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Plugged in Finance provides my commentary while working towards a retirement in 2025 with at least $125k/year in passive income.



Updated: 2017-10-21T16:54:30.215-04:00

 



Screen Shot Reflecting Performance of my LendingClub Peer-2-Peer Lending Account and General Attributes to Lending Success

2013-02-03T15:21:00.481-05:00

I have been lending at this site since late 2008.  My year-over-year statistics include:   Balance Jan 1st Balance Dec 31st Account APY Notes Sold 2009 $125.72 $1,516.71 7.70% 4 2010 $1,516.71 $2,729.71 9.49% 16 2011 $2,729.71 $5,964.22 10.98% 41 2012 $5,964.22 $9,044.87 11.45% 172 You may wonder why there is a large difference between what LendingClub advertises as "Net Annualized Return" and my self calculated account APY.  I believe the principal reason for difference between these two is that LendingClub's calculations do not factor in FolioFn fees and loan losses incurred when selling loans at FolioFn.I attribute my success at LendingClub to:1.  Multiple years of lending at Prosper before opening my LendingClub account.  I lent about $5500 over several preceding years at Prosper and had a net loss of $50.  Over my time at Prosper, I learned a few lessons about risk-return.  I no longer use Prosper.2.  Over 90% of loans originated are to borrowers whose projected revolving debt balance (after loan) is no more than three times their income.  This requires one to trust the marketed loan purpose at face value... (e.g. debt consolidation loans end up being used 100% for debt consolidation).3.  Most of my loans are to borrowers reporting over $3000 per month for income.  I feel that the these borrowers have a greater latitude for paying basic living expenses and then having room in their budget for debt payback.4.  I have ALWAYS sold non-performing notes.  Over 90% of the time, I sold notes that were no more than 15 days late in payment.  Most of the time between 2009 and Nov 2012, I sold notes in the hours between the time I discovered their monthly payment was was late and the time at which the note changed to an "in grace period" status. 5.  In November 2012, I noticed that the FolioFn trading platform was performing poorly and not displaying notes very well when users attempt to sort notes by Yield to Maturity.  Because of this, a number of my notes "in grace period" did not sell very well.  While I experienced some short term disgust with the FolioFn platform, it did prompt me to start selling notes well prior to them entering "in grace period" status.  Now, a majority of the notes I sell are those notes that have had a greater than a 35 point credit score drop since the loan was originated.  I typically sell these notes for around 0.99 to 0.995 cents on the dollar and eat the additional 1% FolioFn fee.  I would rather sell loans prior to a delinquency than have them age to an "in grace period" status and have to deal with the inadequacies of the FolioFn note trading platform.  If FolioFn is acting up (as it has in the past), it could cause notes that would normally sell to age and result in delinquency statuses of 17+ or 31+ days.  Notes that age to delinquency statuses of 17+ and 31+ days have required me to discount them 25-75% in order to get them sold.Blogging my way towards a retirement in 2025 with a passive income of at least $125k per year.[...]



Is My Retirement Goal Attainable? Under Current Assumptions, We Fall Short Unless We Invest More in LendingClub Peer-to-Peer Notes.

