Get Rich with Litigation Finance

Personal Finance

Changing Investments I recently found a crowd-sourced lawsuit funding platform called LexShares. LexShares provides corporate litigation finance investments for accredited investors in a variety of products, such as commercial litigation finance, international arbitration, intellectual property, and portfolio financing. Litigation finance is not linked with stock market performance and returns can easily outstrip other investment classes. I see […]

Investment Strategy 2017

Personal Finance

Backdoor Roth IRA I considered Vanguard or Fidelity for my annual backdoor Roth IRA, but I decided to stay with Lending Club. I signed up for the Groundfloor IRA beta release. My annual backdoor Roth IRA contribution will be invested in a Groundfloor IRA. I also start winding down a Lending Club IRA. Litigation Finance […]

Discover Price Protection

Credit Cards

Credit Card Price Protection Discover will refund the difference up to $500 on eligible items if you find a lower price at any store within 90 days of purchase. It applies to eligible items at any store so long as you used your Discover card for the entire purchase. There is a reimbursement limit of […]

ProudLiving Project Terminated (iFunding)

Crowdfunding

ProudLiving Project Has Been Terminated My 2nd preferred equity investment on commercial real estate project has been terminated. It’s 36 days from the time of capital commitment to the return of subscription. The estimated opportunity loss was $3,330. Funding In September 2016, iFunding announced a $1.4 million, 2-year preferred equity investment in an apartment portfolio acquisition […]

Cross Account Balance Transfers

Credit Cards

Cross-Account Transfers Generally electronic funds transfers between different account owners are not allowed. However, banks rarely verify the account owner of the target account. In some cases, banks take additional due diligence when the amount is over certain threshold (i.e. $100,000). But most of the time, cross-account ACH works without any problem. Balance Transfer Results I […]

Bank of America Closed All Credit Card Accounts

Credit Cards

Mass Closing of Bank of America Credit Card Accounts Today I received letters from Bank of America stating that they are closing my credit cards. As a result of a recent review, we’ve closed your above referenced account because there are too many accounts with balances and you currently owe sufficient amounts on your revolving […]

How to Liquidate and Close a Lending Club IRA Account

Crowdfunding

Backstory I made a prior-year contribution to my traditional IRA in January, thinking that contribution would be tax deductible. Unfortunately that was not the case. An issue came up as the non-deductible IRA contribution was already fully invested in my Lending Club IRA account. I ended up having to liquidate notes to execute a backdoor […]

Retirement Plan 2016

Personal Finance

Backstory Today is my birthday. I am a few years away from 40. Recently I am experiencing high levels of stress at work. It has been taking a toll on my physical and emotional health. This might be a great time to get my retirement finances in order. Early retirement became an obsession, and I am […]

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