Here's another post where a reader is asking for your suggestions on how to handle a financial issue. Please read his summary and give your thoughts below... The question I have is about pension options. I have a corporate (Fortune 50 company) pension fully funded. I need to decide how I want to take payment once I do retire. Cash out upfront is $1M, payment for … [Read more...]
All About Precious Metals Investing
As you know by now, I'm a bit of a precious metal investor/collector. I list both "investor" and "collector" as I'm not really sure what I'd call myself. I buy a few coins here and there, but don't have a large part of my net worth in metals. At this point I buy mostly for my own enjoyment as well as for gifts (coins make fun and unique gifts, especially for kids, for … [Read more...]
An Investment Gone Bad
This site often seems like a brag-fest to me. Many of the posts are about how I did this well or did that well. Of course, I have had my successes and they are worth learning from. But as we've seen now and then, I've also made a lot of mistakes. Fortunately these have been limited in number and not that large. But they do happen and are just as worthwhile to learn … [Read more...]
All about Coin Collecting: Is It an Investment or a Hobby?
One of the great joys of blogging is the friends I've made over the years. I have a few who I communicate with on a regular basis and have been for many years (from when I started my former blog). Some have even written guest posts for me. One of those friends is a coin collector of sorts. I don't think he's really into it like some, but he does buy coins now and then and … [Read more...]
How Can I Get an 8% Investment Return?
In posts like The Best Way to Maximize Your Investment Return and How a Side Hustle Business Can Get You to Financial Independence in 10 Years I use 8% as a long-term return percentage when doing investment growth projections for stock index funds. Many sites will use 10% since it's around the historical long-term return of the stock market. And, of course, Dave Ramsey uses … [Read more...]
Pay Off Debt or Invest?
You probably noticed that I've only been posting twice a week since Memorial Day. I decided that I was going to take much of the summer off -- having a GREAT time BTW. I also thought you are probably doing the same and that two posts per week were more than enough for now. I'll go back to three a week after Labor Day. That said, sometimes an idea or situation pops up and … [Read more...]
Why I’m Done with Lending Club
As many of you know, I've been a P2P investor for almost two years. For those needing to catch up, here's my last P2P results update. I had weathered the Lending Club scandal of firing its CEO and thought all was well. I was pulling money out to get me down to the $50k mark or so, but I was planning in sticking with them after that. Then in late May I received an email … [Read more...]
My Current Money Management and Investment Plans
It's been some time since I shared my asset allocation. In fact, my last update was just after I retired. Now that I've been retired some time and am getting used to it, I'm looking at my assets with new purposes in mind. Given this plus the fact that one of my 2017 financial resolutions is to review my investments, I thought I could kill two birds with one post. :) As … [Read more...]
My 2016 Peer-to-Peer Lending Results and Next Moves
This post is an update on my peer-to-peer (P2P) lending results through 2016. I use P2P investing as part of my retirement income strategy. For background on how we got to this point, see My Entry into Peer-to-Peer Lending and An Update on My Peer-to-Peer Lending Investments. In addition to results I'll cover my thoughts on the two platforms I use as well as give some … [Read more...]
Three Simple Money Resolutions to Help You Prosper in 2017 and Beyond
This is the time of year when people make New Year's resolutions, setting goals for what they want to accomplish over the next 365 days. I'm a big resolution-setter. Or more accurately a goal-setter. Every year I develop a list of goals I commit to over the next 12 months. Some are simple, daily habits and some are more complicated and will take the entire year. I do track … [Read more...]