2013-01-21T15:35:39.912-05:00

The banner on my website clearly states a goal of mine to retire in 2025 with passive income in the amount of $125k per year.  Since 2004, this goal has shifted from retiring at 47 years of age to 51 years old.  I made this shift on my banner around 2010.  My earlier aggressive goal was likely based on a confidence in the real estate market in 2004.  That confidence in real estate remains, but now to a smaller extent.To retire at 51 years of age, I assume that I serve 29 yrs in the military and retire as an O6.  This is a big assumption in that this would require a promotion from O5 and my wife to tolerate another 12 and a half years of my service.  I believe the is not that much of a stretch since we are getting to the point where she will homestead and most of my follow on assignments are likely possible in the DC beltway (where wife wants to homestead until I retire).Assuming I make it to 29 yrs of service and retire as an O6, I should net $64,109 per year after taxes and survivor benefit premium payments.The wife is civil service and if she homesteads after our next assignment and stays in her current line of work, we're looking at an additional $7,023 per year for her pension after taxes and survivor benefit premium.We have three investment properties now, two of which are paid off and another one that will be paid off within the next 20 months.  In 20 months, these properties will be bringing in a net of $15,463 a year after taxes, insurance, maintenance and management fees.Totaling these three items gives us a net of $86,595$64,109     29 yr military pension $7,023      17 yr civil service pension$15,463     Investment Property Income$86,595     Projected Net Income in RetirementNow, this leaves a passive income shortfall of $38,405.A retirement at 51 yrs of age does not permit including distributions from 401Ks and IRAs.  We do not save a lot into these investment vehicles because we have been focusing on paying off real estate and generating free cash flow.  At the age of 51, we should have about $290k or more in these retirement investment vehicles assuming a conservative 4% annual return rate.  Now, what other assumptions are we making and where do we think we'll end up in meeting our goal of $125k in passive income?We are saving $600/month in our dividend reinvestment plans.  Assuming a 8.4% annual return, we are projected to accrue $233,387.  Assuming our current portfolio dividend rate of 2.6% remains the same, this would bring in about $5,158 per year after taxes.We are also projected to invest $4k this year and $2k in each subsequent year in LendingClub peer-2-peer notes.  Over the past four years, we have netted a 45.85% return before taxes at LendingClub.  In our first year, we netted 7.7%.  In 2012, we netted 10.98%.  Assuming an optimistic 12% annual return, we should end up with about $103,637 in this account.  In 2025, this should give us about $8,208 per year after taxes.Between our dividend reinvestment plans and LendingClub, our projected net income in retirement grows to:$86,595     Income from Pensions and Investment Property $5,158      Dividend Reinvestment Plan Income $8,208      LendingClub Note Income$99,961     Projected Net Income from Pensions, Investment Property, DRIPs and LendingClubThis leaves a shortfall of $25,039 per year.  We project that we'll have the ability to accrue an additional $529,227 in savings by May 2025.  Assuming we spend $400k on a condo in Northern Virginia and later convert it to an investment property, this should net us about $12k per year in income after management, home ownership association fees and taxes.$99,961     Projected Net Income from Pensions, Existing Rental Property, DRIPs and LendingClub$12,000     Income from additional investment property$111,961  This leaves about $129,227 left over in acc[...]



Lending Club Peer to Peer Lending Account Performance

2012-10-25T21:54:31.182-04:00

I have been on Lending Club since Dec 2008.

Since 2008, I have had the following net account performance (after loan sales and transaction fees):

2009:  7.7% return.  One month with a losing record.
2010:  9.5% return.  Zero months with a loss.
2011:  11.0% return.  Zero months with a loss.
2012 thru 30 Sep:  9.6% return.  Zero months with a loss.

I personally believe that I have not lost money in Lending Club because I do not hold loans until default.  Instead, I sell the loans at a discount in the first two weeks of loan delinquencies.



What is My Military Pension Worth? Posting Also Useful to Potential Civil Service Pensioners or Others Trying to Monetize Passive Income Stream(s)

2012-02-20T11:06:00.098-05:00

Many of you may want to know what your civil service or military pension is worth today. Some may even want to try and monetize other passive income streams. Determining the value of a pension or other income stream is either a two step or one step process. It's one step if you're in (or near) day one of retirement or just established a passive income stream. It's a two step problem if you still have a number of years to work.

Well, I want to know what my military pension would be worth today if I enjoyed a successful career and retired as a Captain / Colonel after 30 yrs of military service. This situation would give me $7763 / month which would be 75% of my base pay (ref: 2012 pay table, O-6 over 26yrs).

Here’s two methods to determine the value of my pension (Method #1 using a basic calculator, Method #2 using a finance calculator).

Assuming a personal discount rate / IRR of 0.3% per month (equal to 3.66% APY) and a life expectancy of 30 years (360 months) past my retirement date.

1. Using a simple calculator with an exponential “^” function (minimum requirement)

(a) First find the present value of an "immediate annuity." Using the formula

PV immediate annuity = [ 1 – (1 + R)^-n] (P/R)
R = interest rate in decimal form
P = payment
N = number of periods

Filling in numbers you get:

PV immediate annuity = [ 1 – (1 + 0.003)^-360] (7763/0.003)
PV immediate annuity = [ 1 – 0.3401] (2,587,667)
PV immediate annuity = $1,707,601

This is the present value of the stream of pension payments the day I retire. This equation alone may suffice if you're at retirement or very close to retirement age.

However, I have 14 more years to work till retirement. To get the Present Value today, you have to discount the value determined above ($1,707,601) over the time I have left till retirement (14 yrs or N = 168 periods).

