tag:blogger.com,1999:blog-1893129263573703047.post6886566750622564526..comments2024-03-28T00:13:55.918-07:00Comments on A Frugal Family's Journey: P2P Accounts (Update) - January 2015A Frugal Family's Journeyhttp://www.blogger.com/profile/05093532273552790517noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-1893129263573703047.post-72105221466175846562015-01-28T20:55:53.665-08:002015-01-28T20:55:53.665-08:00Vivianne - It definitely beats the interest you ge...Vivianne - It definitely beats the interest you get from savings. And I would also say that it is less risky than stocks. But is the time spent worth the difference you get in return versus a 3-5 year CD. Right now, my response is just barely. I was hoping that automating my purchases would reduce the amount of time I spent looking for notes but it has not proven to be as great as I hoped. AFFJ A Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-40411013577922342612015-01-28T20:51:35.342-08:002015-01-28T20:51:35.342-08:00Tawcan - I think the longer you invest, the more w...Tawcan - I think the longer you invest, the more work it becomes. As you begin to receive more capital back (and if you continue adding capital), it does become harder each month to spend all of your capital. <br /><br />One thing I have considered recently is buying larger notes. Based on the results I've been seeing these last few months, I think I may have no choice but to up the ante. Wish me luck! <br /><br />AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-18436663242016171532015-01-28T20:48:51.720-08:002015-01-28T20:48:51.720-08:00Thanks DivHut...some transparency has always been ...Thanks DivHut...some transparency has always been the goal of our blog. We definitely plan to continue sharing our results and stay accountable to our readers and hopefully help us stay on track with our goal towards FI. Thanks for following along. AFFJ A Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-51941128648536153252015-01-28T20:45:01.393-08:002015-01-28T20:45:01.393-08:00W2R - Couldn't agree with your more...it certa...W2R - Couldn't agree with your more...it certainly appears that the institutional investors are getting first crack at the notes. They are not leaving enough quality notes for us small investors. :( <br /><br />I also think that part of my problem is that the larger my account grows, and the more notes I have paying me each month, it gets exponentially harder to keep up with the pace of your payments (especially when there are few that meet your criteria. <br /><br />AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-63361813832943220392015-01-28T20:39:57.953-08:002015-01-28T20:39:57.953-08:00Surprised it has not caught on in all states. I&#...Surprised it has not caught on in all states. I'm sure it will eventually make it to your state soon. Truthfully, it is not the best investment tool out there but it is another egg in the basket. :) AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-78899952724087429742015-01-26T13:57:49.473-08:002015-01-26T13:57:49.473-08:00Peer to peer lending is on my list, there has been...Peer to peer lending is on my list, there has been a lot of things going on that I haven't had time to get to it. It is nice to see someone doing it and putting out some awesome number, it beats the 0.017 banking saving rate. :)<br /><br />Viviannehttp://wellroundedinvestor.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-5611650021386833742015-01-25T20:30:12.007-08:002015-01-25T20:30:12.007-08:00P2P lending sounds interesting but seems like you ...P2P lending sounds interesting but seems like you need to spend a lot of time doing your homework to make sure you lend your money to responsible people. I thought about entering P2P lending a while ago but kinda glad they don't allow this in Canada. Tawcanhttp://www.tawcan.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-42386469157628187882015-01-25T19:32:05.963-08:002015-01-25T19:32:05.963-08:00I enjoy reading these posts from others that are i...I enjoy reading these posts from others that are involved in the P2P lending world as I am not into it at all. These updates give me a clearer real world example of how the system works with real world results not just some hype or marketing material from a company. Similar to what we do with our dividend blogs. It's all real world results for better or worse. Thanks for sharing and look forward to your next update.DivHuthttp://divhut.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-59240114978267736822015-01-25T15:56:27.356-08:002015-01-25T15:56:27.356-08:00Your struggle to find notes is likely less a resul...Your struggle to find notes is likely less a result of the quantity that meets the criteria and more of the institutional demand that is absorbing any growth in volume. My post just last month (linked in my name) laid this out pretty well. I know you are hesitant to review your criteria, but perhaps looking for something equally as restrictive in terms of borrower quality but less so in volume of notes might be worthwhile. You shouldn't be having too many issues finding loans in the higher grades of AA-A and A-B. writing2realityhttp://www.writeyourownreality.com/lending-club/great-divide-p2p-lending-institutional-demand-little-guy/noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-68680017104685855442015-01-25T15:22:13.316-08:002015-01-25T15:22:13.316-08:00AFFJ,
I can't wait until we Texans can invest...AFFJ,<br /><br />I can't wait until we Texans can invest in Lending Club. I like the idea of earning interest as well as having your capital partially returned each month. That could really help with the cash flow when retirement starts.<br /><br />MDPMy Dividend Pipelinehttps://www.blogger.com/profile/00105884431032493602noreply@blogger.com