According to the poll conducted with the readers of Personal Loan Portfolio, I am investing my next $500 with Lending Club. Lending Club won 64% of the votes (28 votes), a clear majority versus Prosper.com’s 18 percent (8 votes). Despite, my original conclusions that Lending Club is an inferior investment to the S&P 500, only six votes (including one of my own) selected the S&P 500. And Zopa was even further behind in the voting with only 2 votes. As an aside, I must report that I had one Harvard Business School voter who voted for Lending Club.
I was happy to receive 44 votes on my first poll considering that Personal Loan Portfolio is only about one month old. Thank you to everyone who voted in the poll. I will transfer money to Lending Club tomorrow to select my next loans as promised. The good news is that there will likely be more loans to select from this time since Lending Club has extended ts reach.
I am surprised that so many people voted for Lending Club when I could have otherwise provided my thoughts on another P2P Lending service such as Zopa or Prosper.com.
lending club, investing, investment, p2p lending, p2p loans, poll