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Messages - ggnoob1337

[1] 2
BlueVestment / Bluevestment to begin charging a fee
« on: April 14, 2015, 11:00:00 PM »
Here's the pricing information:
LendingRobot / New sign ups get an extra $5000 managed free
« on: March 29, 2015, 11:00:00 PM »
Thanks! I signed up with your link and now have $10k managed for free. Just in case somebody wants to sign up with my link, here it is:
Investors - LC / LC Share Allocation
« on: December 11, 2014, 12:00:00 AM »
I got 250 as well (out of my requested 350).
Investors - LC / Thoughts for retirement savings (case study)
« on: July 29, 2014, 11:00:00 PM »
Last year was the first year I started investing (other than in a 401k, which was completely automated and I didn't know anything about investing at that time). I'm 27 and my wife is 25. My first investment account was a taxable Lending Club account. The idea of a steady, yet good, return sounded pretty awesome to me. I also started investing a bit in stocks/bonds at Betterment. Since last year I closed my taxable investment account at LC and have been contributing to Lending Club Roth IRA's for my wife and I, along with Roth IRA's at Betterment. We maxed out our Roth IRA's last year and will continue that trend as long as we can.

Instead of having both a Betterment and Lending Club Roth IRA, I'd like to choose one or the other. I've been leaning towards liquidating my LC account (I know you aren't supposed to sell notes in an IRA, but it lets me so I do anyhow) and moving it all to Betterment. Mainly because its easy to make changes, easy to withdraw if I ever needed my contributions in an emergency, and easy to rollover to another investment account (Vanguard?). I've also learned a lot about investing in stocks since I opened my first LC account, so they sound a lot more tempting now. I've learned I shouldn't care whether they go up or down now, as long as they do good near/in retirement (I really would want them to go down now so my money can buy more shares).

But at the same time, if we kept maxing our LC Roth's until retirement and earned 8-10%, that would be a really nice chunk of change. If we continued earning 8+% in retirement, we could live off of our LC Roth's interest alone.

In a few years we'll have paid off a couple of loans and be able to start maxing out our 401k contributions. We are also maxing out an HSA and have some left each year to invest in a taxable investment account. On top of that, I'm contributing to a pension.

So in a few years if we were maxing out Roth IRA contributions with LC (both my wife and I), I figure that would be about 22% of our monthly contributions to all investment/retirement accounts. Then if I assume all of our investment accounts earn 8% until retirement, the LC Roth's would be about 24% of our overall portfolio. I know it's suggested that we don't invest over 10%, but I'm fine with up to 30%.

So I'm looking for help to convince me one way or the other...

Close our LC Roth's and move to Betterment (or Vanguard)
Close our Betterment Roth's and move to LC
Or a mixture of the two and have my wife do Betterment while I do Lending Club (would put us closer to 10% of our overall investments in LC)

Keep in mind that our LC Roth's are not above the $10,000 needed to avoid the annual fee. Lending Club said as long as they are $5,000 on the 1st anniversary and $10,000 on the 2nd anniversary, we won't pay any fees. I'm on track to hit $10,000 by the 2nd anniversary for both accounts and they are both currently over $5,000.

My main concerns with LC are:

It's not liquid should I decide to rollover down the road (easier to sell notes now while my account is smaller)
It's new and we aren't sure where it's headed in the future
If defaults go up during a recession, it won't rebound like stocks would after a recession
The Roth IRA with LC is a pain in the butt to manage if I need to make changes (why can't I just do everything online?)

Any advice on what I should do?

Since our Net Worth is still low, does it make sense to save up in stocks/bonds for a while and eventually stick to the 10% rule with LC?

If I moved the Roth's out of LC, then I would probably open a taxable LC account again eventually, even though I know taxes are horrible. It's just so much easier to use a taxable account because I'm free to sell notes and transfer funds as I choose.

My wife and I each have a LC Roth IRA. Our filters pretty much the same so I have her deposit on the 1st of the month and mine on the 15th. It doesn't prevent us from investing in the same loans, but it helps that our monthly deposits won't invest in the same loan each month.
Investors - LC / Drawing down a LC IRA in retirement
« on: June 18, 2014, 11:00:00 PM »
I'd assume in a retirement you'll have a set amount to withdraw each month for your monthly income. So for example, lets just say I need $2,000 a month from LC. I would set my BlueVestment account to maintain a minimum of $2,000 in cash. Once it hits that $2,000 in cash, then it will start investing again. As soon as I make my monthly withdrawal, it will start over in saving up the cash. To do this most effectively, you'll want to make sure that you get at least that amount ($2,000 in this example) each month in interest and principal payments.

That's just what I assume I'll do. But I'm a long ways off from being able to withdraw from my LC IRA.
BlueVestment / WOW
« on: April 30, 2014, 11:00:00 PM »
Investors - LC / Folio and IRAs
« on: April 14, 2014, 11:00:00 PM »
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