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Author Archives: Renée

i wrote about my adventure with Lending Loop a year orso ago, I know many folks have had positive experiences with them but I’ve chosen this week to stop investing in any loans and withdraw funds as they become available, it will take some time  to get all my principal back… assuming the majority of borrowers repay as planned.

So, why am I withdrawing?

I’m not super happy with the process and how companies appear to be vetted. You can read about Lending Loops vetting process here, and it all sounds decent enough, better than what I could do anyway.  For the first handful of loans I did them manually, I had a go at researching the company and decided which amount to put where. After that I chose to go with auto-lend, where an amount you set is automatically invested.

Currently my profits look like this;

You can also see my gross yield here;

Which looks pretty good, for the about $4,200-ish I have had invested. BUT that 11.5% gross yield is BEFORE the Lending Loop fees, which are 1.5%, and also before any defaulted loans… which is my sore point here.

5 out of these 6 loans were invested on auto-lend. $265.75 is currently delinquent/in default, the majority I don’t have high hopes for and expect a write-off based on the notes. That certainly reduces my $425.17 life time earnings… down to $159.42 between November 2016 and January 2019…. Now I did write previously that I expected some defaults, but ouch, that’s more than I had hoped for!

In comparison if I deposited $4,200 in a high interest savings account, and moved it along to wherever the highest rates were, averaging about 2.75%, I would have earned $265 in the same time frame and would continue to until I withdrew. 

Now I started depositing funds to Lending Loop in November 2016 with my first $200, and gradually kept adding until my last deposit at the start of 2018 so I did not have $4,000 invested during that entire time, which makes the math a little bit hard to do to compare with straight-up savings instead.  I am ALSO not able to forecast what portion of the $3,900 I still have invested will default and what my earnings will be on that over the coming years of repayment, my last loan will not mature until 2023-11-07. However, I do know there will be SOME defaults and I also know that it’s hard to try to beat any market. 😉

My summary? Lending-loop was a fun adventure, I haven’t actually lost any money overall yet. Will I continue to invest? No. Would I recommend it? Meh, it depends! Are you up for an adventure?

My personal preference is probably the more boring high interest savings or occasional splurge on an ETF. 😳

On December 21st, the day me and Bob returned from our around the world trip we decided to adopt a vegetarian/vegan diet, or, rather in the time leading up to our return date we gradually grew more familiar with the idea and chose our return date to start as it would be convenient to do with the fridge empty and most animal products used up before we left on our trip!

The reason for the whole idea is that while in Thailand we spent three weeks eating very little meat as we were living out of backpacks and going from hotel to hotel, and no dairy as it is CRAZY expensive over there… We were already expecting this as we spent some time in Thailand in 2017 as well but it surprised both of us – and we didn’t realize until close to the end of our time in Thailand – that we hadn’t had any “gut-issues” for the entire time we were there… We ate a ton of stuff, home made pancakes, way too many coconuts, smoothies, fifteen billion pineapples, bananas, crackers, cookies (cheapest thing at 7/11…. ya gotta do whatcha gotta do), jackfruit, more coconuts, rice and vegetables, vegetables and rice, nuts, veggie soups, noodles etc. We consumed almost no dairy, almost no meat products and exactly zero cheese until about our last day when I couldn’t take it anymore and NEEDED to buy some.  🙄

Bob has had some issues with bloating, gas, feeling uncomfortable and so have i. It surprised us that we felt so different, and it was just so OBVIOUS (in a non-scientific way) that we decided to try going veg when we came home. The decision was cemented by research on cholesterol, heart issues, (for him) and reading and learning more about the ugly side of the animal industry. (for me)

It’s been kind of a long time coming for me. I’ve never been a huge meat eater, it started around the time that I moved out at age 19, grocery shopping for meat is.. bleh, it’s expensive! And sort of continued from there. It’s never hugely appealed to me, I’d love a nice steak once every half year… or a salmon bagel every few months and at home we would mostly eat chicken or turkey once or twice a week tops. Over the years I gradually ate less and less beef and pork, while still indulging in copious amounts of bacon… I still love bacon, it’s so delicious! What is not delicious however is the industry behind it or the cholesterol deposits in my galbladder causing gallstones.

As of today, we are vegetarian-almost-vegan, we have not consumed or purchased meat or any animal products and byproducts since December 21… Actually since the morning of December 20th as Dec 21st was spent flying and eating fruit. Heh! We still have some cheese around the house, which is probably my biggest downfall… I LOVE cheese, I am Dutch, i grew up on that delicious salty creamy goodness!

Bob is having a pretty easy time of it, the only “problem” being that we are needing to learn how to cook new things, use spices, new recipes… and being HUNGRY and eating A LOT of vegetables. I’m a volume eater so I don’t exactly mind that. 😳

Anywho, is this a recipe blog? Who cares! One of our first forrays into more homecooked stuff without animal products were the above crackers, with a few modifications. They were great!

Original recipe can be found here

 THE SESAME CRACKERS

  • 3/4 cups whole-wheat flour, 1/2 cup white flour
  • 2 tbsp ground flax
  • salt & pepper to taste
  • 1/2 tsp baking powder for fluff
  • ½ cup toasted sesame seeds
  • 5 tablespoons extra virgin olive oil or sesame oil – cut into flour like butter
  • 4 to 5 tablespoons water, as needed

Roll it out, pizza slice into squares, triangles… whatever you fancy and bake 15 – 20 at 350 (if your cast iron pan is hot, about 15 is spot on).

Please share with me your vegan recipes! I need more food.