IRL:เพื่อนยืมเงิน
การให้เพื่อนยืมเงิน - "Friends Futures Contract: The Riskiest Investment You'll Ever Make!
In the world of finance, where risk and reward dance a precarious tango, there exists an investment opportunity so treacherous, so perilous, it makes cryptocurrency look like a walk in the park. Ladies and gentlemen, allow us to introduce you to the "Friends Futures Contract."
Yes, you read that right. Lending money to your friends, while it may seem like a noble gesture, is, in fact, a financial endeavor fraught with more risks than a bungee jump with a frayed cord. This modern-day financial folly is not for the faint of heart.
Friends Futures Contract
The Basics of Friends Futures Contracts
Picture this: You have some extra cash lying around, and your dear friend comes to you with that all-too-familiar puppy dog look, asking to borrow some money. Being the kind soul you are, you agree to the terms, and the Friends Futures Contract is born.
In this investment vehicle, there is no Annual Percentage Yield (APY). That's right, your money doesn't grow; it just sits there, like an overfed cat lazing in the sun. You can kiss those dreams of compounding interest goodbye.
The Grim Reality
Now, let's dive into the nitty-gritty of why this so-called investment is riskier than investing in the latest cryptocurrency craze. First and foremost, there's no guarantee that your friend will pay you back. In fact, history has shown that the repayment rate on Friends Futures Contracts hovers somewhere around zero percent.
And if you're thinking, "Well, at least I won't lose anything," think again. The odds of losing both your money and your friend in the process are shockingly high. If your friend's investment decisions go south, you're left holding the bag, with your hard-earned cash disappearing faster than a magician's rabbit.
MoNoRi-Chan's Cautionary Tweet
MoNoRi-Chan, a seasoned investor and master of wit, once tweeted about this very subject:
"Friends Futures Contract: 0% APY, No dividends, No hope of repayment, 85% chance of losing both money and friend. In summary, better to invest in Ethereum."
MoNoRi-Chan's wisdom here cannot be overstated. Investing in a cryptocurrency known for its wild swings is a more sensible choice than diving headfirst into the abyss of Friends Futures Contracts.
The Freeloaders and Bad Credit Reps
Let's not forget about the freeloaders and those friends with reputations that resemble a sinking ship. If you let them borrow once, it's like opening Pandora's financial box. There will be a second, a third, and it goes on until your bank account is drained of your generousness. For them, it costs nothing but empty promises.
And here's the kicker: Not only are you locked into a 0% APR deal, but you're also locked out of any investment opportunities that arise. MoNoRi-Chan himself, a master of numbers, calculated the opportunity costs from his opening of a long position on Friends Futures totaled to be around 2.97 million Dogecoins. An amount that he could have potentially sold in 2021 for a whopping 70 cents per coin.
Conclusion: The Perils of Friends Futures Contracts
In the wild world of investments, it's crucial to diversify your portfolio and choose your financial battles wisely. While friendship is undoubtedly a priceless treasure, lending money to friends should come with a "buyer beware" warning label large enough to cover the entire contract.
Remember, anything offered for free in the financial realm creates a moral hazard. Empty promises, unfortunately, are one of the many hazards lurking in the shadows. If, against all advice, you still decide to embark on the Friends Futures Contract adventure, we implore you to take one additional step to safeguard your financial interests: draft a binding agreement. Have your friend sign on the dotted line as a promise to pay.
This simple act can be the lifeline that keeps your investment afloat in the tempestuous sea of financial unpredictability. So, if you're willing to walk this treacherous path, do so with your eyes wide open, and your contracts even wider.
Why borrowing money from a friend is bad?
Borrowing money from a friend is sometimes frowned upon in many culture for several reasons:
- Strained Relationships: Mixing money and friendships can sometimes lead to strained relationships. If the borrower is unable to repay the loan promptly, it can create tension, resentment, or even the end of the friendship.
- Unequal Power Dynamics: Borrowing money can create an imbalance in power dynamics within a friendship. The person lending the money may feel superior, while the borrower may feel indebted or subordinate, which can affect the quality of the friendship.
- Risk of Non-Repayment: There's always a risk that the borrower may not be able to repay the loan as agreed. This can lead to awkward situations, where the lender has to chase the borrower for repayment.
- Financial Stress: If a friend constantly relies on borrowing money, it can put financial stress on the lender. Friends may feel taken advantage of if they're repeatedly asked for loans.
- Boundary Issues: Lending money can blur the boundaries between a personal relationship and financial transaction. Some people prefer to keep these aspects of life separate to maintain clarity.
- Precedent: If a friend lends money once, it may set a precedent where the borrower expects further financial assistance. This can create a cycle of dependency and strain the friendship.
- Impact on Reputation: In some cases, borrowing money from friends can be seen as a sign of financial instability or irresponsibility. People may worry that their reputation will be affected if they're known for lending money to friends.
Despite these potential downsides, borrowing money from friends isn't universally frowned upon in American culture. In fact, many close friendships involve financial support at some point. However, when doing so, it's essential to communicate openly, set clear expectations for repayment, and consider the potential impact on the friendship. Some people may choose to formalize such agreements with a written contract or opt for alternatives like peer-to-peer lending platforms to maintain a level of professionalism and protect both parties' interests.
