Comments on: Lending Club’s SEC S-1 Risks http://www.personalloanportfolio.com/119/lending-club-sec-s1-risks/ Lending Club and Prosper.com Experience Sat, 20 Feb 2010 21:03:27 -0600 http://wordpress.org/?v=2.9.1 hourly 1 By: Personal Loan Portfolio http://www.personalloanportfolio.com/119/lending-club-sec-s1-risks/comment-page-1/#comment-1455 Personal Loan Portfolio Thu, 12 Mar 2009 01:36:31 +0000 http://www.personalloanportfolio.com/?p=119#comment-1455 Personally, I think that the stock market might a better choice considering how much it has been beaten down. Another option is to split some money between stocks, bonds, and Lending Club loans. According to the new rules at Lending Club, you can only invest 10% of your net worth or less anyway. I'd avoid lending to anyone without good to great credit and might prefer renters to home owners. Additionally, I'd steer clear of some of the hardest areas hit by mortgage issues such as Florida and California. Detroit area would be another place to avoid. Then spread your loans around in small amounts across many loans -- at least 30. With Lending Club's $25 minimum, that only takes a $750 investment. So far, I am happy with my return there. Personally, I think that the stock market might a better choice considering how much it has been beaten down. Another option is to split some money between stocks, bonds, and Lending Club loans. According to the new rules at Lending Club, you can only invest 10% of your net worth or less anyway.

I’d avoid lending to anyone without good to great credit and might prefer renters to home owners. Additionally, I’d steer clear of some of the hardest areas hit by mortgage issues such as Florida and California. Detroit area would be another place to avoid. Then spread your loans around in small amounts across many loans — at least 30. With Lending Club’s $25 minimum, that only takes a $750 investment. So far, I am happy with my return there.

]]> By: Dade http://www.personalloanportfolio.com/119/lending-club-sec-s1-risks/comment-page-1/#comment-1452 Dade Wed, 11 Mar 2009 08:50:06 +0000 http://www.personalloanportfolio.com/?p=119#comment-1452 Is it a good time to be doing this with the state of the economy? Is it a good time to be doing this with the state of the economy?

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