Rentier

The Second Million

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Journey To Become A Multi-Millionaire My wealth has grown exponentially after reaching my first million in 2018. It only took me 3 years to double it. I allocated over 50% of my portfolio to a single asset class. Concentration has great impact upon investment returns. The profit earned on short-term trades in the stock market […]
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YieldStreet Short Term Small Business Financing I Repaid

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Short Term Small Business Financing I Paid Off My 3rd YieldStreet investment has paid in full. It’s 1288 days from the time of capital commitment to the repayment of principal and accrued interest. The investment has generated 12.74% IRR. Key Events Funding On April 12, 2018, YieldStreet announced that Short Term Small Business Financing I […]
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LexShares Case #656 Resolved

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Summary My 14th investment into commercial litigation crowdfunding has reached finality. It has been 770 days from the time of an ACH transfer to the distribution. The investment has generated a 1.70x MOIC and a 28.45% IRR. Key Events Date Cashflows Description Feb 14, 2019 New Investment Opportunity – $1.50M Feb 14, 2019 Capital Commitment […]
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LexShares Case #1098 Resolved

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Summary My 16th investment into commercial litigation crowdfunding has reached finality. It has been 188 days from the time of an ACH transfer to the first distribution. The investment has generated a 1.69x MOIC and a 64.82% IRR. Key Events Date Cashflows Description Feb 19, 2020 New Investment Opportunity – $1.13M Feb 19, 2020 Capital […]
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LexShares Case #310 Resolved

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Summary My 8th investment into commercial litigation crowdfunding has reached finality. It has been 1,018 days from the time of an ACH transfer to the distribution. The investment has generated a 0.88x MOIC and a (4.41%) IRR. Key Events Date Cashflows Description Aug 29, 2017 New Investment Opportunity – $225K Aug 29, 2017 Capital Commitment […]
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LexShares Case #249 Resolved

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Summary My 3rd investment into commercial litigation crowdfunding has reached finality. It has been 1,079 days from the time of an ACH transfer to write-off. The investment has lost the entire principal. Key Events Date Cashflows Description Apr 13, 2017 New Investment Opportunity – $225K Apr 13, 2017 Capital Commitment – $50K Apr 18, 2017 […]
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LexShares Case #678 Resolved

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Summary My 12th investment into commercial litigation crowdfunding has reached finality. It has been 456 days from the time of a wire transfer to the distribution. The investment has generated a 1.76x MOIC and a 57.03% IRR. Key Events Date Cashflows Description Oct 30, 2018 New Investment Opportunity – $2.25M Oct 30, 2018 Capital Commitment […]
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Personal Goals For 2020

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New Year, Same You I set my goals every year at the end of November and do a year end review at new year. I usually keep them private, but this year I decided to share on my blog. All goals fall under one of the top 3 focus areas of life: money, health, and […]
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YieldStreet Diversified Pre-Settlement Portfolio XXV Repaid

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Diversified Pre-Settlement Portfolio XXV Paid Off My 1st YieldStreet investment has paid in full. It’s 639 days from the time of capital commitment to the repayment of principal and accrued interest. The investment has generated 13.14% IRR. Key Events Funding On December 24, 2018, YieldStreet announced that Diversified Pre-Settlement Portfolio XXV would launch Wednesday, December […]
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LexShares Case #285 Resolved

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Summary My 5th investment into commercial litigation crowdfunding has reached finality. It has been 682 days from the time of an ACH transfer to the distribution. The investment has generated a 2.57x MOIC and a 65.57% IRR. Key Events Date Cashflows Description Jun 8, 2017 New Investment Opportunity – $100K Jun 8, 2017 Capital Commitment […]
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LexShares Case #217 Resolved

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Summary My 1st investment into commercial litigation crowdfunding has reached finality. It has been 640 days from the time of an ACH transfer to the distribution. The investment has returned the principal with no profit. Key Events Date Cashflows Description Mar 3, 2017 New Investment Opportunity – $400K Mar 3, 2017 Capital Commitment – $10K […]
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Beyond The First Million

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Portfolio Strategy My asset allocation strategy remains constant. I am willing to take a substantial risk for aggressive growth. I go all-in with litigation finance investments. Concentration is the fastest way to build wealth. I will enter the world of hedge fund investing when my liquid assets reach $3 million. Asset Class Allocation I hold […]
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Tax Optimization Strategy

