January 2019 has been the best month so far for my new P2P Lending Portfolio! £966.43 in monthly income. That doesn’t include cashback bonus
QUESTION 1 – “Why do you prefer to work with USD and not GBP or even EUR? Is it because of the Bonds, Stocks and Reits you choose?”
ANSWER – There are a few reasons:
1. The first is that I lived in the USA for many years so most of my assets are in US Dollars as that’s how I was paid. I haven’t seen any reason to change that as of yet.
Towards the end of the last post on Wolfe Waves back in December, we identified a weekly bullish Wolfe Wave in the TLT (Long Term US Treasury Bond ETF). The wave completed just last week, then interestingly enough, turned back down. If you would have gone by the WW rules and got out at the target line, that would have been around a 10 point profit.
December was an interesting month. I decided to exit Zopa and distribute the capital to other lenders. You can read in more detail why I decided to do this further down in the Zopa section of the update. I also added some more information to the table and charts section giving more information on income and XIRR calculations, as well as adding income graphs for each lender.
Wolfe Waves Many years ago when I was still finding my feet with investments and looking to “get rich quick”, I took an interesting trading course by a gentleman called Bill Wolfe on an investment strategy called “Wolfe Waves” (named after himself obviously). It is similar to the Elliott Wave Theory, however much easier
