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Things That Are Bothering You, Got You All Hibbeldy-Jibbeldy, or just downright pissed, RIGHT NOW!

Discussion in 'General Chat' started by Bergdorf Goodwill, Feb 7, 2007.

  1. patrickBOOTH

    patrickBOOTH Senior member Dubiously Honored

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    I got a Starbucks reserve coffee brewed in the Clover. Usually they give you a special reserve heat protection sleeve when you get one, however they just gave me a regular sleeve this time. Now everybody thinks I just got a regular Starbucks coffee.
     
    2 people like this.
  2. Harold falcon

    Harold falcon Senior member

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    You are truly a man of the people, PB.
     
  3. LawrenceMD

    LawrenceMD Senior member

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    EVIAN spelled backwards is naive - Reality Bites
     
    Last edited: Jul 12, 2013
  4. patrickBOOTH

    patrickBOOTH Senior member Dubiously Honored

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    One of my Kiva loans defaulted. Looks like I am going to have to go to Africa to bust somebody's head open to get my $25 back.
     
    1 person likes this.
  5. aravenel

    aravenel Senior member

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    Kneecaps are more effective, IMO. With the head, you may cause permanent mental damage, or even death, that would definitely prevent them from paying you back.

    Of course, if they depend on being mobile to get you that money back, that could also be a problem.
     
    Last edited: Jul 12, 2013
  6. munchausen

    munchausen Senior member

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  7. munchausen

    munchausen Senior member

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    Me too, but I've discovered that my actual favorite is this small timer shit

    [​IMG]

    Although a Topo Chico really cold out of a glass bottle is always nice.
     
    1 person likes this.
  8. kwilkinson

    kwilkinson Senior member

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    La Croix is the shit.
    Although Pellegrino Aranciata is great.

    Isn't La Croix made by the same company as Faygo? It's good stufd and way cheap.
     
  9. HRoi

    HRoi Senior member

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    I didn't know kiva existed. It's kind of interesting...what kind of returns are we looking at typically here? The website is kind of ambiguous on that

    Also, is there a way to filter by hawtness so I can lend only to the cute entrepreneurs?
     
  10. munchausen

    munchausen Senior member

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    There's another site for that called Skeeva
     
    Last edited: Jul 12, 2013
  11. patrickBOOTH

    patrickBOOTH Senior member Dubiously Honored

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    It's not an investment, it is a charity. You don't make money doing it.
     
  12. HRoi

    HRoi Senior member

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    Hmm, that's interesting. Because the micro finance companies you are giving your money to do seem to be charging interest. Which is fair even in a charitable setting because lenders have to assume default risk.

    So if you are not making any interest from this, are the "field partners" making a killing by charging interest, without incurring any of the risk (because it's your money they're lending)?
     
  13. patrickBOOTH

    patrickBOOTH Senior member Dubiously Honored

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    Basically you are making it possible for these banks to offer funding by taking on the default risk. Otherwise these types of borrowers wouldn't be able to access credit.
     
  14. aravenel

    aravenel Senior member

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    This



    I'm pretty sure you get interest back, I think he's just saying that you shouldn't view this as an investment. You may make a bit of money, but probably not. Look at it as charity and you won't be disappointed when they default.

    Edit: Actually, looks like Kiva might not pay you interest. Interesting. There are similar things that do (saw one for solar power a while back) but I'd still definitely not view microfinance on the whole as an investment.
     
    Last edited: Jul 12, 2013
  15. in stitches

    in stitches Senior member Moderator

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    blood orange san pellegrino is where its at.
     
  16. Johdus Fanfoozal

    Johdus Fanfoozal Senior member

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    Small timer?
    Not even close.

    [​IMG]
     
  17. patrickBOOTH

    patrickBOOTH Senior member Dubiously Honored

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    The new hipster trend is making your own.
     
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  18. HRoi

    HRoi Senior member

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    I'd like to be one of those microfinance companies, then. Sounds like a license to print money. Although I may be missing something because a cursory glance at their numbers show some curiously shitty return on assets ratios, despite average portfolio yields in the double digits (and presumably zero risk exposure because it's people like pB who are taking the hit on defaults)
     
  19. ethanm

    ethanm Senior member

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    Except for the anti-Israel hipsters who boycott Sodastream.
     
  20. patrickBOOTH

    patrickBOOTH Senior member Dubiously Honored

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    Probably because they are highly levered. Plus all of their loans aren't fully funded. The borrowers already have the cash, you just backfeed the loan. They are still subject to default.
     

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