2016 Portfolio Performance

Equity Portfolio Update #5 [+21% @ 12-31-16]

Gen Y Finance Guy Investing 12 Comments

We have officially closed out 2016, thus the need for another peek into the equity portfolio. As many of you know that have been reading for any length of time, every month I put together a very detailed financial report that details out gross income, expenses, net worth, savings rate, and progress on the 7 year 3 month mortgage pay off goal. Since the report already pushes 3,000 – 4,000 words a month, I thought it would be more appropriate to provide details of the equity portfolio in an entirely separate post. Also, I don’t really see the benefit of updating this on a monthly basis, quarterly should be just fine. One of the guiding tenets of this blog is that …

Peer to Peer Lending

Humble Beginning in Peer to Peer Lending

Gen Y Finance Guy Investing 19 Comments

I first dipped my toes in to the Peer to Peer lending market back in 2010. Back then I was just dabbling and transferred $2,000 into my investment account over a 6 month period. Looking back at the history it looks like this initial investment was made up of 5 separate deposits. I don’t really remember what put P2P lending on my radar, but I do remember finding it intriguing…obviously it was interesting enough for me to divert some capital over to a P2P platform. Prosper was the first platform I found that facilitated such P2P lending activity. I am pretty sure Lending Club was around at the time as well, but I chose to invest my capital using the …

Betterment

[Guest Post] I only have $200 a month to invest, here’s what I do with it.

Gen Y Finance Guy Investing 5 Comments

I am surprised to learn that millennials are actually pretty good at saving money. At times, the media can paint a picture of millennials as naive, buried in debt, and lacking common sense. This might be true for some 20 somethings, but millennials are saving anywhere from 5%-10% of their salaries. Only recently have I been able to start saving money for my retirement. I am learning there isn’t a one size fits all answer for where you should be investing your money but the challenge of “figuring it out” is exciting to me. I should probably put in the standard disclaimer that the following opinions don’t constitute as financial advice and you should always consult with someone who specializes …

Q3 2016 Portfolio Update

Equity Portfolio Update #4 [+17.1% YTD @ 9-30-16]

Gen Y Finance Guy Investing 4 Comments

We have officially closed out 9 months of the year, thus the need for another peek into the equity portfolio. As many of you know that have been reading for any length of time, every month I put together a very detailed financial report that details out gross income, expenses, net worth, savings rate, and progress on the 7 year 3 month mortgage pay off goal. Since the report already pushes 3,000 – 4,000 words a month, I thought it would be more appropriate to provide details of the equity portfolio in an entirely separate post. Also, I don’t really see the benefit of updating this on a monthly basis, quarterly should be just fine. One of the guiding tenets of this …

Bonds

[Guest Post] The Future Of Bonds and Their Place (or not) in A Portfolio

Gen Y Finance Guy Investing 14 Comments

Hi, I’m Xyz from FinancialPath, working until 65 is nothing I could dream of and with a solid plan, my path to financial independence at 35 is clear. With the power of compound interest and a high savings rate, I am confident that I can achieve financial independence and early retirement within 10 years. I currently save over 50% of my income and hope to increase this savings rate up to 70% to finally accumulate enough assets to passively pay for all my expenses. I am more than happy to share this guest post with GenY Finance Guy today. I wrote about my views on Bonds and their place in a portfolio, I hope you enjoy! Feel free to comment and share. If you read …

2016 Q2 Portfolio Update

Equity Portfolio Update #3 [+11.7% YTD @ 6-30-16]

Gen Y Finance Guy Investing 6 Comments

We have officially closed out half the year, thus the need for another peek into the equity portfolio. As many of you know that have been reading for any length of time, every month I put together a very detailed financial report that details out gross income, expenses, net worth, savings rate, and progress on the 7 year 3 month mortgage pay off goal. Since the report already pushes 3,000 – 4,000 words a month, I thought it would be more appropriate to provide details of the equity portfolio in an entirely separate post. Also, I don’t really see the benefit of updating this on a monthly basis, quarterly should be just fine. One of the guiding tenets of this blog …

Mutual Funds are Stealing your Wealth

Mutual Funds Are Stealing Your Money

Gen Y Finance Guy Investing 15 Comments

The other day I was talking with a friend about saving and investing (my favorite conversation). This friend of mine, Jamie, was trying to wrap her arms around her companies 401K and its investment offerings. Jamie wants to start contributing to her 401K to save for retirement and get the company match, but remembered a conversation she overheard about how I hated mutual funds. She wanted to know specifically why I was not very fond of them. I went on to explain to Jamie that it’s not all mutual funds I despise, just those actively managed ones that are riddled with high fees and under performance. I told her the thing that peeved me most was the fact that the excessive fee they charge is …

Q1 2016 Portfolio Update

Equity Portfolio Update #2 [+7.2% YTD @ 3-31-16]

Gen Y Finance Guy Investing 11 Comments

We have officially begun a new year and with that I have decided to start a new quarterly series. As many of you know that have been reading for any length of time, every month I put together a very detailed financial report that details out gross income, expenses, net worth, savings rate, and progress on the 7 year 3 month mortgage pay off goal. Since the report already pushes 3,000 – 4,000 words a month, I thought it would be more appropriate to provide details of the equity portfolio in an entirely separate post. Also, I don’t really see the benefit of updating this on a monthly basis, quarterly should be just fine. One of the guiding tenets of this …

Jade Lizard - Large Profit Range

Using Options to Set Up Huge Profitability Ranges in SPY with Jade Lizard Strategy

Gen Y Finance Guy Investing, Options 6 Comments

Many of you reading this have probably never sold or traded an option in your entire investing tenure. And most probably are still fighting the dogma you have been force fed about options being weapons of mass destruction. Or that options are much more risky than stock. Or that options are purely for speculation and offer huge amounts of leverage. When in fact the original creation of the options market was for that of risk transfer and mitigation. Meaning you can and in my opinion should be using options to reduce your risk in the financial markets. My favorite two strategies for beginners are the short cash secured put and the covered call (link to a guest post I wrote for Financial …

Performance vs. S&P 500

Equity Portfolio Update #1 [+39.5% @ 12-31-15]

Gen Y Finance Guy Investing 8 Comments

We have officially begun a new year and with that I have decided to start a new quarterly series. As many of you know that have been reading for any length of time, every month I put together a very detailed financial report that details out gross income, expenses, net worth, savings rate, and progress on the 7 year 3 month mortgage pay off goal. Since the report already pushes 3,000 – 4,000 words a month, I thought it would be more appropriate to provide details of the equity portfolio in an entirely separate post. Also, I don’t really see the benefit of updating this on a monthly basis, quarterly should be just fine. One of the guiding tenets of this …