Month 1: Lending Club Experiment

Background In my first post about Lending Club, I made a $5,000 investment at the end of December 2017. A month has gone by and it’s time for an update! Using their automate strategy, Lending Club allocated my $5,000 into 200 notes ($25 per note). My expected return states 3.71%-6.71%. Update So far, 1 note…

How Do I Save For 2 Retirements?

When do you think you’ll live till? 60? 70? 80? According to Fortune Magazine, most people underestimate how long the’ll live for. American men born today can expect to live 76.5 years, on average, and American women 81.3. But those numbers reflect life expectancy at birth and are dragged lower by people who die young.…

Why Should You Invest in ETFs?

See the 5 Easy Steps to Start Investing post to learn more about getting started. ETFs (exchange-traded fund) are baskets of stocks within a type or “theme.” For example, the ETF “IVV” or “iShares Core S&P 500” top 10 holdings are companies such as Apple, Amazon, JP Morgan, and ExxonMobil. The common denomination is that they are…

Starting Out with Lending Club

I’m not going to lie: I didn’t exactly do a lot of research on this. I read a few blogs and watched a few YouTube videos with probably a total of 3 hours of research before I decided to invest $5,000 in Lending Club. Anyhow, I started with a 36 month strategy and allowed the…

5 Easy Steps to Start Investing

There are one too many posts on how to invest. Keep it simple. Never traded anything before? You need open a brokerage account (i.e. Charles Schwab, Fidelity, Sharebuilder, and etc…). Do some research first and start with Step #2 below before deciding on your brokerage account to ensure your brokerage company carries the ETF you…