jmoy911

good article - http://www.bostonglobe.com/2011/12/18/bus-brothers/cih5tdmtC5Wl65rXXpXb2L/story.html?s_campaign=sm_tw and a happy follow up - http://gawker.com/reporter-follows-up-on-a-hard-story-and-finds-a-really-1484643306

+1 great article.

Great interview, thanks for sharing.

If you don't mind, what is your strategy/criteria in investing in LC notes? Same here. Have been spending quite some time learning the business and notes to invest. This is just a diversification strategy for me and I don't see myself ever investing more than 10% of my net worth there ( it's much less now). I don't have high returns expectations from this though and would be happy if it is anywhere between 8-10% CAGR. That would help me be more conservative and more selective about the notes I invest in, contrary to some bloggers who are shooting for high returns by taking on huge risk and only buying junk notes (D,E,F,G grades in LC). As they say - If you are more concerned about return OF capital, then you should be less concerned about return ON capital.

Second IB and also agree with the criticism. There's also a $10 monthly fee if you don't meet certain trade minimums. HSA Bank lets you set up a sub-account with ameritrade. Interactive Brokers in my opinion is the best on price (commissions, margins and fees), best on tools, best on product/market breadth. The only thing I wish they could improve is customer service. Would definitely recommend.