Because it is getting difficult to get a decent return on savings these days, ordinary folks are making some extraordinary risky decisions, when attempting to increase returns on investments.
One example: It’s absolutely stupid for a layman to give private mortgages to homeowners when banks have already turned the requests down.
If banking or lending is not your trade or business, but merely a side hobby that appears to offer a return better than conventional investments, forget about that enticement. The relatively few extra dollars will never be worth the risk. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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