Reply #37: one time business opportunity? [View All]

[CreekDog]

my opinion:

N-O.

this is your friend's investment and your friend should find a willing investor, one who is investing not based on friendship, but on financial viability and your friend should share as agreed in any windfall if any.

this is not an emergency and your friendship in this case is obscuring the fact that this may be a very unsound investment and you could lose all your money.

this isn't food, isn't a medical bill, isn't to keep them from being homeless, it's a loan so they can get more money (well, ultimately from somewhere).

i'll say this now, i've rarely heard of money given/invested/loaned for a purpose you've described to a friend turning out well for the lender.

if your friend is a good risk, a bank will give them an unsecured loan for a modest to credit card-ish interest rate. that's where they go for this.

remember, IMHO.