tag:blogger.com,1999:blog-316583760554792907.post4252303443665733440..comments2023-06-18T06:03:54.348-07:00Comments on Racing Towards Retirement: Update on My Lending Club PortfoliosRAnnhttp://www.blogger.com/profile/04102249990885174107noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-316583760554792907.post-52946772676378734482017-05-30T21:49:07.588-07:002017-05-30T21:49:07.588-07:00The tax reporting isn't that bad; you get form...The tax reporting isn't that bad; you get forms every year on the account as a whole rather than each individual note (though they are listed). The advantage of this over mutual funds is that it is a different asset class, so that if stocks are doing poorly, this may still do well. It is an income investment and it thows off money regularly that can be reinvested in something else or spent. RAnnhttps://www.blogger.com/profile/04102249990885174107noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-60959488959581974002017-05-30T19:24:48.625-07:002017-05-30T19:24:48.625-07:00Opps---sorry. Just went back and reread the post f...Opps---sorry. Just went back and reread the post from a bit ago addressing most of my questions. Janettehttps://www.blogger.com/profile/10054888725603183006noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-43539199759639617082017-05-30T19:22:38.055-07:002017-05-30T19:22:38.055-07:00Wow! This seems so complicated. Is it done within ...Wow! This seems so complicated. Is it done within your IRA or do you have to do taxes on each drip? Could you give a summary? Add up all of your principles and then your totals and give a figure for the difference? I cannot, quite, figure it out from above. Not interested in $$ totals as much as yearly interest overall. What do you see as the advantage of this program over regular mutual fund investing? Janettehttps://www.blogger.com/profile/10054888725603183006noreply@blogger.com