Category Archives: Investments

A Review of My Actual Prosper Account

I have mentioned in the past that I really like P2P Lending, or Person to Person Lending.  I had previously talked about Prosper, when they brought back lending to New York, and most recently as an alternative source for liquid cash, but I have never given details about my account. Until Today. I always thoughtContinue Reading

How do the Morningstar Star Ratings Work? Are Morningstar Ratings Accurate?

I have discussed how I use the Free Morningstar Instant X-Ray tool, but Morningstar is more known for its mutual fund rating system.  Who hasn’t heard the terms, “5 Star Fund, 4 Star Fund, etc.” but what does that actually mean? How does Morningstar calculate the Star Rating System? Russel Kinnel, Morningstar’s Director of MutualContinue Reading

WSJ Teaches YOU how to Become A Billionaire; Hint: Ignore All “Normal” Advice

Gregory Zuckerman wrote an Article in the WSJ titled, “Greatest Trade: How Can you Make $20 Billion” which provides 8 easy steps to become a Billionaire.  Where did these steps come? Mr. Zuckerman follows two years of John Paulson’s work. The article is entertaining, but I’d love to read an autobiography if ever produces itContinue Reading

My Journey to Millions Reallocates his 401(k) After Analyzing his Portfolio

Last week I reviewed Morningstar’s Free X-Ray Tool using my own 401(k).  I believe that most people should leave their retirement accounts alone, both in terms of invading it and asset allocation within the account.  I personally take a very balanced, hands off approach to my 401(k), choosing to look at my 401(k), as IContinue Reading

Using Morningstar’s FREE Instant X-Ray Tool to Evaluate your Portfolio

Despite having my Series 6 and 63, I am not an investment expert, by any means, nor do I pretend to be.  Luckily, there are free tools out there for people like me to allow me (and maybe you lol) to analyze your portfolio and investments. I personally use Morningstar X-Ray Tool What is Morningstar?Continue Reading

Sweet Prosper is Back!

Being that I am in debt elimination mode I haven’t talked about my investments that much.  But on February 15, 2007, I was intrigued by the idea of Prosper and have since built a very very small portfolio. As the P2P Lending market grew so did the competition and Prosper and LendingClub both went intoContinue Reading