P2P Lending

Lending Club Update #2

February 24, 2013 by Mr. 1500 Days 10 Comments

I think that P2P lending is a great way to generate consistent and dependable income. After playing around with it for over 2 years, I am convinced that it is a good idea and will be a significant part of my income generating portfolio.Every month, I'll post an update on my progress with Lending Club. This is update #2.First Default I started with Lending Club … [Read more...] about Lending Club Update #2

Lending Club Performance Update

January 29, 2013 by Mr. 1500 Days 3 Comments

I see P2P lending as a critical part of my retirement portfolio and currently have accounts with both Prosper and Lending Club. I'll provide monthly performance and strategy updates. For now, I'm going to focus on Lending Club. … [Read more...] about Lending Club Performance Update

Introduction to peer-to-peer lending with Lending Club and Prosper

January 8, 2013 by Mr. 1500 Days 2 Comments

Prosper.com and LendingClub.com are two websites that facilitate peer to peer (P2P) lending. What is P2P lending you ask? Wikipedia.org defines it as follows:Peer-to-peer lending (also known as person-to-person lending, peer-to-peer investing, and social lending; abbreviated frequently as P2P lending) is the practice of lending money to previously unrelated individuals or … [Read more...] about Introduction to peer-to-peer lending with Lending Club and Prosper

My goal was to build a portfolio of $1,000,000 by February of 2017; 1500 days from the birth of this blog (January 1, 2013). And hey look, I’ve since retired!

Investments only
1/1/13 (The Start): $586,043
1/1/14 (1 Yr Later): $869,635
1/1/15 (2 Yrs Later): $987,351
1/1/16 (3 Yrs Later): $1,057,961
1/1/17 (4 Yrs Later): $1,257,128
1/1/18 (5 Yrs Later): $1,527,701
1/1/19 (6 Yrs Later): $1,549,440
1/1/20 (7 Yrs Later): $2,035,040*

2020: Investments only
1/1: $2,035,040
2/1: $2,118,622
3/1: $2,078,857
4/1: $1,979,773
5/1: $2,491,119**
6/1: $2,526,338
7/1: $2,605,803
8/1: $2,790,942
9/1: $3,102,689***
10/1: $2,961,842

Overall
Gains since 1/1/2013: $2,375,829
Net worth****: $3,111,872
2020 investment gains: $926,802

* The big jump between 2019 and 2020 was partly because we bought another home, but kept the previous (much more expensive) one as a rental, so now count it as an investment.

** We cash-out refinanced our primary home and invested the money, hence the huge increase in the investment part of our portfolio. It also didn’t hurt that our tech stocks had a stupendous month.

*** Tesla.

**** Includes our primary home equity in addition to our investment portfolio.

Finally, we still have about $370,000 in mortgage debt (which I love!). No regrets about the debts!