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The 2 Most Common Ways to Reduce Your Taxes Tax Deductions (<$250,000) Income Distribution (>$250,000) Tax Deductions Reducing your taxable income by deducting variety of personal & business expenses is one of the most common ways to lower your taxes when your gross income is under $250,000. It becomes less effective as your income increases […]
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Retirement Plan 2018

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Retirement Changes Under the New Tax Law We reassessed our target numbers based on the new tax bill, a new investment strategy, and current spending figure. The risk-free interest rate is the return investors are willing to accept for an investment with no risk. I assume the risk-free rate of return is 12%. Housing Expense Townhouse for […]
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LexShares Case #281 Resolved

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Summary My 7th investment into commercial litigation crowdfunding has reached finality. It has been 73 days from the time of a wire transfer to the distribution. The investment has generated a 1.79x MOIC and a 1740.72% IRR. Key Events Date Cashflows Description Jul 5, 2017 New Investment Opportunity – $750K Jul 5, 2017 Capital Commitment […]
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Credit Limit 101

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How to Build Credit History from Scratch Continue from previous post Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think you […]
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Balance Transfer 101

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Getting started with Credit Card Arbitrage Recently a reader Evan asked the following question in a blog comment: Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from […]
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iFunding EVIVA Midtown Follow On Repaid

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EVIVA Midtown Add-on Project Paid Off My 1st preferred equity investment on commercial real estate project has completed. It’s 366 days from the time of capital commitment to the repayment of principal and accrued interest. The investment has generated 19.45% IRR. Key Events Date Cashflows Description Aug 30, 2016 Capital Commitment Sep 6, 2016 ($100,000) […]
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Personal Capital Sucks

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Mint vs. Personal Capital Both Mint and Personal Capital are personal finance management services that allow you to sync and aggregate all of your financial accounts in one platform. Personal Capital is very popular among personal finance bloggers because of the terrific affiliate marketing program. Switched from Mint to Personal Capital I have tested Mint […]
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Get Rich By Investing in Litigation Financing

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Third-Party Litigation Finance I recently found a crowd-sourced litigation funding platform called LexShares. This platform gives individual accredited investors the opportunity to invest in a wide variety of pre-settlement business disputes, such as contracts, fraud, international arbitration, intellectual property, whistleblower, and portfolio financing. Pre-settlement funding is different from post-settlement loans. Investors of pre-settlement funding can […]
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Discover Price Protection

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Credit Card Price Protection Discover will refund the difference up to $500 on eligible items if you find a lower price at any store within 90 days of purchase. It applies to eligible items at any store so long as you used your Discover card for the entire purchase. There is a reimbursement limit of […]
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iFunding ProudLiving Terminated

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ProudLiving Project Has Been Terminated My 2nd preferred equity investment on commercial real estate project has been terminated. It’s 36 days from the time of capital commitment to the return of subscription. The estimated opportunity loss was $3,330. Funding In September 2016, iFunding announced a $1.4 million, 2-year preferred equity investment in an apartment portfolio […]
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Cross Account Balance Transfers

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Cross-Account Transfers Banks do not allow electronic funds transfers between different account owners even among family members unless the person is a joint account holder. However, they rarely verify the account owner of the target account. Most of the time, cross-account ACH works without any problems except in the rare case that they take additional due […]
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Bank of America Closed All Credit Card Accounts

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Mass Closure of Credit Card Accounts Today I received letters from Bank of America stating that they are closing my credit cards. As a result of a recent review, we’ve closed your above referenced account because there are too many accounts with balances and you currently owe sufficient amounts on your revolving lines of credit. […]
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How to Liquidate and Close a LendingClub IRA Account

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Backstory I made a prior-year contribution to my traditional IRA in January, thinking that contribution would be tax deductible. Unfortunately that was not the case. An issue came up as the non-deductible IRA contribution was already fully invested in my LendingClub IRA account. I ended up having to liquidate notes to execute a backdoor Roth […]
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Retirement Plan 2016

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Backstory Today is my birthday. I am a few years away from 40. Recently I am experiencing high levels of stress at work. It has been taking a toll on my physical and emotional health. This might be a great time to get my retirement finances in order. Early retirement became an obsession, and I […]
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