Present Value With Zero Payments Formula:

PV = FV (1+R)^-N
PV = $1,707,601 * (1+.003)^-168
PV = $1,707,601 * 0.6046
PV = $1,032,356

$1,032,356 is what my retirement is worth to me today assuming a discount rate of 0.3% per month or 3.66% APY.

2. Using a financial calculator like a Texas Instruments BAII, you get a two step problem.

Step 1:

a) Assuming a 3.66% discount rate (~ 0.3%/month)
b) Assuming 30yr life expectancy once I hit retirement

N = 360 months
I/Y = 0.3%/month
PV = $0
PMT = $7763/month
FV = ?

Plugging into a financial calculator, you get a future value of $5,019,873. Now working backwards in step 2:

N= 528 (360 months for length of retirement + 168 months left till I retire)
I/Y = 0.3%/month
PV = ?
PMT = $0/month
FV = $5,019,873

Solving for PV you get $1,032,286

The difference between the financial calculator method and the basic calculator method is simply due to round-off error. The biggest determinant in figuring the present value of any stream of income is what interest rate you use for your "discount rate." Your present value (PV) will be smaller if you use a discount rate higher than 3.66% APY or 0.3% per month. I figured that 0.3% per month is reasonable and close to what one can get on medium to long term bonds.

Keywords / phrases: how much is an annuity worth



My Net Annual Return on Lending Club Account Up from 9.5% in 2010 to 11.0% in 2011

2012-02-19T16:04:24.932-05:00

I have been originating (peer-2-peer) loans at Lending Club since Dec 2008. Since starting, I have issued 371 loans, of which:

56 loans fully paid off
0 loans late, default or charged off

In 2009, I made a net 7.7% return on my investment (after fees and note sales). During 2009, I only had one losing month where I had a monthly annualized return of negative 5.24%.

In 2010, I made a net 9.5%. My worst month had a monthly annualized return of 0.89%.

In 2011, I made a net 11.0%. My worst month had a monthly annualized return of
7.54%.

Lending Club says my account has a net annualized return of 13.87% and total interest earned of $905.74. Each of these are way off my actual return. My net earnings are actually some $200.65 less than what Lending Club advertises. The problem with Lending Club is that it doesn't fully factor in all fees and losses incurred in the sale of notes.

Overall, with exception to Lending Club not having "net earnings" and "net annual yield" displayed on its account dashboard, I am satisfied with Lending Club.

I attribute my greater success in 2011 to increasing my risk tolerance in notes that i'm willing to fund. Since 2009, I have been aggressive to sell notes before they hit 16 days late. By doing this, I book small monthly losses on some notes vice periodic large losses on defaults. Additionally, it is best to do small loans of
$25 since more people have funds available and are willing to risk buying small late loans. I will continue to execute this strategy and pursue lending club notes above 14%.

My note filter is:
Interest rate: Excludes A and B rated notes
Term: 36 and 60 month
Funding progress: 10% or more
Max loan amount: $25k
Exclude loans invested in: Yes
Max debt-to-income: 20%
Months since last delinquency: 12 months or more
Inquiries in the last 6 months: 3 max
Min length of employment: 1

In addition to this, I am reluctant to fund notes where the monthly income is less than 1/3 of total revolving credit balance. I exceed this sometimes when I believe that the individual is truly going to use the money for debt consolidation.



Spoiler: American Idol Top 24 Leaked (Audition Videos Included)

2012-02-17T22:56:10.575-05:00

Non traditional post for this site, but i'm a fan of American Idol. This is supposedly the top 24 for American Idol 2012. I rank them based on their google search popularity. I have to agree. Of the performances shown by American Idol, Reed Grimm appears to be the clear front runner.1. Reed Grimm2. Phillip Phillips (scroll to 0:25)3. Jessica Sanchez4. Colton Dixon (scroll to 0:50)5. Erika Van Pelt (scroll to 0:40)6. Heejun Han (scroll to 1:00)7. Shannon Magrane (scroll to 1:19)8. Skylar Laine (scroll to 1:10)9. Creighton Fraker (scroll to 39)10. Adam Brock (scroll to 50)11. Brielle Von Hugel12. Elise Testone13. Hallie Day (Ranked too low in my opinion; scroll to 2:22)14. Baylie Brown (scroll to 0:49)15. Jeremy Rosado16. Eben Franckewitz (scroll to 1:00)17. Hollie Cavanaugh18. Jen Hirsh19. Deandre Brackensick20. Chase Likens21. Joshua Ledet22. Chelsea Sorell (unrelated video of her singing)23. Aaron Sanders24. Haley JohnsenBlogging my way towards a retirement in 2025 with a passive income of at least $125k per year.[...]



