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Blog Reboot

January 2nd, 2015 at 04:49 pm

New Year, New Intents Yada Yada Yada.....

I haven't posted in like, forever - I'm a bad, bad blogger. But no time like January to start anew.

I was thinking about a blog and for now I'd like to concentrate on what I like to call my "Investing Hobby" money.

When I say this what I mean is the amounts that are about to follow are not our Retirement Funds or Emergency Fund or anything like that. These are accounts that I hold using mostly what I like to call found money. Some of it is extra work I pick up doing small business bookkeeping here and there. Some of it is Swagbucks and Survey amounts. Some of it is from when I come under budget in grocery or other items in a month and I'll sweep the difference into my investments. Occasionally life aligns in a manner that we just have some extra money and DH and I will agree to take a small part of it and put it in one of these accounts.

So to start the year, this is where things were at the beginning of January/end of December.

1. Lending Club/Prosper P2P Loans Investment Account. $2,725.86

Back in 2013 I became very interested in the things I was reading about Peer to Peer Lending and I wanted to give it a try. But, I didn't want to risk what I considered "real" (I do know the money isn't fake, seriously) money. I determined that I was going to take what I earned with Swagbucks, Survey sites etc and use those funds. I literally started these accounts with $100 and I just keep reinvesting the interest and pumping new money in as I get it. Some months it is a couple hundred bucks, some not so much.

I will later write about how I choose loans and how it has worked out, mostly good but some bad.

2. Schwab Acct (currently all SCHB, which is an ETF). $2,051.43

This is just a broad US Market ETF that trades commission free. I like it because it reinvests dividends and it is a fuss free way to invest fairly small amounts and keep it diversified. We have several other schwab ETF investments in our retirement account, but this is the only one I hold in a regular taxable investment account. Most of this was bought using money I made from a garage sale and EBAY etc.

3. Individual Stocks. (TradeKing, DRIP Plans, Loyal3) 9,441.92

I'll write more about how I ended up with each of these stocks later. Let me just say I do realize that nearly every intelligent financial advisor on the planet recommends against owning individual stocks in such small amounts. That's why I don't do this with our retirement or college funds or whatever. I've just realized that I LIKE owning individual stocks. Many years ago I was a member of an Investment Club and it was lots of fun, but we moved so I had to cash out. For now I've tried to limit myself to under 10 symbols so I can keep up with them.
I've been dabbling with this for a couple of years, but with the kids not sucking up so much of our income with tuitions now --- money is just a bit more freely available and I get to play with it more.

So this is what I have right now

Berkshire Class B 2 shares
Realty Income Corp 6 shares
Abbvie Corp 6 shares
ATT 16 shares
Pinnacle West 10 shares
Chevron 8 shares
National Healthcare 19 shares
Lockheed Martin 10 shares
Lending Club 125 shares
Disney 1 shares

I will just quickly explain the Lending Club stock as it is a large holding for us and not exactly a fit considering the other companies I've bought stock in, or how I got the money to buy it.

When the company (Lending Club) issued their IPO awhile back, they gave their existing customers a chance to participate. I've never done an IPO before, and I might never again because they are very risky. But I thought it sounded intriguing so DH and I decided to go ahead because the IPO just coincidently matched up with one of his "extra paycheck months."

My gut says that I should probably sell these shares now at a nice profit. But right now I'm still in the Short Term holding period, which means a huge chunk of our gain would just go to the government for taxes and I HATE to pay more taxes. So I haven't done it yet.

Total of the 3 Sections - $14,219

So that's about it for now. I think it would be fun to see if I can get this total to over $20,000 by the end of 2015 while still maintaining our Retirement and other savings goals.

Looking at my sidebar Author Info I really need to update that too. My son did graduate college, we did go on a vacation but I wouldn't mind another one. Our savings account has about $40k in it right now, but I have around $15k in 0% Credit Card balances that need to be paid off in February and March. I'm not sure of our exact Mortgage balance but I do know that 2015 is the year it is supposed to go under $100,000 so that's pretty exciting.

And if you actually read all this rambling, thanks!

1 Responses to “Blog Reboot”

  1. creditcardfree Says:

    Welcome back to SA! I like your way of investing your extra funds.

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