Quarterly Report 2017Q3

Personal Finance

In the third quarter of 2017, my net worth increased to $812,846 and overall IRR increased to 11.63%. My IRR skyrocket due to a high return on LexShares. This is a reward for taking risks. Warren Buffett once said that as an investor it is wise to be fearful when others are greedy and greedy when others・・・

Marketplace Offerings 2017Q4

Crowdfunding

LexShares Investment Opportunities Date Case Offering Size 10/06/2017* Breach Of Contract $150,000 10/27/2017* Breach Of Fiduciary Duty $500,000 * open to selected investors only YieldStreet Investment Opportunities Date Amount APR Duration Description 10/06/2017 $4M 13% 36 Diversified Pre-Settlement Portfolio XXIV 10/27/2017 $5M 9% 18 Real Estate Development Financing II 12/?/2017 $4M 9% 18 Project Energizer 12/?/2017・・・

Litigation Case #281 Resolved (LexShares)

Crowdfunding

My 7th investment into commercial litigation crowdfunding has resolved. Funding In July 2017, LexShares opened a new investment opportunity. Projected net return was 80% in the first 6 months, 20% next 6 months, then 40% every 6 months thereafter. I committed to the case and I wired $75,000 on 7/12/17. LexShares disbursed funds to the plaintiff on・・・

Credit Limit 101

Credit Card Arbitrage

Continue from previous post Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think you are supposed to charge your monthly expenses and・・・

Balance Transfer 101

Credit Card Arbitrage

Recently a reader Evan asked the following question in a blog comment: Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think・・・

Credit Card Arbitrage Round #2

Credit Card Arbitrage

For the second round of credit card arbitrage investment strategy, I am going to invest in real estate crowdfunding for short-term and high-yield investment opportunities. Groundfloor will be my primary platform, and iFunding for backup. In theory, a 16% ROI over 12-months with a borrowing cost of 3% will generate 13% profit. Total Balance Transfers: $352,711 Date・・・

EVIVA Midtown Project Repaid (iFunding)

Crowdfunding

My first preferred equity investment on commercial real estate project has completed. Funding In September 2016, iFunding announced a $600,000 preferred equity follow-on offering for EVIVA Midtown. The investment has an estimated 20% preferred return: 8% current return paid monthly & 12% accrual paid at maturity. Target maturity is June 2017 (10 month term). I made a・・・

Quarterly Report 2017Q2

Personal Finance

In the second quarter of 2017, my net worth increased to $659,849 and overall IRR increased to 8.53%. IRA money is slowly moving from Lending Club to Groundfloor. I’ve been selling Notes on the Folio at 3% premium regardless of the vintage or loan status to accelerate the liquidation process. Net Worth: $659,849 Account 2017Q1・・・

Marketplace Offerings 2017Q3

Crowdfunding

LexShares Investment Opportunities LexShares has been silent for almost 2 months after July 12th. I had a large amounts of cash sitting in my bank account. On August 29th, a new case popped up with 22% pre-funded by the internal hedge fund. A small retail investor added $5,000 before I made a commitment. I took・・・

Mint vs. Personal Capital

Personal Finance

Switched from Mint to Personal Capital I’ve tested Mint for few months in 2015. There were 2 things I didn’t like about Mint. Unable to link Target REDcard. It was a deal breaker because I often shop at Target. Unable to add investments that Mint doesn’t support. My investments are mostly with cloudfunding platforms and private・・・

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