Those who recall my last Prosper post know that I’ve had an up and down relationship with the site and its borrowers. I’m happy to say that in the past year, I’ve participated in the funding of 12 loans, and none of them have defaulted. In fact, I can’t recall any of them being late …
Prosper.com – A Year of Peace and a New Loan (1st in a series) Read More »
Last Friday the Treasury Dept. announced that they were lowering the minimum amount necessary to buy treasury bills from $1,000 to $100. This is great news for the common man wishing to start investing in treasury bills because the cost of entry has just fallen 10-fold! Why invest in T-Bills?
Dear readers, Did you own Bear Stearns put options? If so, I’d love to hear from you in the comments section. How did you identify this opportunity? Did you buy any calls or do any levering to reduce the risk? Congrats on making a killing!
I’m considering putting some of the cash in my Roth (currently earning 2.4% in a money market), and I need your help. I have a 20-30 year time horizon. Any assistance you could provide would be greatly appreciated. My current allocation looks like this: ADRE 10%ATSI 5%COV 3%EWZ 6%HHJ 2%ILF 13%RMG 2%SPY 17%CGMFX 11%OAKLX 4%Cash …
Roth IRA Investment (cash, commodities, Berkshire, ETF’s, mutual funds)? Read More »
As if I needed another reason to hate living in NJ beyond the inflated house prices, worst in the nation real estate taxes, and population density, now I find out that I can’t get the gas rewards with my credit card either! This all started because I got a new credit card which I love. …
Today’s drawing for the Mega Millions Lottery is for an estimated $220 million (or $134.6 for the cash option). The odds of winning are…well….low. I mean it is a lottery. The odds of picking all 5 balls plus the powerball are 1 in 175,711,536. As you can see at Durango Bill’s website, you’re more likely …
Mega Millions Lottery – Odds, NPV, Sucker bets, and Hope (Barack Obama) Read More »
I’m a big believer in giving lost money a home (in my own pocket). I remember vividly as a ~9 year old going to the dime store down the street from my grandmother’s house. One day I noticed that there was a large cache of pennies in a storm drain. I looked around, found a …
There’s an interesting discussion over on savingadvice.com aboout the amt. you actually need in order to retire with enough to live on. As you’ll see opinions vary. Check it out if you get a chance. You’ll see me posting…
I have been a lender on Prosper since June 2006. Prosper itself has been around since about October of 2005. When I started, there were about 48,000 members. Today, there are almost 700,000. I think my joining when I did would probably qualify me as an early adopter. During this time, there were few accurate …
So why did I title my blog “Sunk Costs are Irrelevant”? Well, let’s start with sunk costs. Sunk costs is a term primarily used in accounting. It refers to costs “that have been incurred and which cannot be recovered to any significant degree.” Thus, one seeking to make a rational decision would not consider any …
