Comments on: I’m Still A Recovering Addict

By: Ryan

Ryan — Thu, 09 Jul 2009 13:24:15 +0000

I can speak from experience when it comes to real estate. I rent out a house that was purchased when I was in college. Currently the rent brings in $400 more a month than the mortgage, which is a very good return. On the other hand though, owning and renting real estate is a constant source of worry. I rent to college kids, which carries a different set of issues than most people get renting to a single family, however either way you will end up purchasing your earnings through worry.

I don’t think with credit as tight as it is at the moment that flipping houses is as viable an opportunity as it once was.

By: debt kid

debt kid — Wed, 08 Jul 2009 21:42:54 +0000

I’ve been thinking about this same thing. There is always real estate, but that’s not something I know a ton about, plus you need lots of money there. There is Lending Club for sure, and I feel confident about that. But even then you are only talking 9% returns…I may have some posts on “alternative investing” options in the future, it interests me as well.

By: Steve

Steve — Wed, 08 Jul 2009 21:10:41 +0000

So what advice would you give to people who know little to nothing about stocks and would rather avoid the spinning headache caused by attempting to figure out what any of it means, stock lingo is all so scary & confusing lol. We know Bank CD’s and IRA’s are options but what else is out there? Maybe some ideas for other non “traditional investor” types who have a pile of money just sitting in a savings account because they don’t know where else to put it?

By: debt kid

debt kid — Wed, 08 Jul 2009 17:56:32 +0000

Thanks Jessica!

By: jessica w

jessica w — Wed, 08 Jul 2009 13:52:57 +0000

That sounds so stressful!! So sorry that you’re still struggling with it. Hang in there and enjoy your sleep!

I felt similarly when I gave up politics (I used to be very involved in politics and worked as a lobbyist). Now I’ve just started reading the newspaper again after a two and a half year hiatus. I literally had to ban myself from reading the papers becuase it was too stressful. It’s been a long time since I’ve had a nightmare about it too.

It’s good to feel like a person again. Keep up the recovery! You’ve got a team cheering you on now!

By: rd

rd — Wed, 08 Jul 2009 13:34:22 +0000

The stock market was bloated by cheap credit which artificially drove up the prices of stocks just like it did for houses. Stick with Lending Club, in the end you will get a better and more stable return on investment.