By Jeff Rose, In late 2012 I made my contribution to my Solo 401(k).
As a business owner there is nothing sweeter than getting a nice big fat tax deduction.
After I deposited it into my account it sat there in cash for a considerable amount of time.
It sat there WAY too long….
The funny thing about being a financial advisor is that I spend 99.9% of the time managing my client’s money and about .01% of the time managing my own money.
Oh the irony….
As I sat there watching my cash grow at a snail’s pace the market continued to soar, and soar, and soar and soar.
Basically to the point where I felt that it hit a high. In hindsight it turns out 14,000 wasn’t even close.
To avoid buying at the high I thought, “You know what, I’m going to give peer to peer lending a real shot.”
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