Interest – Remember To Water

Peer to Peer Lending – Goals and Questions Answered

Tom — Sun, 31 Mar 2019 05:15:12 +0000

So it has been a while since my last post. I feel bad, but will get over it since no one complained to me. I wanted to give a quick update on my P2P lending from the last post that I made on the topic. I also wanted to answer/address the goals and questions I had previously. So here goes. First, let’s address the questions What rate of return will I receive? Currently the rates are listed as: Wisr: 7.6% to 8,4% (see here). RateSetter: 8.3% (see here). OurMoneyMarket: 8.4% up to around 17% (see: here). How long will my...

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Peer to Peer Lending – Goals and Questions

Tom — Mon, 04 Jun 2018 19:27:14 +0000

Continuing on from my first post about Peer to Peer (P2P) Lending, I wanted to have a look at the three remaining retail P2P lenders. As I am still a retail client, the wholesale funds hold little interest to me at the moment. As a quick recap, the three remaining peer to peer lenders are: Wisr (previously DirectMoney) RateSetter OurMoneyMarket Before assessing the remaining three however, there are some key questions that need to be answered. Some of them can’t be answered, like “will I lose my money”, but I will try and see if some of the information they...

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Peer to Peer Lending – The Beginning

Tom — Sat, 26 May 2018 12:45:57 +0000

I have wanted to start my foray into Peer to Peer (P2P) Lending for almost a year now, and I have finally had time to get around to it. Just like most people, I am a fan of having a diversified and balanced investment portfolio based on my desired risk vs return objectives… That really sounds like a boring old man’s statement, I didn’t think I was that old yet. Given the current RBA cash rate is only 1.5% I have been looking to other investment options to increase returns. I already have quite a bit invested in a few...

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Dividend Update – 2016 Q3

Tom — Sat, 12 Nov 2016 08:47:03 +0000

Time for my third dividend update. Can you pick the spot where in the dividend graph below I decided that the house was paid off enough to start putting some of my money into shares rather than just paying off more of the mortgage? Or how about the point in the interest graph where the house was fully paid off and the mortgage payments were redirected to savings? Graphs are good at showing changes and progress, and that is why I love them – especially for passive income. If you are new to these updates, then my first update lists more detail...

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Dividend Update – 2016 Q1

Tom — Wed, 23 Mar 2016 12:46:18 +0000

I have finally got around to tracking, calculating and graphing my dividend income. It took three attempts to find a tracking/recording system that I like enough to keep using. I found a few trackers online, but none gave me the specifics I wanted without the overhead I didn’t. If you know of any good ones, please let me know. As a result of having a nice system, I will now be providing a quarterly (Feb, May, Aug, Nov) dividend update/interest update for my passive income for those of you who are interested (pun intended). Yes, I am a little late on...

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