Comments on: Passive Income and Pageviews – April 2014 Update

By: writing2reality

writing2reality — Wed, 20 Aug 2014 01:37:56 +0000

Give it some time Tawcan, and I think you will find Canada will get their own P2P lending presence. Too big of a potential market to be left out forever!

By: Tawcan

Tawcan — Mon, 18 Aug 2014 21:51:57 +0000

Nice progress. P2P leaning is an interesting concept, too bad we don’t have that here in Canada.

By: writing2reality

writing2reality — Sun, 17 Aug 2014 01:57:46 +0000

Stick with it and enjoy the ride. Understand that your overall performance will fluctuate, but given the size of your portfolio, you shouldn't have any issues enjoy positive returns for years to come. My experience has only been great with Loyal3. Check out this post for more information on Loyal3 and some possible DG investments available. I'd highly recommend checking them out! I appreciate you stopping by ISP!

By: writing2reality

writing2reality — Sun, 17 Aug 2014 01:54:41 +0000

Taxes are certainly a consideration for Lending Club and Prosper taxable account holders, however, I have not found to be unbearable, or something that changes how I view the nature of my overall returns and risk/reward calculation. Certainly a decision only you can make.

I love Buffet and don’t think you can go wrong with picking up some shares. Should be a nice holding, even after he departs.

Marriage is great, thanks for asking! Enjoy the rest of your weekend.

By: Income Succession Plan

Income Succession Plan — Sun, 17 Aug 2014 01:00:01 +0000

Nice results! It is tough dealing with the charge offs but nice to see you are taking it in stride. The rewards can be nice though. I have been putting money in Lending Club for just over a year and am starting to see some notes going bad. Like you, I am very happy with the results and am sticking with it. The next year should be interesting as my account matures and defaults start to become more common place.

How has your experience with Loyal3 been? I am thinking about signing up.

~ISP

By: Ray

Ray — Sat, 16 Aug 2014 12:33:55 +0000

Thanks Adam!

I am quite happy with the LC account so far, the account has been open about 19 months now. The Prosper account has been open about 3 months.

I am using Automated Investing with LC with a decent filter that is restrictive. At platform release time, usually I only get 10 to 15 notes to choose from, but that’s cool for me. Rather safer than sorry and I am pleased with the results. To date, my charge off rate is less than 1%.

My LC account is to the point now where I really need to consider a Roth IRA with them. The income train has really started to roll here and it picks up speed on a weekly basis. I just hate to pay the income taxes! Further consideration is needed as I started this account as a “play money” account. Well, it has turned out very well for me so far, so I may need to make a move like this.

BRK.B – I plan just to keep on DCA-ing into this stock. A long term holder is my thought right now. I will just keep throwing money at it and see where it ends up. Not sure what will happen with Buffet steps out of the picture, but for now, I try and pick up as much as I can…

I hope marriage is treating you well so far!

–Ray

By: writing2reality

writing2reality — Thu, 14 Aug 2014 13:54:19 +0000

Thanks Ray, your support is appreciated!

BRK.B is not a bad place to drop some capital, and I think you will be rewarded for doing so. I am kicking myself for not loading up on some back in January/February when it was down around $110 per share!

Those are some solid P2P Lending returns, and should provide a great stream of income as you continue to grow the accounts.

By: writing2reality

writing2reality — Thu, 14 Aug 2014 13:52:56 +0000

I hope the trend reverses as well, JC! Married life has been fantastic so far, and I’m thrilled to be married to my wife. I hope you and your wife are doing well!

By: writing2reality

writing2reality — Thu, 14 Aug 2014 13:20:52 +0000

I saw your update Sam, and think the rental of your primary residence is/was a brilliant move that will certainly give you a steady, long-term stream of income that can be leveraged into additional forms of income. As for your P2P lending, it might be time to step back and manage it like a portfolio instead of a hobby. Individually picking notes is laborious, and will only limit your ability to invest. Defaults will be a part of the process no matter what risk level you are invested in, they will occur. So maximizing your passive income will be best served by removing the manual oversight and adding some additional capital.

Thanks for the comment and stopping by Sam!

By: writing2reality

writing2reality — Thu, 14 Aug 2014 13:16:48 +0000

Not a problem DH! I am planning on posting my May-July results over the next couple weeks to bring me back up to current. My current focus is expanding my bucket of holdings in the Loyal3 account as a means for immediate diversification until my capital is more readily available for purchases in a traditional brokerage account. I would anticipate getting back to those “normal” transactions in the next few months. During that time I will be exploring all ranges of holdings. My current watchlist is topped by DE, GE, IBM, and V. All are lean on the growth side of the equation as opposed to current yield.

As for blog monetization, I am certainly not bringing home the bacon just yet, but I am covering the cost of hosting and then some. I believe next year will likely be a year I put more emphasis on monetization, provided my ability to keep writing is consistent. Appreciate you stopping by and commenting!