Last weekend I had a super busy Friday- I had meetings until 6PM, then I had to fetch groceries so I could feed my family and my sister’s family- who was staying over for the weekend.
Enter Instacart. A few weeks back, I saw the poster above at the local Aldi and made a mental note (actually an Evernote) to try it out next time I was ready for an Aldi run. Our Aldi is about 5 miles away from our house, so we only hit it once a month when we are in that area of town – But the trip is worth it every time. Aldi has prices that beat Costco on many items.
So Friday was the day. Test drive the combination of the savings of Aldi with the convenience of Instacart – a perfect match.
Or was it?
My Lending Club investment returns have been taking a beating lately. Even with a spread of more than 1400 loans across multiple grades, I’m getting burned with -0.3% Annualized Return.
This account funded in the Spring of 2015, so the loans are in their at their 30 month point, a ‘danger zone’ when Lending Club reports most defaults take place.
This account has followed all of the recommended investing ‘rules’ on the Lending Club website – Buy more than 800 loans, spread out your credit risks, etc. After following the Lending Club guidance, all I can state is that the performance is rather unnerving, minus 0.3% Annualized Return: Continue reading
Are you looking to Retire Early, but don’t want to pay a penalty to access the money you saved before you turn age 59.5?
Got a ton of retirement money stashed in the TSP, an IRA, former employer’s 401k, or other Qualified Retirement Plan?
Are you also looking to implement a withdrawal strategy that does not force you in to a 5-year waiting period like the ‘Roth Conversion Ladder’ does?
There’s a perfectly legal method to get to your Retirement Plan money at age 55 without paying a penalty, and it’s called the Solo 401k.
You won’t see that headline splashed across Lending Club’s home page.
Unfortunately for Lending Club, like most people who file for income taxes, this is the time of year when I review my year-end bank and investment statements to see how things are going.
I guess Lending Club is counting on me (and the rest of its investors) not performing this annual review of investment summary statements.
Because if they were, there would be even more bad press for Lending Club. Continue reading