Recent Posts

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New LA AI virtual event tomorrow, you don't have to be in LA to attend this.

Are Machines Conscious? Debating AI's Final Frontier

https://www.meetup.com/AI-LA-Meetup/events/271634036/

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Fixed Income Focused / The Mechanics of Bonds
« Last post by MacroTOMI on August 03, 2020, 02:07:00 PM »
Bonds are really very sophisticated IOUs. They are tradeable. All IOUs are. Originally all bonds were bearer, payable to whoever held them, like the notes in your wallet. Bearer bonds are not coming back. They were much better than $100 bills for concentrating money for criminal activity. There were coupons attached and once a year you would ’clip the coupon’ and take it to the bank to get paid.

Unlike a stock at some point unless there is a default the capital is paid back to the bond holder. This is not true for stocks.

The Federal Reserve bond buying and other activities have an impact but prevailing rates are the most important.

Read More about the fascinating history of these instruments: http://macrotomi.com/article/the-mechanics-of-bonds?ref=SAM
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Automobiles / Re: Anybody have an electric vehicle?
« Last post by SteveGood on August 03, 2020, 01:00:36 AM »
Almost zero maintenance and charging at home means I always have a "full tank."

Just plain fun to drive. My wife and I fight over who gets the electric car and who has to drive the gas car.




What do you think about electric bike. Do you have any ideas about this?



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Hi @babets, regarding the $195 K deposit from Franchise Growth, I think it is likely that RS will first recoup what it has spent on lawyers and then take any management fees that have accrued to date.  From whatever remains, it may hold a portion for future legal fees and distribute it to investors.  Unfortunately, I doubt that investors will see much of that $195 K.  Best of luck to you with this and all of your investments.
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Latest update on Franchise Growth:

"
The borrower (Franchise Growth) has elected to exercise their final extension of 30 days as per the agreement. The borrower has satisfied the required $35,000 non-refundable deposit to extend. The final extension expires on 8/29/2020. IRM does not plan to accept any additional extensions.


IRM has asked Franchise Growth for a status update of the asset sales. To date, no such update has been received. We estimate the chances of a sale at 50/50 with the other option still being foreclosure on all remaining assets.
"

Looks like we are on the final 30 day countdown. They have now put up $195,000 in non-refundable deposits.

It's going to be interesting to see if they can get a sale agreement closed out in the next 30 days. The cost of borrowing money is extremely cheap right now, and there's a lot of capital sloshing around... but I personally don't have much insight as to how fast food commercial real estate is doing right now. Not encouraging, although not surprising, they wouldn't give IRM any updates.

While I hope to lose as little (or none) as possible on my FS deals, I'm anxious for the saga with them to finally be over with. Even if foreclosure is in the cards, I'll be glad to not be waiting on updates from the FS folks.

Fingers crossed.


i also agree that a 195K deposit is something. i wonder what eventually happens to that deposit if sale dont happen. any idea? bcs if they lose it i would imagine the sale is a better alternative...
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Current Events / Re: Artificial Intelligence.. Dangerous or useful?
« Last post by supportingmaps on July 31, 2020, 11:16:27 AM »
I'm currently reading Peter Diamandis' The Future is Faster than you Think.

There's some information about AI and the thesis of the book seems to be technology will converge and advance humanity beyond its limits. In the same vein as his Abundance book it's positive. I want to finish the book up by Tuesday.

I have other books in my reading queue like The Rational Optimist and Democratic Capitalism at the Crossroads.
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Some more free information:

UC Berkeley CS267 Home Page Applications of Parallel Computers
https://sites.google.com/lbl.gov/cs267-spr2020

Harvard's Beginner friendly CS50 program
https://cs50.harvard.edu/

MIT's Electrical Engineering and Computer Science program
https://ocw.mit.edu/courses/electrical-engineering-and-computer-science/

Github Open Source CS Degree
https://github.com/ForrestKnight/open-source-cs
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Latest update on Franchise Growth:

"
The borrower (Franchise Growth) has elected to exercise their final extension of 30 days as per the agreement. The borrower has satisfied the required $35,000 non-refundable deposit to extend. The final extension expires on 8/29/2020. IRM does not plan to accept any additional extensions.


IRM has asked Franchise Growth for a status update of the asset sales. To date, no such update has been received. We estimate the chances of a sale at 50/50 with the other option still being foreclosure on all remaining assets.
"

Looks like we are on the final 30 day countdown. They have now put up $195,000 in non-refundable deposits.

It's going to be interesting to see if they can get a sale agreement closed out in the next 30 days. The cost of borrowing money is extremely cheap right now, and there's a lot of capital sloshing around... but I personally don't have much insight as to how fast food commercial real estate is doing right now. Not encouraging, although not surprising, they wouldn't give IRM any updates.

While I hope to lose as little (or none) as possible on my FS deals, I'm anxious for the saga with them to finally be over with. Even if foreclosure is in the cards, I'll be glad to not be waiting on updates from the FS folks.

Fingers crossed.

9
Travel / Re: Covid 19 Coronavirus Impact the International Travel and Tourism?
« Last post by SteveGood on July 30, 2020, 12:54:13 AM »
2020 is canceled folks, stay home.


I think 2021 is good to restart your tourism business with the safety products.
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Yep,  I was in on Penbrook with this one, which forecasted a 14% IRR and promptly never distributed more than a few $10 payments.  What a joke.  How bad was RS’s scrutiny of these deals that so many failed right out of the gates?  All said and done this was a 3 year investment that returned -4% for me. Could have been worse, but I sure wish I never heard the name Realtyshares in the first place.  1 deal down,  3 to go.
I was on Penbrook too.  On the dashboard, they are showing the distribution as earnings instead of return of capital.  Just sent an email asking for that to be corrected.

Still waiting to see this corrected. It was the same for all 4 of my investments that were paid back so it needs to be rectified.

More importantly, today is the termination date for the FG restructure. It's concerning that we haven't heard anything about it yet, leading me to believe there will be a further extension (though that would have to have been finalized 5 days ago) or that the revised deal is unlikely to complete.

Either way, we should hear an update soon...


The FG termination is today (29th) and they have the right to extend one month by paying an additional deposit. I have no idea what will happen but I have a feeling we will get some money back. I have 3 investment with FG, 2 of them returned approx 50% (plus some interest) and 1 returned 0 capital but some interest. In the worst case I think the loss will be 30/40% on the total. just my opinion nothing based on fact.
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