesity problem". | |
| Mar 10, 2019 at 19:09 | answer | added | alephzero | timeline score: 5 | |
| Mar 10, 2019 at 19:02 | answer | added | Michael Lorton | timeline score: 59 | |
| Mar 10, 2019 at 19:00 | answer | added | Ronnie Childs | timeline score: 12 | |
| Mar 10, 2019 at 18:19 | history | edited | Mirror318 | CC BY-SA 4.0 |
added 120 characters in body
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| Mar 10, 2019 at 18:16 | history | became hot network question | |||
| Mar 10, 2019 at 17:32 | answer | added | JTP - Apologise to Monica♦ | timeline score: 139 | |
| Mar 10, 2019 at 17:29 | answer | added | BrianH | timeline score: 113 | |
| Mar 10, 2019 at 15:49 | history | asked | Mirror318 | CC BY-SA 4.0 |