New Military Retirement System is a Pyramid Scheme

Lendign Club Provides Investors with Negative Returns

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


7 Reasons Hedge Funds Suck

The following is a summary of points I found in ‘The Hedge Fund Mirage by Simon Lack. Simon spent an entire career on Wall Street as a trader or providing ‘Seed Funding’ to Hedge Fund managers. The goal of his book is to inform investors and provide some transparency to the Hedge Fund Industry.

Feds and Vets, thank yourself that the TSP prevents you from stepping in these Hedge Fund land mines below:

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Thrift Savings Plan Guidance for Federal Furlough

TSP’s Executive Director is having a change of heart.

Recently the Federal Retirement Thrift Investment Board (FRTIB – the group who runs the TSP) announced that it will finally (and they really mean it this time) consider adding a Mutual Fund Window option to the TSP.    FRTIB is commencing a study that will last through 2015 on how best to implement the Mutual Fund Window option.   Continue reading