Continuing with the growth, made $88 today...not bad at all
@orangeshasta So I'm figuring ~100 a day with 7k invested
So to get 300 daily you'd need about 21k invested
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the reason im most tempted to 'invest' is because of compounding interest. since my plan is to reinvest the daily interest payments for the first 180 days, assuming an average of 0.84% interest + the free 0.2% yeilds 1.04% daily average.
use this compound interest calculator for proof of what your balance could be at the end of 180 days (use whatever percentage you want i used 1.04% and just put 180 years [to us its days tho})
at the end of 180 days there will be at least $27,000 invested after I get the capital back. at which time I will cash out the interest payments every day and reinvest the returned principal and ride it till the wheels fall off.
i assume it will be stable for at least 6 more months, but thats my risk limit, ymmv
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Hold on just so you know, each loan is treated as an individual loan. That's why I'm going yo wait on reinvesting until I accumulate at least $1010. That way I get the added 0.10 daily %
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you are correct, I redid my spreadsheet and excluded the extra 0.2% interest payment on reinvestments. with the same assumptions and investment plan i mentioned earlier, daily interest payments after taking the principal back would still be about $180 a day in interest payments or $66k a year.... not too shabby imho
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Definitely not bad at all as side income
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