10 Things to Do With Your Money Right Now
There's no telling if the budding recovery in credit markets will stick, and at this point a recession appears all but certain. Here are 10 things to do right now to protect your financial future.
If for some reason you find yourself flush while everyone around you is starved for capital, take advantage by extending a loan to a friend, family member or even a third-party. Banks are being stingy, which creates opportunity for you in the fairly new P2P (peer-to-peer) loan market pioneered by Virgin Money and Lending Club. These are often vehicles for extending family members fully documented and collateralized loans at a favorable rate. But if you think stocks are dead money for a while and don't like the looks of paltry money market fund yields, you may be able to do better offering a market-rate loan through this new frontier of finance.
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