Way back when Mr. 1500 was in high school, a teacher asked the following question:"Which would you rather have, $10,000 or 1 cent that doubles in value every day for a month?"I have no idea what I thought, but I do remember most kids saying they'd take the $10,000. However, if you do the math, the penny is the clear winner. … [Read more...] about The Magical Doubling Penny
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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
Introduction to peer-to-peer lending with Lending Club and Prosper
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