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-12-01T23:19:05.729-05:00

Bonus bucks answers for 12/2

1. According to Ilian Mihov, a professor of Economics at the INSEAD business school, Italy will have to refinance what percentage of its total debt in 2012.

ANSWER: 20%


2. What major government official told a news conference on Thursday that the United Kingdom is preparing itself for a wide range of European financial crises?

ANSWER: Bank of England Governor Mervyn King


3. According to a new report, how many days delinquent is the average housing loan in foreclosure?

Answer: 631 days



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-11-29T23:14:18.780-05:00

Bonus bucks answers for 11/30

1. How many United States cities are included in CNBC.com’s The World’s Best Places to Live 2011?

ANSWER: None


2. UK mortgage approvals rose more than expected in October although the overall picture for lending remained depressed. Mortgage approvals in October were:

ANSWER: the highest since Dec 2009


3. Since September, how many billion dollars worth of Hong Kong listings have been shelved because of volatile markets, according to the story Hong Kong IPO Rush Is a Sign of Bearishness: Strategist

Answer: more than $ 4 billion



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-11-28T23:41:20.150-05:00

Bonus bucks answers for 11/29

1. Research conducted by financial services recruitment firm Astbury Marsden showed City workers were expecting what average bonus this year?

ANSWER: £19,920


2. Morgan Stanley has cut global growth forecasts for 2012 once again, nearly three and a half months after cutting them in august. What is the firm's new forecast?

ANSWER: 3.5%


3. Which of the following is NOT one of three things to watch in Europe this week, according to PIMCO’s Mohamed El-Erian?

Answer: Stock market performances



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-11-27T22:51:39.503-05:00

Bonus bucks answers for 11/28

1. In the story " Investors Short HK Property Stocks On China Slowdown" analysts expect property prices in Hong Kong to fall by how much next year?

Answer: 10-15%


2. The Bank of England's Monetary Policy Committee member Ben Broadbent said there is a risk of recession in the UK in what period?

Answer: in the fourth quarter


3. According to the CEO of DBS Bank, Piyush Gupta, how large are the bank's savings deposits in Singapore dollar terms?

Answer: S$80 billion



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-11-22T23:18:19.658-05:00

CNBC Bonus Bucks Answers for 11/23


1. Independent think-tank Reform said the UK needs how many years of austerity to resolve its debt problems?

ANSWER: at least 10


2. Mr Yen, or Eisuke Sakakibara, expects the Japanese authorities to intervene in the forex market once again when the yen reaches what level against the dollar?

ANSWER: 75


3. In a recent interview on CNBC’s Squawk Box, trader Kevin Ferry of Cronus Futures Management compared long-term interest rates to a:

Answer: “Hot, sexy girl”



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-11-20T23:07:53.138-05:00

Bonus bucks answers for 11/20

1. Occupy London Stock Exchange demonstrators announced on Friday they had “repossessed” a building belonging to an investment bank. Which bank owns the building the activists gained access to?

ANSWER: UBS


2. Consumers in Hong Kong and mainland China will make up what percentage of global luxury sales by 2020, according to CLSA Asia Pacific Markets' research.

ANSWER: 44%


3. According to a DuPont report for 2011, what is the most popular color for new car buyers in North America?

Answer: White/pearl



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-11-17T22:40:15.008-05:00

Bonus bucks answers for 11/18

1. On Wednesday, the Bank of England predicted that inflation would fall to what level in two year's time?

ANSWER: 1.3 percent


2. Despite the U.S. consumer confidence at recession levels, Smead Capital Management believes its time to buy shares of consumer discretionary stocks. Which ones does it suggest?

ANSWER: Walgreen, Starbucks, Nordstrom


3. According to Hiring For Attitude, one of CNBC.com’s best books for the holidays, what percentage of newly hired employees fail within 18 months?

Answer: 46 Percent



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-11-17T02:05:44.504-05:00

Bonus bucks answers for 11/17

1. According to Darren Rovell’s calculations, how much of their own money did NBA players put on the line with their announced intention to disband their union?

