Search found 92 matches

by steelerfan
Wed Dec 12, 2018 3:07 pm
Forum: Money Questions
Topic: Lending Club Sadness
Replies: 75
Views: 20535

Re: Lending Club Sadness

I think LC is a difficult investment for an average Joe such as myself. The individual loan slices you make are more much risky than buying a share of stock and even riskier than most investable junk bonds. There is a reason that they generally want you to be an accredited investor and have a certai...
by steelerfan
Tue Dec 11, 2018 10:12 am
Forum: Money Questions
Topic: Lending Club Sadness
Replies: 75
Views: 20535

Re: Lending Club Sadness

I am the OP. As a followup, I am currently sitting with about 400 notes outstanding. I am reinvesting everything which results in about 12-14 new notes each month, I have and annualized return of 6.00%on the smaller older pool and 3.76% on the newer pool. The chargeoffs are largely the lower grade s...
by steelerfan
Mon Jul 30, 2018 9:50 pm
Forum: Politics, and other eternal disagreements
Topic: Summit with Putin
Replies: 163
Views: 10223

Re: Summit with Putin

Another day of listening to trump sputter through another press conference while congratulating himself for EVERYTHING. Everyday we get weaker as he debases our country. I always shake my head when I hear people on the right talking about the hate and lack of civility of the left. Usually there are ...
by steelerfan
Mon Jul 30, 2018 9:43 am
Forum: Work & Education
Topic: Is it a good idea to dropout of school to retire much faster ?
Replies: 67
Views: 6670

Re: Is it a good idea to dropout of school to retire much faster ?

In 2018, everybody needs at least a GED just to be able to manage your affairs. Basic math and reading comprehension skills. General ability to use technology. Personal finance skills. I am assuming the OP was not talking dropping out of HS. Doing so puts you at risk of not even making the cut for a...
by steelerfan
Mon Jul 30, 2018 8:25 am
Forum: Work & Education
Topic: Is it a good idea to dropout of school to retire much faster ?
Replies: 67
Views: 6670

Re: Is it a good idea to dropout of school to retire much faster ?

This topic interests me. I have two sons. Son number one is currently starting year 4 at a pretty good university - BA Computer Science - Minor or perhaps double major in Math. Son number two will attend attend a local community college and train for a career in TV/video production. Both kids attend...
by steelerfan
Wed Jul 18, 2018 9:06 am
Forum: Politics, and other eternal disagreements
Topic: Summit with Putin
Replies: 163
Views: 10223

Re: Summit with Putin

What is it going to take for trump to cross a red line with his supporters and his cowardly enablers in congress? He truly could shoot someone on Park Ave and not lose votes as he once boasted. I continue to be baffled daily. He is constantly crossing boundaries that no president in our lifetimes cr...
by steelerfan
Wed Jul 11, 2018 9:23 pm
Forum: Health Questions
Topic: Going without Healthcare
Replies: 51
Views: 3747

Re: Going without Healthcare

I think people should be free to opt out of coverage with a caveat. The rub is the hippocratic oath means that people without coverage historically have used the emergency room as their pcp and they are not turned away. This must stop. Treating the uninsured is a key reason why healthcare costs are ...
by steelerfan
Mon Jun 25, 2018 9:17 am
Forum: Lifestyle Questions
Topic: Tiny home festival!
Replies: 3
Views: 621

Tiny home festival!

My family went to the Tiny Home festival in Brighton Colorado yesterday. It was fascinating and we got to see both builder demos as well as people just opening up their personal homes. To any homeowner that frequents this site, Thank you. For us to actually do this it would honestly take a massive a...
by steelerfan
Sun Jun 24, 2018 9:48 am
Forum: Money Questions
Topic: I can't even....
Replies: 17
Views: 1456

Re: I can't even....

I thought the mortgage had to be paid off first. It seems like they are trapped by financial decisions they have made and continue to make. Who is steering this boat as it seems rudderless. I wonder if the kids are pressuring them to keep working to preserve the "estate"? I will be nice and assume t...
by steelerfan
Sun Jun 24, 2018 9:02 am
Forum: Money Questions
Topic: I can't even....
Replies: 17
Views: 1456

Re: I can't even....

