Warren Buffett's annual letter just came out on March 1st. Read it here.Disclosure: I own Berkshire Hathaway and have idolized Warren Buffett for years. Be prepared for a Warren Buffett lovefest. Also, if you want to go with Mrs. 1500 and I to see Buffett in the flesh in May, read on!What is the annual letter and why should you care? Warren Buffett is one of the … [Read more...] about Required Reading: Warren Buffett Wisdom in the Annual Letter
Performance
Performance Update 2 of 50: Falling in February
January 1: $586,043 (starting point) February 1: $587,134 March 1: $576,890The dirty totals February loss: $10,244 Overall loss: $9,153 Days elapsed: 59 Days to go: 1441The markets continued to climb in February. The S&P 500 went from 1498 to 1518. All indexes are currently near their all time highs. Things are going awesome; except for me. … [Read more...] about Performance Update 2 of 50: Falling in February
Lending Club Update #2
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
Performance Update 1 of 50: Stinky January
January 1: $586,043 February 1: $587,134 Gain: $1,091January was an awesome month for the markets. The Dow Jones and S&P 500 both gained over 5%. Spectacular! However, the 1500 Portfolio barely moved. Craptacular!!If you read my post a couple weeks back, you know my irrational exuberance for Apple is what did me in. … [Read more...] about Performance Update 1 of 50: Stinky January
Lending Club Performance Update
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