A few days ago, we blogged about our plans to reallocate our assets to raise money for school. Part of this plan involved putting a large chunk of cash into prosper.com. Ultimately, and I feel a bit sheepish to say it, my mother talked me out of it. For what its worth, my mom retired with a very high net net worth to Hawaii, so I trust what she has to say. The reasoning is essentially that, while popular, prosper is still too new to risk large sums of capital in.
So, at this point, I’m brainstorming to see how I can turn $70,000 into a thousand dollars of income per month. Right now, I’m thinking about Canadian energy trusts or preferred stocks.
Stay tuned, I’ll keep you updated when a good solution presents itself.
Best,
James
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