I still can't understand why you would take the option of an insane 500% repayment shark loan vs just using the money in your taxable brokerage account. You already posted that you have $43k there. Transfer or liquidate those assets for your needs and if it's taxable income, so be it. Why are you continuing to make very high risk gambles on "maybe" situations for income when you have a concrete amount that meets your needs now?
Because that account, and retirement accounts, are locked until January 2027. I didn't post that little detail until post #10 in this thread. Taking money from any of those accounts was never an option. My liquidity right now is less than $1,000 in my savings account.
I really think you need to hire a new professional fiduciary to get you a better plan here. Everything you're describing is just compounding concerning financial decisions on top of each other.
Is it? I need money now, and those two deals I mentioned are my only short-term hope. I'm tired of living month to month not knowing if I can pay my bills. Between that and getting scammed, not to mention the bike accident nearly two years, you would probably be curled up in fetal position by now. Do you know I've getting food out of dumpsters sometimes? I have a lot of dental work I can't pay for. Two months ago I got a bad infection and a 104 fever from it.
I also find it really disappointing that you are equating that people won't help financially when really the help you need here is better planning and less risky solutions. Look, I'm not a professional financial advisor but I can see every financial choice being made is very risky and a gamble. I think you really need to hear that and admit a limitation here. To be clear I'm not talking about you being scammed. That is truly unfortunate and my heart goes out to you. I just don't want to see you dig an even deeper hole for yourself to get out of but I can't logically understand these choices being made. This makes me think there's too much of an emotional hardship that you're processing on top of trying to make difficult logical decisions.
What are your ideas? I tried the less risky solutions of asking friends for help, trying online loan places, and finally trying some forums. Candlepowerforums was a waste. I got ridiculed, so I'm done with that place. Now I'm down to the one solution I had hoped I never would have needed to try. I'm literally going to gamble my life that I'll have the money to repay the loan shark. That should tell you how desperate I am.
I spent months going after people I despise, namely the scammers, and calling in favors, to get the two deals I mentioned. I'm not going to let all my hard work fall apart now for lack of a relatively small amount of money. Yes, a year ago $2,700 was pocket change to me and I'm far from rich. In the event my crypto investment fails, even though this seems less and less likely, I'll need that money. $260,000 or so will buy me financial security for a while.
You may not like hearing this feedback but please understand this is not me making a personal attack. I genuinely do want to see you get out of this and into a better place. Your current financial decision-making choices under duress and in desperate times is not good and I think this is where you need the help of professionals, not random Internet people blindly giving money.
You are equating friendship with doing exactly what you want which in this case is given the money you're asking for but the reality is, genuine friendship is offering unbiased and candid advise and reflection on a situation. It's unfair to say you don't have friends helping just because you don't like what your friends are offering.
It is emotionally manipulative to say your physical safety may be at risk because other people aren't giving you money. This is your choice and you have more choices you could still make. I highly encourage you take a moment to reflect on the options in front of you. Those options are are not limited to what you've outlined no matter how you're feeling in this moment.
Sorry but there are no more choices. And frankly your sermons here about risk likely sabotaged any chance of any other members here loaning me the money.
I said my piece. If you can't or won't help, that's fine. Everyone has to make decisions in life. Same goes for anyone else reading this. If a person is genuinely broke I can't fault them for not helping someone in need. I don't know your financial situation. Maybe you're living paycheck to paycheck, in which case you can't help even if you wanted to.
I genuinely pity you because you sound like a person who never wanted to take any chances in life. I did. If I can survive the next few months I might be a multimillionaire from the crypto investement but before then I have bills to pay. I also need a contingency plan in case the crypto investment fails. I'm sure there will be loads of jealously if I become rich, especially from the people on Candlepowerforums whom I even told about the investment. My only answer to them would be I gave the info to you on a silver platter, even told you exactly how to invest. They could have been in a similar position.
Just so you understand me better, I don't have much of a future with the assets I have. My brother and sister want their share of the house. I won't have enough to live on and buy a place of my own should this happen. I'll likely be homeless and destitute. So if nothing works out my long-term plan has always been to take my own life. A few months ago after getting scammed I even bought cyanide pills. The last few weeks I finally had a little hope between the two deals I mentioned, and how promising the crypto investment appears now that it launched. This why I'm resorting to gambling my life now with the loan shark. I'm all out of options. If nothing works out and I can't pay the loan shark I'd be taking my own life in a matter of months anyway. It makes no difference then if I die just short of my 64th birthday, or a few months later.