ANSWER: $3.3 billion


2. According to chartist Daryl Guppy, the upside for Nymex oil over the next few weeks is capped at?

ANSWER: $110-115


3. According to CNBC.com's guest writer Shaun Rein, which luxury brand is getting too popular for its own good in China?

Answer: Louis Vuitton



CNBC Million Dollar Portfolio Challenge - Bonus Bucks

2011-11-15T23:00:20.037-05:00

Bonus bucks answers for 11/16

1. UBS Wealth Management expects a fall of how many barrels in global crude oil consumption next year?

ANSWER: 500,000


2. Which 2011 member of Congress has an estimated minimum net worth of $44.21?

ANSWER: Rep. Vern Buchanan (R.-Fla.)


3. UK Chancellor George Osborne and other ministers are drawing up plans for a big increase in infrastructure spending in the country. How much money will be involved for the projects?

Answer: $80 billion



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-13T23:15:13.792-05:00

Bonus bucks answers for 11/14


1. Interest rates from the Bank of England are at a historic low, and on Thursday, November 10th the BoE decided to keep them there. Where do rates stand?

ANSWER: 0.5 percent


2. Selling your house on the Internet isn’t easy and trying to sell it without photos of the front of the house or the interior makes it even more difficult. What three-time presidential candidate forgot to include these photos on their official home website?

ANSWER: Ron Paul


3. According to CNBC.com’s rankings based on the World Bank’s “Ease of Doing Business” study, what is the “worst” country for business?

Answer: Venezuela



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-11T01:27:54.694-05:00

CNBC Bonus Bucks Answers for 11/11.

1. While questioning former News Corp executive James Murdoch in UK parliament on Thursday, Labour MP Tom Watson compared James, the son of Rupert Murdoch, to what?

ANSWER: a "mafia boss"


2. According to the author of a book about the history of MTV, the cable channel’s relationship with the record labels passed through these four distinct phases:

ANSWER: Disdain, resentment, dependence, indignation


3. The stock market of which emerging economy is the worst performer of the year, but still holds long-term promise, according to CNBC's guest writer Michael Yoshikami of YCMNET Advisors.

Answer: India



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-10T06:02:36.023-05:00

Bonus bucks answers for 11/10

1. Greg Dove of the National Flea Market Association, noted that the flea market industry has estimated annual sales of how much?

ANSWER: $30 Billion


2. What is the Dow's target for January according to chartist Daryl Guppy?

ANSWER: 12,600


3. With companies in the S&P 500 stock index reporting record profits, why aren’t stock prices also hitting record highs, according to Fast Money’s Karen Finerman

Answer: “The expectation is that earnings may decline if Europe can’t get out of its own way.”



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-08T22:20:26.276-05:00

Bonus bucks answers for 11/9

1. Where is CNBC’s Republican Presidential Debate being held?

ANSWER: Oakland University, Rochester, MI


2. British parliamentarians this week took the unusual step of interviewing a revenue and customs lawyer under oath over an alleged "sweetheart" tax deal with what U.S. bank?

ANSWER: Goldman Sachs


3. China's clampdown on bank lending has been a boon for banks outside China, according to Standard & Poor's Equity Research. Which Asian bank stock did the firm recently upgrade?

Answer: DBS



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-08T05:03:51.818-05:00

Bonus bucks answers for 11/8

1. There has been mounting talk that the troubles in Greece will cause the Euro zone to break up. According JP Morgan Asset Management will this happen?

B. No


2. What US retailer said on Monday that it is scrapping plans for a chain of European superstores, and announced that it is buying out its British partner in a mobile phone initiative?

A. Best Buy


3. What luxurious holiday gift comes with a price tag of $5,000?

A. Johnnie Walker Private Scotch Tasting



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-07T04:10:08.073-05:00

Bonus bucks answers for 11/7

1. Mining company Anglo American agreed on Friday to buy a majority stake in what other miner?

ANSWER: De Beers


2. Out of the world's 50 largest economies, which is the worst place to do business in?

ANSWER: Venezuela


3. In a live interview on CNBC, how did Ken Langone describe the Occupy Wall Street demonstrators in downtown Manhattan?

Answer: "Babies in adults' bodies"



Veteran's Day Promotions for Active Duty and Military Veterans: 25 Free Things on Veteran's Day and Veteran's Day Weekend

