Comments on: Passive Income – October 2013 Update

By: writing2reality

writing2reality — Tue, 28 Jan 2014 14:40:15 +0000

Certainly I understand why you are staying low in Lending Club. Anytime someone limits your ability to game the system it means it is time to reexamine how you are investing to begin with.

Thanks for stopping by Martin.

By: Martin

Martin — Tue, 28 Jan 2014 04:18:54 +0000

I just wanted to ask you what happened with your LC account and you just explained it. Well, it is still a good income and nice progress. Good luck and I am looking forward to see how you progress. I am staying low in LC and trying to decide what to do next.

By: writing2reality

writing2reality — Sat, 25 Jan 2014 18:51:58 +0000

I certainly can’t complain about earning over $200 of passive income. As for catching you, that is going to be tough, but I’ll see if I can swing it!

Thanks for stopping by DM!

By: writing2reality

writing2reality — Sat, 25 Jan 2014 15:54:15 +0000

Definitely tough to see the defaults, but that is the nature of the game and an accepted reality with my style of investing with my peer to peer lending accounts. Thanks for stopping by DMU!

By: Divi Me Up

Divi Me Up — Sat, 25 Jan 2014 15:08:14 +0000

Great job w2r, especially impressive that you still had QoQ growth despite the default and charge-off in the LC account. Ah, the beauty of diversification! Can’t wait to see if you hit your annual goals.

By: writing2reality

writing2reality — Fri, 24 Jan 2014 15:28:48 +0000

I appreciate that DGI! Certainly it doesn’t hurt to cover some bills with the passive income, although much like yourself, the journey isn’t quite complete yet.

Working on that as fast as I can! Been a long road to catch up! Thanks for stopping by!

By: Dividend Growth Investor

Dividend Growth Investor — Fri, 24 Jan 2014 15:10:50 +0000

That is a very nice amount of passive income WYR! I am sure you are covering a decent amount of expenses with it.. And as DM mentioned, your snowball is starting to slowly but surely compound in the right direction for you..

However, I think it might be helpful if you posted the November and December amounts soon, so that you are all caught up and report current numbers

By: Dividend Mantra

Dividend Mantra — Fri, 24 Jan 2014 03:04:32 +0000

w2r,

Still a solid month there. Over $200 is very nice. That covers a cell phone and gas for many people. The snowball continues to build.

Looking forward to seeing you continue to catch us up on the passive income.

Best wishes!

By: writing2reality

writing2reality — Fri, 24 Jan 2014 00:33:00 +0000

The reason for the down month was my Lending Club Roth IRA account. I saw one charge-off and one default during October, and those principle losses ate up some of the interest income earned. Just a part of peer to peer lending and expected with an account of my size and risk tolerance. Of course I say a down month but still earned an annualized 12.37% return in October.

Thanks for stopping by JC!

By: JC @ Passive-Income-Pursuit

JC @ Passive-Income-Pursuit — Thu, 23 Jan 2014 20:01:19 +0000

A bad month and you still earned over $200 with little effort. That’s progress. What was the reason for the down month? Were there some late payments with the LC/P accounts because it looks like the dividends were an increase from July.