Archive List for Personal Finance

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・・・

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・・・

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・・・

Quarterly Report 2017Q1

Personal Finance

In the first quarter of 2017, my net worth increased to $635,735 and overall IRR increased to 8.77%. My day trading activities generated a nice income that offsets an impact of the tax payments. I took advantage of 0% APR offers from Bank of America and American Express to pay my taxes. The credit card・・・

Get Rich with Litigation Finance

Personal Finance

Due to a recent change in my investment strategy, I have to reassess my asset growth over the next few years. I start with an initial investment of $1,000,000 in the first 2 years, followed by an additional investment of $80,000 every year. The average case resolution time is 2 years with a 75% target・・・

Investment Strategy 2017

Personal Finance

Backdoor Roth IRA I considered Vanguard or Fidelity for my annual backdoor Roth IRA, but I decided to stay with Lending Club. I signed up for the Groundfloor IRA beta release. My annual backdoor Roth IRA contribution will be invested in Groundfloor IRA. I also start winding down Lending Club IRA. Litigation Finance Overweight I・・・

Annual Report 2016

Personal Finance

Net Worth Account 2015 2016 Change Cash $10,082 $42,845 $32,763 Investment $664,979 $941,248 $276,269 Debt ($174,841) ($360,996) $186,156 Total $500,220 $623,097 $122,876 The increase was $30,706 more than forecast. This was primarily driven by the additional income from salary. Income Statement Income 2016 Forecast 2016 Actual 2017 Forecast Salary $205,000 $244,718 $270,000 Investment $70,000 $57,558 $100,000 Total Income・・・

Quarterly Report 2016Q4

Personal Finance

In the fourth quarter of 2016, my net worth increased to $623,097 and overall IRR decreased to 8.75%. My overall IRR continued to suffer from a loss from Lending Club. Allocating a large portion of my portfolio to Lending Club was a big mistake. The actual ROI was much lower than the projected ROI, and・・・

Quarterly Report 2016Q3

Personal Finance

In the third quarter of 2016, my net worth increased to $583,314 and overall IRR decreased to 8.97%. I had cash bonus, stock vesting, and lump sum relocation package from my full-time job. That was enough to offset a loss from Lending Club and upfront fees on balance transfers. The liquidation of Lending Club account・・・

Quarterly Report 2016Q2

Personal Finance

In the second quarter of 2016, my net worth increased to $526,545 and overall IRR increased to 10.36%. The growth was flat due to a large tax bill. My Lending Club account is being aggressively liquidated as I still carry $80,900 in credit card balance transfers. $81,485 were paid off in the last quarter. It・・・

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