It seems like they have decided to soldier on as Sclass puts it. They have above average NW but it is not usable for cashflow. At some point soon the guy will end this job either by death, sickness or layoff. At that point the house will be lost. The cashflow is not sustainable obviously. It seems t...
by steelerfan
Fri Jun 08, 2018 9:24 pm
Forum: Introduce Yourself
Topic: New girl on the block!
Replies: 15
Views: 1688

Re: New girl on the block!

[/quote] That depends on the cost of the gym membership. [/quote] True - but you only get one body and one life. The $20 per month I pay is worth every penny. It has a social and psychological benefit as well as maintaining your body. I would cut cable and dining out before cancelling this maintenan...
by steelerfan
Fri Jun 08, 2018 8:54 am
Forum: Introduce Yourself
Topic: New girl on the block!
Replies: 15
Views: 1688

Re: New girl on the block!

The gym membership is in my opinion not a waste. Welcome by the way!
by steelerfan
Fri Jun 08, 2018 8:51 am
Forum: Money Questions
Topic: Psychology of Money
Replies: 68
Views: 5107

Re: Psychology of Money

That is an excellent article Dave. I sent it to my college rising senior son who is here for the summer. I am going to have him read and discuss with me various sections - section 11 will be one of the first. He is a computer science/math major so no business background but I think he would benefit....
by steelerfan
Tue Mar 06, 2018 3:21 am
Forum: Lifestyle Questions
Topic: Firearm Recommendations
Replies: 135
Views: 8928

Re: Firearm Recommendations

Saving ten years - you are absolutely correct. It is strange. Being a certain type of american, gun ownership and having a prepper mentality seems hard-wired. I feel our country is polarized and I am somewhat distrusting these days. However, it makes you question what you are protecting. Possessions...
by steelerfan
Sat Dec 02, 2017 8:18 pm
Forum: Work & Education
Topic: Master's in Social Work?
Replies: 16
Views: 2202

Re: Master's in Social Work?

My mother in law is still working at age 84 with a MSW. She was a director at county Mental Health District. She made decent money but probably not as much as you think. She retired many years ago but does her current gig for the 100 percent travel and to "give back". Her job is all paperwork. As a ...
by steelerfan
Sat Dec 02, 2017 7:30 pm
Forum: Miscellaneous
Topic: Computers of the future?
Replies: 5
Views: 730

Re: Computers of the future?

Also - I generally scrounge all the other stuff I need from the electronic part grave yard.
by steelerfan
Sat Dec 02, 2017 7:23 pm
Forum: Miscellaneous
Topic: Computers of the future?
Replies: 5
Views: 730

Re: Computers of the future?

TBH it seems like a solution in search of a problem. I love the single board computers and have them all over the place. Generally run them headless and ssh into them. I am not sure how this computer represents an upgrade from whats out there. The Pi 3 is about as fast and has a robust community of ...
by steelerfan
Mon Nov 27, 2017 11:01 pm
Forum: ERE Journals
Topic: Fox's Journey: And Onto the Sunlight!
Replies: 469
Views: 66894

Re: Fox's Journey: Out of the Burrow

When I graduated long ago, I had a bachelors in psychology and businesss minor from a generic mid-west state college. My plan was to get a job in HR as an industrial psychologist. Like a lot of new grads, I thought good paying jobs would be plentiful. My first interview was with a lawn service outfi...
by steelerfan
Fri Sep 01, 2017 12:37 am
Forum: Lifestyle Questions
Topic: I'm starting to hate my 9-5?
Replies: 47
Views: 4591

Re: I'm starting to hate my 9-5?

Ah, the double edged sword of discovering ERE when you are young. You have endless possibilities to achieve anything you desire but the knowledge you have tortures you when you are starting out with seemingly an endless cascade of days in front of you. I envy you and don’t envy you. I was in no way ...
by steelerfan
Sat Aug 05, 2017 3:31 pm
Forum: Friends & Family Questions
Topic: Social Security- not what you are thinking
Replies: 27
Views: 3808

Re: Social Security- not what you are thinking

@7W5 A couple of observations from an introvert (like Riggerjack): In the 4 years you have been here, I have seen this cycle play out a couple times. Highs and Lows. You are now at a low. In a month or two you will likely be back on the upswing - so hang tight. There is a fair amount of chaos in you...