I’ve been a Lending Club investor since July 2009. In the three years I’ve been doing P2P investing, I’ve learned a lot since I first started. Some of lessons you see discussed with my quarterly updates, but not comprehensive enough for someone new to peer-to-peer lending.
Since I’ve been very transparent with my Lending Club investment, I’ve had many ask me how to invest. The most common questions I get: “How can I get started?” or “I’m already with Lending Club, how can I get better returns?”. I’ve always wanted to create an online course for peer-to-peer investing, but I have never had the time to focus on such an endeavor.
P2P Lending Wealth System Course
Fortunately, someone has filled this much needed niche. Peter Renton from the Social Lending Network blog, created the P2P Lending Wealth System. It’s the most comprehensive P2P investing course I’ve seen anywhere.
Peter created this course last year and just updated it for 2012. If you don’t know Peter or his web site, he’s an authority in the P2P investment arena. He also walks the talk. He’s an active investor with both Lending Club and Prosper and has five figures invested in each P2P lender. He’s a seasoned investor that can you get started quickly and help get a decent return.
Peter’s course discusses:
- Intro and background to P2P investing of Lending Club and Prosper
- The Risks with P2P Lending and how to minimize defaults?
- Maximizing Your ROI with Lending Club and Prosper
- Insider tips to research and taxes
The over four hour course is in online web video format and walks you through every step of the investing process. The course is perfect for investors just starting out but also includes advanced topics that will even help the seasoned P2P investor.
I’ve personally reviewed the entire seminar and without question endorse this product. I can honestly say this course is beneficial for even a seasoned investor like me; I learned a few tips and tricks that will improve my returns.
For someone just starting peer-to-peer investing, the course is well worth the cost. It will help ensure you get a decent return with Lending Club. The course not only discusses Lending Club, but also the other peer-to-peer lender, Prosper.
I don’t have any direct experience with Prosper’s 2.0 lending process yet. I plan on investing and reviewing Prosper in the coming months. This course will help me get a head start investing with Prosper.
Peter is running a special on the course until the end of May 2012 for $97. After May the price will go up to $147, so I suggest you order it now.
Peter has filled a niche with his new education product that should prove useful to a lot of people. I plan on going through the lessons in the next week or two myself. I haven’t had to deal with taxes against my p2p earnings yet, so I’m particularly interested in reviewing that section to see what I’ll have to deal with next year. Glad to get your insight after reviewing the product.
P2P Lending Wealth System Course sounds like a good investment for someone new like myself. However, is it worth the investment if my state is only allowed to invest in Lending Club? I reside in Michigan, and you stated in another blog, “Prosper does not allow any additional states on their trading platform”. I am currently awaiting approval to invest in Lending Club and do not want to spend unnecessary money on something that speaks mostly about Prosper.com. Any assistance will be greatly appreciated, thanks.
Alex
Hi Alex,
The course speaks to both Lending Club AND Propser equally. Obviously if you invest in both you would get the most out of the course, but Lending Club is discussed the same amount as Prosper.