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LexShares Case #217 Resolved

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Summary My 1st investment into commercial litigation crowdfunding has reached finality. It has been 640 days from the time of an ACH transfer to the distribution. The investment has generated 1.00x MOIC and 0% XIRR. Key Events Backstory This was my first litigation funding investment. I signed up on the platform in the middle of […]
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Beyond The First Million

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Portfolio Strategy My asset allocation strategy remains constant. I am willing to accept substantial risk for aggressive growth. I go all-in with litigation finance. I am a big believer in the concentrated portfolio approach. I will enter the world of hedge fund investing when my liquid assets reach $3m. Asset Class Allocation I hold a […]
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Tax Optimization Strategy

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The 2 Most Common Ways to Reduce Your Taxes Tax Deductions (<$250K) Income Distribution (>$250K) Tax Deductions Reducing your taxable income by deducting variety of personal & business expenses is one of the most common ways to lower your taxes when your gross income is under $250K. It becomes less effective as your income increases […]
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Retirement Plan 2018

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Retirement Changes Under the New Tax Law We reassessed our target numbers based on the new tax bill, a new investment strategy, and current spending figure. The risk-free interest rate is the return investors are willing to accept for an investment with no risk. I assume the risk-free rate of return is 12%. Housing Expense Townhouse for […]
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LexShares Case #281 Resolved

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Summary My 7th investment into commercial litigation crowdfunding has reached finality. It has been 73 days from the time of a wire transfer to the distribution. The investment has generated 1.79x MOIC and 1740% XIRR. Key Events Backstory I scheduled an automatic recurring withdrawal from a hedge fund on a monthly basis. My plan was […]
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Credit Limit 101

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How to Build Credit History from Scratch Continue from previous post Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think you […]
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Balance Transfer 101

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Getting started with Credit Card Arbitrage Recently a reader Evan asked the following question in a blog comment: Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from […]
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EVIVA Midtown Project Repaid (iFunding)

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EVIVA Midtown Add-on Project Paid Off My 1st preferred equity investment on commercial real estate project has completed. It’s 366 days from the time of capital commitment to the repayment of principal and accrued interest. The investment has generated 19.45% XIRR. Key Events Funding In September 2016, iFunding announced a $600,000 preferred equity follow-on offering […]
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Personal Capital Sucks

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Mint vs. Personal Capital Both Mint and Personal Capital are personal finance management services that allow you to sync and aggregate all of your financial accounts in one platform. Personal Capital is very popular among personal finance bloggers because of the terrific affiliate marketing program. Switched from Mint to Personal Capital I have tested Mint […]
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Get Rich By Investing in Litigation Financing

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Changing Risk Profile and Asset Allocation I recently found a crowd-sourced lawsuit funding platform called LexShares. This platform gives individual accredited investors the opportunity to invest in a wide variety of commercial litigation, such as contracts, international arbitration, intellectual property, and portfolio financing. Litigation finance provides very attractive yields at a lower risk. It is […]
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Discover Price Protection

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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 […]
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ProudLiving Project Terminated (iFunding)

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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 […]
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Cross Account Balance Transfers

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Cross-Account Transfers Banks do not allow electronic funds transfers between different account owners even among family members unless the person is a joint account holder. However, they rarely verify the account owner of the target account. Most of the time, cross-account ACH works without any problems except in the rare case that they take additional due […]
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Bank of America Closed All Credit Card Accounts

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Mass Closure of 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 lines of credit. […]
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How to Liquidate and Close a Lending Club IRA Account

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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 […]
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Retirement Plan 2016

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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 […]
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