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Would You Invest Your Money With Me Directly?

I know sometimes some of my ideas are a little extreme. I realize this could be one of those, but I thought it would be worth asking. Otherwise, I’ll just keep thinking about it. Forever. Literally.

I’m a big fan of the Lending Club [1] business model to eliminate the bank, (which reminds me – don’t forget to get your Lending Club $25 Sign Up Bonus [2] if you haven’t already).

However, while social lending has eliminated the bank, they’ve essentially created another middleman, adding another layer of fees.

In addition, I’m constantly scouring the internet looking for places for you to safely stash your money, which is probably SmartyPig [3] or an Ally Bank CD [4] right now, even though they’re in the 2% range.

At the same time, I’m always looking for sources of money to leverage our mortgage, investments, and business developments.

Then it occurred to me, why not just offer readers private investments or loans with me directly?

Brilliant, right? Or have I totally lost my mind? I realize the concept could be far fetched, but the more I thought about it, the more it seemed like a possibility.

Here’s how I think it might work. I offer readers a fixed rate loan that pays higher than the current bank rates, but lower than I can get access to commercial lending. It’s a win-win. Higher rates for you; lower leverage costs for me. And I provide a valuable service for readers.

I realize that it wouldn’t be FDIC insured, so that might be a deal-breaker for you. I’d probably have our lawyer draw up the contracts to make sure both parties are protected.

Is this legal? I have no idea. Will the administration of it from my end be a pain. Maybe. Are you interested? That’s what I’d like to know.

So tell me. Would you do it? What would influence your decision? What kind of terms would you like to see?


Speaking of business developments, I’m happy to announce that Scott has officially partnered with Blog Crafted [5] doing blog consulting. As you all know, he does a fantastic job here and does consulting work for many of you already. Congrats Scott!

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