Peer to Peer Lending with Prosper
29.0 A Conversation With..., We Like The Cats + The Week Ahead...
Back to Basics: Prosper Marketplace 💰
A Conversation with…Part 2 w/ Matthew Tuttle
Investing News Worth Reading 📰
Overheard in the “SPACEs” 🐱
Together with Stacksearch
Peer to Peer Lending 💰 Prosper
Looking to become a personal lender, diversify your portfolio, and earn yield? Look no further than Prosper, the first peer-to-peer lending marketplace in the USA. Founded in 2005 and backed by leading venture capital investors such as Sequoia Capital, the company has facilitated over $19 billion in loans to more than 1 million people.
Through the Prosper marketplace, people can invest early in each other in a way that is both financially and socially rewarding. Borrowers apply online for fixed-rate, fixed-term loans between $2,000 and $40,000. Individuals become lenders by investing in specific and/or groups of loans of their choice.
As an investor over the past four years, we’ve enjoyed the seamless experience Prosper provides. The ability to invest in others while earning a return can be an attractive addition to an overall diversified portfolio. Take a look today to see if returns of 5%+ fit into your future.
A conversation with (continued)
Matthew Tuttle, CEO of Tuttle Capital Management
A conversation with…is our interview series with financial professionals and thought leaders. This month, we are pleased to share our conversation with Matthew Tuttle of Tuttle Management. Read part 1. Here is part 2.
You recently said “I believe thematic ETFs need to be more agile.” Can you expand on this point so we understand what they can do and how they can be more agile?
Most thematic ETFs invest in one specific area and then rebalance infrequently. Themes can and do cycle in and out of favor. Some will even cycle out of existence. We believe that investors need to be able to cycle in and out of themes and weight them accordingly. We also believe in rebalancing weekly to stay in harmony with what is going on.
investrly community question: We started investing early in stocks but do you invest in cryptocurrencies and what is your take on them?
I have no problem with crypto being a part of your portfolio, albeit a small part 1-5%. This is with the understanding that it could go to zero. Like anything we like to either invest in an uptrend, or buy the dip in an uptrend.
What’s the biggest difference in the investing environment in the 21st century compared to the 20th century?
There are so many, but the shift from active investments to passive has probably had the most impact in terms of changing market dynamics. That being said, the rise of the retail investor, if this is not a temporary phenomenon (which I don’t think it is), could rival this in terms of importance.
Finish the sentence…investing early means ________________
Getting in to something once it starts to go up.
Who invested early in you to get you where you are today?
I have never really had a “mentor,” but there have been some influential people that I have met in the investment industry. I had a professor in business school, Jeff Heisler, who showed me why modern portfolio theory was really only a theory and not something that works in real life. I also had the opportunity to learn a lot from Murray Ruggiero, who unfortunately passed away recently. I think this has actually helped me avoid getting pigeonholed into one investment methodology and have the ability to keep an open mind and understand that there is no one right answer.
Finally, what is one thing you did to invest early in yourself?
I think having an entrepreneurial mindset is so important in allowing you to take a chance on yourself.
Our takeaway: Hearing from a CEO with decades of experience break down his investing approaches with the concept of being open-minded to different philosophies is important and a great reminder for you during your personal investment journey. We appreciate Matthew for sharing his time and views with our community and look forward to speaking with him during a live Twitter Spaces at the end of the month.
🟠 Dolce and Gabbana are launching an exclusive NFT collection with Gucci rumored to be next.
🟣 Chick-Fil-A ranks 1st in fast food chain rankings for the 7th consecutive year. And in dead last…McDonalds
🟠 New York Giants running back Saquon Barkley announces he will convert all endorsement deal money into Bitcoin to create “generational wealth”.
🟣 11 great books helping you become a smarter and stronger version of yourself while getting ahead in Business according to Inc.com’s, Christina DesMarais.
Together with Stacksearch…
For readers, Stacksearch is a great way to find newsletters. For writers, Stacksearch allows you to measure your progress with Stacksearch Pro.
Investrly has partnered with Stacksearch to make it easier for you to grow your newsletter and understand your readers better. Click here and use coupon code INVESTRLY for 25% off your first month of Stacksearch Pro.
The Week Ahead
Will the CoolCats NFT project rise to the level of Cryptopunks and Bored Apes?
Space Race heats up: Richard Branson successfully makes trip…Jeff Bezos next!
2020 Olympics countdown: 4 days
Expand Your investrly Opportunities
Follow investrly on Social Media
Looking to partner with, share an idea, and want to support investrly? Reach us at weinvestrly@gmail.com.
investrly is written by Michael Rippe, edited by Danny Bopp and has elements from Peak Creative Design. Refer a friend by hitting the share button.