2011-11-05T11:17:10.564-04:00

From free food to free entry to our Nation's parks, here's a summary of freebies for Active Duty Military and our Nation's Veteran's this Veteran's Day Weekend.1. Applebee’s – free meal, Friday, Nov. 11. Last year, Applebee’s served 1,024,000 million free meals to military veterans and active servicemembers. Applebee’s is again offering a free meal to military veterans and active-duty service members on Veteran’s Day, Friday, Nov. 11, 2011. There will be 7 entrées to choose from. Military ID or proof of service required. Find locations here. 2. Chili’s – free meal, Friday, Nov. 11. Chili’s is offering all military veterans past and present their choice of one of 6 meals. This offer is available during business hours on November 11, 2011 at participating Chili’s in the U.S. only. Dine-in from limited menu only; beverages and gratuity not included. Veterans and active duty military simply show proof of military service. Visit their website to find locations.3. Golden Corral – Free meal, Monday Nov. 14. The 10th annual Golden Corral Military Appreciation dinner will be held on Monday, November 14, 2011 from 5 pm to 9 pm in all Golden Corral Restaurants nationwide. The free “thank you” dinner is available to any person who has ever served in the United States Military. If you are a veteran, retired, currently serving, in the National Guard or Reserves, you are invited to participate in Golden Corral’s Military Appreciation Monday dinner. For more information visit there site. Special thanks to Golden Corral: To date, Golden Corral restaurants have provided over 2.5 million free meals and contributed over $4.3 million to the Disabled American Veterans organization.4. Hooters – Free Meal, Friday, Nov. 11. Hooter’s is serving up a free meal to military veterans all day on Veterans Day. Offer good for all veterans and active duty military personnel. Choose one of the new specialty items on the Hooter’s menu. Offer valid at participating Hooters only; open to all active duty and military veterans with valid military ID or proof of military service. Drink purchase required. For more information, visit their site.5. Krispy Kreme – Free doughnut. Available only at participating Krispy Kreme stores. Offer available to all active-duty, retirees & veterans on Friday November 11th. Be sure to call ahead to verify your local Krispy Kreme is participating.6. McCormick & Schmick’s Seafood Restaurants – free lunch or dinner, Sunday Nov 13th. McCormick & Schmick’s is celebrating their 13th annual Veteran’s Appreciation Event on Sunday, November 13th. Veterans will be able to choose a complimentary lunch or dinner entrée. Veterans must provide proof of military service. Be sure to contact your local McCormick & Schmick’s as this is valid at participating restaurants only. Also, Space is limited and reservations are highly recommended. For more information visit here. 7. Outback Steakhouse – A week of Free Bloomin’ Onions and Cokes Monday Nov. 7 – Friday Nov. 11. Outback Steakhouse is honoring America’s military veterans by offering active duty military and veterans a free Bloomin’ Onion and a Coca-Cola product during the week leading up to Veteran’s Day. This offer is available to Military Personnel who have one of the following forms of identifications: U.S Uniform Services Identification Card, U.S Uniform Services Retired Identification Card, Current Leave and Earnings Statement (LES), DD fo[...]



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-04T00:13:41.137-04:00

Bonus bucks answers for 10/4

1. Which of the following is NOT one of the “10 Biggest Mistakes Made by Small Business Owners?”


ANSWER: Relying too much on friends and family


2. According to Matthew Kidman, Author of Bulls, Bears & A Croupier, the Dow Jones Industrial Index will reach what level in 20 years?


ANSWER: 100,000


3. BT, the UK telecom giant that reported quarterly financial results on Thursday, has seen its shares rise more than 100 percent since it began a turnaround. When did it begin that turnaround?


Answer: April 2009



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-03T00:22:22.421-04:00

Bonus bucks answers for 10/3

A UK court ruled on Wednesday that what prominent figure should be extradited out of the country for questioning overseas?

D. Julian Assange


According to Chartist Daryl Guppy, shares of Japanese camera maker Olympus are expected to fall by how much more?

C. 20%


What was Robert Zoellick’s top position during his time at Goldman Sachs?

B. International Vice-Chairman



CNBC Million Dollar Portfolio Challenge - Bonus Bucks Trivia Answers

2011-11-02T11:01:10.553-04:00

Bonus bucks answers for 11/2

1. In a live interview on CNBC, Fifth Third Bancorp CEO Kevin Kabat said the bank increased its third quarter earnings through:

Answer: “Loan growth, expansion of the margin”


2. How much did UK gross domestic product grow in the third quarter, according to a report from the Office for National Statistics released this week?

Answer: 0.5 percent


3. Inflation in China is still running high but latest manufacturing data shows slowing growth. What do analysts at HSBC and RBC say should be China’s monetary stance?

Answer: Targeted Easing