* These notes contain referral links donated by an asterisk.
In this episode, the FI Garage discusses alternative investment choices: what we’re experimenting with and what our thoughts are. We sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.
Beer #1 – Heritage River Hefeweizen – Brewed & Bottled in Duncan, BC by Red Arrow Brewing (1:15)
- Vancouver Island Moustache Meetup (1:30)
Housekeeping
- Neil from Balancing Fire corrects our dividend calculations on BNS, see dividend investing show notes for correction (7:20)
- Brewing Fire has an article about CoastFIRE that relates to last weeks episode [9:10)
Interesting Article
Work remotely? Tulsa, Oklahoma wants you (and your laptop) to move (10:25)
Alternative Investments
- Cryptocurrency and why we don’t like it as an investment (15:05)
- Art and Collectables as an investment (20:50)
- Goldcoin (23:13)
- Crowd-Sourced Investments (24:45)
- Imbyx (35:35)
- Lending Loop* (25:50)
- Republic (41:00)
- Alternative investment should really only be made with “play” money (33:10)
- The Mechanic tries to rebrand as a “financial scientist” (34:05)
- We find out the Mechanic invested $500 of garage capital in IMBYX (38:25)
- Roomie – the AirBnb for roommates (43:15)
- Investing in Entrepreneurial activities (48:50)
- The Mechanic and Economist discuss their visit to Munich (50:00)
- Co-power Green Bonds (52:25)
- Funding a 2nd mortgage (57:50)
Beer #2 – Hefe-Weibier – Brewed & Bottled in Munich, Germany by Paulaner (49:35)
Deep Dive – Lending Loop Portfolio Performance
- 88.6% in good standing
- 1.5% within the grace period
- 3% late
- 5.5% Delinquent
- 1.5% in default
- $0 charged off
- Weighted average gross yield 14.6%
Reading List
- As dreams of homeownership fade, B.C. startup offers shares in Vancouver homes for as little as $1
- Freedom 35’s Lending Loop Update – 2018 Results (29:25)
- Maple Money’s Lending Loop Review: Peer-to-Peer Lending in Canada
- Republic platform summary
- Co-Power Green bonds
- An Inside Look At Private Mortgage Lending (from Boomer & Echo and Nelson Smith)