I would like to announce that I completed my first goal I set for 2013 and that was to reach 14% annual return rate. I am very happy about it, because with this rate of return, my investment will double every 5 years!
My other goals are going well too. It looks like I under-sized my goals and was too generous. But that is OK. If I meet all my goals prematurely I will adjust them for the rest of the year.
|I MET THIS GOAL ON MARCH 10, 2013
ANNUAL RATE OF RETURN 14.00%
Since I met this goal early, the goal for the rest of the year will be to maintain this rate of return or increase it to 15% annually. And I want to maintain my winning strike of having no late or default notes while increasing my investments in Lending Club. Unlike some other investors who are dealing with “inevitable” defaults, I can manage my account without late notes and defaults.
I will continue depositing $225.00 a month to this account for another 5 months. That will complete my goal. Then I will redirect that cash to another goal.
On the following picture you can see the the status of my account.
- Lending Club Update – Compounding Income
- Lending Club Update #2 – 1500 Days to Freedom
- The Lending Club Experiment … Four Months Later – Mr. Money Mustache