How many times, have you heard as a justification for buying something, this excuse: “It’s a collectible! In a couple of decades it will be worth something!”
Lending Club (January 2012 Update)
Here are my current Lending Club results. As of today my return is 10.59% NAR, and have $7,264.59 invested, and almost $1,000 total in interest. I have over 340 active notes. Since my last update, I now have six charged off loans, and currently seven 31-120 days late notes. The increase in defaults obviously decreased [...]
January 1, 2012 By 10 Comments
Investment in Physical Gold?
Gold seems to be all the rage these days — especially physical gold. Whether you are investing in gold coins, or whether you are investing in gold account, receiving a record of numbered gold bars that belong to you, it’s important to understand the challenges that can come with investing in physical gold.
November 23, 2011 By 2 Comments
Lending Club (October 2011 Update)
Another three months, and another Lending Club update. I’m now past the active 300 note club, and hopefully on my way to the 900 note club. Current NAR is 11.31% or 0.01% lower than the last reported summary.
October 14, 2011 By 16 Comments
Lending Club vs. Prosper
Investors looking to take advantage of the great returns offered by peer to peer lending have two choices: Lending Club and Prosper. Both offer excellent potential returns for investors but they do operate differently. What follows is a guide that will help investors understand the differences between these two companies.
October 11, 2011 By 1 Comment
Buying Gold Online
Gold has been on a multiyear bull run. Investors that purchased the metal have benefitted as the price has rapidly gone over $1,900 an ounce. There are a lot of people that believe that the run up in gold is just beginning. They feel that the precious metal is still in the mid stages of [...]
August 30, 2011 By 1 Comment
REIT (Real Estate Investment Trust) Investing
REITs or Real Estate Investment Trusts investments are an alternative to purchasing real estate directly. It’s owning real estate without the hassle. A REIT is similar to owning a stock, where it can be publicly traded on the stock market. There are also REITs mutual funds, and ETFs that diversify by investing in many individual [...]
August 22, 2011 By 5 Comments
Is Gold Really Money?
Texan Senator Ron Paul asked this very question to the head of the Federal Reserve chairman Ben Bernanke last week. Ben stated flat out “no”. Gold (and silver for that matter) for thousands of years was excepted as a form of money. Only until the last 100 years have we’ve weaned ourselves off of the [...]
July 19, 2011 By 3 Comments
Lending Club (July 2011 Update)
This update marks now two years since I’ve been investing in Lending Club notes (see my first review of Lending Club). Since my last update, my NAR has decreased to 11.32% from 11.35%. Since then I’ve had an additional note default. I now have exactly 300 notes in my portfolio and is up from 222 [...]
July 5, 2011 By 12 Comments
Lending Club Investor Promotion
Lending Club (see my review of Lending Club) just announced they’ve passed the $250 million in loan originations. In April alone they orignated over 1,500 loans that totaled $17.5 million. Ironically, Lending Club also won the Webby Award for the best Banking/Bill Paying site. Considering that Lending Club is NOT officially a bank like the [...]
June 10, 2011 By 2 Comments
