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So now that March is here, I wanted to give an update on my new “portfolio”, which is really more of a savings vehicle than a portfolio when you think about it. By using my debit card instead of my airline rewards card, I “saved” $9.32 in February via Keep the Change transfers in my Bank of America account. I rounded this up to $10 and initiated a transfer to my Lending Club account this morning. This money will be invested in a new loan note as soon as I have $25 in cash available.

Now to the even better news. Based on my first month of investing at Lending Club, I am currently earning a Net Annualized Return of 13.74%!

All ten of my notes are issued and current, and I have roughly $9 in cash in the account. Combined with next month’s payments and March’s transfers from Keep the Change, I should be able to invest in a new note next month.

This graph makes me feel pretty good about how things are going so far:

As long as I continue to stay on the right side of this distribution I will be satisfied, and continue to invest more and more money into the Lending Club system.

See my original review of Lending Club here.

In talking to my father the other day, he mentioned he had a large CD that was about to mature, and wanted to build a portfolio of stocks to beat the interest rate he was getting. There are two nice things about this portfolio.

1. We get to start from scratch with a clean slate and pick whatever stocks we want to.
2. We have a clear goal to work towards. (Beat 4% interest)

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I was reminded this morning, that when I went thru last week’s update on my stock holdings, that I left out one of the purchases that I had the most confidence in working out over the long run. Ford! I bought shares of Ford back on June 11th for a little bit under $6 dollars a share, and after a a nice earnings call this morning, they were up to almost $7. My horizon on this stock is much longer term, as I am hoping that they take this auto industry crisis as a turning stone in their business, and continue upwards to profitability, but the news is so far so good.

While I’m posting I might as well add some more info based on this quarter’s earnings reports so far. Continue Reading

I’m not obligated by the SEC to declare what my holdings are, but I do enjoy doing it from time to time, just to track publicly how I am doing. I freely admit my losers when I have them, and try and state my winners ahead of time, so that I am on the record in favor of a stock BEFORE it runs up. It’s been a while since I’ve posted about stocks at all so I’ll just jump right in.

• I swapped Mastercard for Visa
• I bought into Freeport McMoran
• I bought into Permian Basin Trust Continue Reading