Wednesday, March 21, 2012

Technology ETF XLK

Went long a very small speculative position in XLK around $30. Very tight stops just under last support around $29.75. I like this because of apples new dividend announcement. Fund limited to dividend only stocks will now be scooping this up hand over fist. AAPL is 19% of XLK, followed closely by MSFT and IBM around 7%. Set and forget time. Risking only 2% of capital

Monday, March 19, 2012

LendingClub.com Alternate Investments

I recently got involved with peer-to-peer lending back in January through LendingClub.com, and my experience has been phenomenal.  I invested a meager $500 just to play around with and because honestly I thought I would loose all or most of it.  I lent to 10 different notes ranging from $20-$155, mostly choosing people with a B or better score trying to minimize credit card debt.  I do have 2 E and F rated loans. 

As of 3/19/12 I have received over $30 in interest and principal payments, with a net annualized return of 10.94%.  The only downside was one note going through bankruptcy which is 120days overdue now. I blame this on myself for not taking more time looking into the borrower.  All of the rest have been on time and perfect.

For anyone looking to get into some unusual alternative investments and willing to help another out of some nasty credit card debt or school loans, I recommend LendingClub.com.  I suggest to do what I did and start with a very small amount of capital and expand.  I'm now in the process of reinvesting my interest and couldn't be happier.  Please do your own DD, and I hope my first person experience with LendingClub's services will help. 

Tuesday, March 13, 2012

The chart I love SPY LT

This has surprisingly good accuracy for long term. Pair it with MACD.  Good place to get bullish or bearish bias for smaller time frames.  Awesome day for the S&P 500 closing at 1395.96!

Monday, March 12, 2012

SPY, MSFT, BLK


Got stopped out on Blackrock over the week, pretty bummed as I still think it has room to run with my bullish bias on the S&P.
 Same for Microsoft.  Lesson learned too aggressive on the stops. I'm looking to reenter MSFT at a break of $32.  Looks like it is due for a breather, maybe even down to the $28 Jan breakout.
S&P broke resistance but still had a mediocre week. It is respecting the $135 support.  I'm still very much bullish. Weekly Chart