Quote:
Originally Posted by philfree
It's just something I have always considered doing. Wondered if I could make any money doing it. And just because I don't know something today doesn't mean I can't learn about it and then know it. Kind of like any business. Definitely need to be dealing with trust worthy people. I'm pretty sure gahk99 is just wanting to rustle my cattle though so I better watch out for him.
It's not like I'd bet the farm on it. It would also be easy for me to just park all my money in the market but I thought I'd think outside the box for different investments. I'm thinking about buying some rental properties too but I don't know everything about that either so maybe I should just go ahead and punt.
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Definitely agree that thinking outside the box isn't bad, and that if you learn about it in advance, then it's fine to go that route with "not betting the house" type money.
But I would definitely get educated about something before putting any money into it, unless again, you're investing in people that you seriously know/like/trust/respect.