Creating A Family Philanthropy Fund

How can we teach our kids about wealth, investing, and philanthropy in an understandable and engaging way? This is a different question than what my wife and I have asked ourselves in the past. We have worked hard to teach our kids about the value of money, saving, and avoiding consumerism. Our family also participates in charitable activities in our community, mostly focused on food security for both adults and children.  Our kids are teenagers now and old enough to engage in more technical discussions about money. I want to share with you a small philanthropy project we started with our kids and challenge you to do similar. Continue reading “Creating A Family Philanthropy Fund”

The Stock Market Is High, Don’t Get Spooked!

Dow 23,000+

It’s Halloween and the Dow is at a breathtaking 23,377 roughly 100 points off of the all-time high reached earlier this month. Yes, I’m a little spooked at these heights and so are some of my friends I’ve been talking to recently. None of us participating these conversations are stock brokers or financial advisers; just motley fools that can’t believe our good fortune and trying not to screw it up. We’ve read FIRE blogs, watched CNBC, and heard the low cost index and diversify advice so many times prior; but we still get acrophobia. And why wouldn’t we? My crew is filled with cynical forty-something Gen Xers who experienced the euphoria of dot com fever in our 20’s , purchased homes with little or no skin in the game in our 30’s, and watch it crash and burn. . . twice. We don’t need investment advice; we need group therapy. Continue reading “The Stock Market Is High, Don’t Get Spooked!”

My First Investment at PeerStreet

This is the third post in a series about my PeerStreet account.

In the previous post I showed you what the process looks like to fund an individual account at PeerStreet, so now it’s time to get busy investing the $10,000 I deposited. Investors can pick individual property loans to invest in or use PeerStreet’s automated investing tool. Here’s what each of those look like. Continue reading “My First Investment at PeerStreet”

I Funded My PeerStreet Account

This is the second post in a series on my PeerStreet investment account

Progress to First Investment

The first post in this series shared my experience setting up an individual investor account at PeerStreet. In this post I will show you what’s involved with funding the account. It took several days to get my account funded, but not because PeerStreet is slow. My local bank was the slow link in the chain, which I’ll explain below. Continue reading “I Funded My PeerStreet Account”

I Opened A PeerStreet Account

This is the first post in a series on my PeerStreet investment account

What is PeerStreet?

The day after I setup my account I received an email and a phone call from Ethan at PeerStreet. He asked me if I had any questions. I said, “yes, how do I explain to my wife what I’m about to invest in?” The fact that I asked this question should be a red flag, because it’s a good indicator I haven’t done enough research yet. As a general rule I don’t invest in things that I can’t explain to Mrs. R., but I got around it this time by telling her I’m only going to start with $10,000 and see how it goes. Continue reading “I Opened A PeerStreet Account”