baccredited

My approach is simple: invest the vast majority of all money after expenses into VOO (S&P 500 index fund). First max out tax advantage accounts like 401k and IRAs, then regular accounts.

I have $1,100,000 in VOO. Trailing inflation adjusted returns are 7% ish. Call it $25,666 for the first 4 months of 2016. I KNOW market returns aren't smooth like this but it is a simple approach that works for me (I'm not selling this stock any time soon so ACTUAL returns thus far in 2016 don't matter to me at all).

The math to get to that number is (($1,100,000 x .07) / 12) * 4 months

YES. Also if you could get it to auto-tag the URLs based on what OTHER people in pinboard used to tag it that would be awesome.

You can invest in Lending Club via a tax deferred account like an IRA. You won't be taxed on gains that way.

Agree that handpicking is a waste of time. Let the autoinvest feature work for you.

Relevant:

Why US FinTech is a Joke http://www.coindesk.com/fintech-joke/

I have invested in 4 Peer Street loans. The appeal to me is the transparency. All of their previous loans have been paid off. Compare to realtyshares.com where it is impossible to judge the past performance of old loans.

I'm drawn to these kinds of investments because they (hopefully) aren't tightly correlated to the stock market. And, unlike Lending Club, they are secured loans that are tied to property that can be liquidated if the borrower defaults.

Mr. Money Mustache had a writeup on Peer Street this week: http://www.mrmoneymustache.com/2016/05/02/peerstreet/

I do the same. I take 10% of total net worth and invest wherever the hell I want. I call it my 'casino fund'.

For me I don't care about #2. If you had the most boring investment in the world that returned exactly 7% every single year I would put 90% of my assets there immediately. But I'd keep trying to beat that 7% in my casino fund.

You have a 3rd option: start hacking towards happiness. At a giant company like G there are dozens of interesting projects. Take a positive attitude and get yourself assigned to one of them. Find the projects that interest you and take team members to lunch, find out what they are working on, what they need, etc. This may take months but may change your whole outlook on each day.

PS Don't walk away from that money unless you can replace a huge percentage of it elsewhere.

I don't really track this but think I heard that OPEC was threatened by the amount of fracking-based oil that was starting to reach the market and decided to put a major squeeze on the producers of that source of oil. I'm not sure if it is working.

http://www.cbsnews.com/news/low-oil-prices-threatening-frack...

Ask HN: Which personal investing tools do you use? https://news.ycombinator.com/item?id=11387384

The reason I switched from DirecTV to Dish is that programming upgrades on DirecTV can easily be done using the website, but if you want to DOWNGRADE you have to call them. Dish has its own faults but doesn't do that nonsense.

>How about Berkshire Hathaway itself?

Warren Buffett to heirs: Put my estate in index funds http://www.marketwatch.com/story/warren-buffett-to-heirs-put...

Point taken. But most big S&P 500 companies are heavily international. Look at Apple's last quarter:

'International sales accounted for 66 percent of the quarter’s revenue.'

>You will never, ever beat the market by making smart trades.

Agree. Just buy ticker VOO and get on with your life. Even Warren Buffet has said to buy 90% VOO and 10% bonds. And you will never be as good at this as Warren Buffett.

That said, I take 10% of my net worth and put it in a 'casino fund' where I can buy whatever I want. Startups, peer to peer nonsense, individual stocks, and so on.

The comments here are very negative so I'll share a little background on this Norway fund in case you haven't heard of it. Norway started making money from oil reserves and knew they wouldn't last forever. So they invested all the profits in a fund that bought stocks. Now the value of the fund, if liquidated, would net over $1 million per Norwegian citizen.

read more: http://www.bbc.com/news/business-28882312

I'll summarize: Many startups fail. Don’t throw good money after bad.

I buy ticker VOO, maxing out tax advantaged accounts first and then just keeping buying more.

http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...

https://www.mint.com/ - track your net worth

https://lab.madfientist.com/ - track your FIRE date - Financial Independence Retire Early, otherwise known as FU money (my date is Dec 2022)

http://www.mrmoneymustache.com/ - learn how to save and invest. And no, you don’t have to be as frugal as Mr Money Mustache.

https://www.reddit.com/r/financialindependence/ - read the sidebar resources and ask questions here if they aren’t answered

$93,917 for 2015. I was lucky enough to be born with gifts that make me good at writing code. I trade that coding ability for money. I invest that money in the S&P 500 (ticker VOO). I've been doing this for decades and have invested about $1,173,971 to date. The trailing 10 year return is about 8% per year. So let's call it $93,917. $93,917 of passive income.

Scott Adams’ Financial Advice https://www.mattcutts.com/blog/scott-adams-financial-advice/

Getting Rich: from Zero to Hero in One Blog Post http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...

I recommend not thinking about stock options until you have an offer on the table that includes them.

I've invested in over 100 startups. Here's how it will change MY investing: not at all. If the rate kept rising and rising I might shift some startup dollars to bonds or whatever (if the return beat 7%).

The article is about JPMorgan Chase, but I think this Taibbi quote about Goldman Sachs applies:

These banks are a 'great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.'

Yes, just started using Medium. I invest in startups (would invest in every YC-backed company if I could).

https://medium.com/@baccredited

Thanks for kicking this off Ray I followed you.

If you are just starting to dip your toes into world of investing I recommend: http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...

I have about 3% of my net worth with LendingClub. Returns have been 8%. I use the automated investing tools and don't focus at all on the number of defaults, etc. Just let the algorithm work for you. Realize that you are basically lending money in unsecured loans, so I wouldn't let this become a huge part of your overall assets. I might go up a bit higher to like 5% of total net worth. I like that LendingClub returns are not too strongly correlated with the S&P 500.

I would not even bother starting without $5K or so. Since the minimum investment is $25, you need a large number of loans to offset any harm a few defaults can cause.

One word of warning: HN folks might have a tendency to get too geeky with the hands-on tuning, creating their own special lending rules to optimize returns. I would say don't bother. You are better off writing code for money and investing what you make.

I was lucky enough to be born with gifts that make me good at writing code. I trade that coding ability for money. I invest that money in the S&P 500 (ticker VOO). I've been doing this a while and have invested about $900,000 to date. The trailing 10 year return is about 8% per year. So let's call it $72,000. $72,000 of passive income.