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  #29  
Old 07-07-2007, 01:46 AM
Shoe Shoe is offline
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Join Date: Jul 2004
Location: Follow me to riches!
Posts: 3,379
Default Re: Taking out a prosper loan to buy stocks

Update:

Nintendo stock is up over 8% since I could have gotten the funds for this loan.

I withdrew my loan request at prosper, which means i profited $0.00.

If i had gone threw with my request, I would be up $2,197.80 right now (minus around $250 interest).

The only bright side to this is that I am in the process of transferring around $15k 0% credit card loans to my stock account, so I will be able to reap some more rewards soon. I am also in the process of applying for more 0% credit card loans, but won't have the funds from those for a couple more weeks.

The main lesson here is this. I should have trusted myself and my mad stock picking skills over a freaking poker message board. Don't take this too personally, there was a lot of good advice in this thread, but I am really kicking myhself right now.
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