Investor Junkie
My Business and Financial Freedom Journey

Lending Club – Update

When I initially reviewed Lending Club last December I promised I would give periodic updates.  That time has come.  I’ll let my screenshot speak for my results:

As you can see my performance has increased from 10.45% to now an annual return of 11.27%.  Some highlights in my investing for the past three months:

• I sold one note on FOLIOfn because their credit score lowered significantly and was concerned they were going to either become a late payer or default.
• I now have 38 notes total. One paid in full early.  No defaults or late payments.
• I just added an additional $1k this month and plan on investing in more notes

Come June, I’ll be investing in Lending Club for one year.  So far I’ve had great results and been happy with experience.

Lending Club Review – How to Become a Bank

Click here for an update of the Lending Club review

Did you ever wish when applying for a bank loan, that you were the loan officer sitting on the other side of the table?  Well now you can with peer-to-peer (P2P) lending services like Lending Club.  They offer a higher rate of return (over 9.6%) than many other traditional investments and you have some ability to manage risk.  It’s similar in class to bonds, but is more like if you owned a bank and were the loan officer.  You determine which loans you want to approve, and which ones to pass on.  Sounds interesting?  Keep reading for more details.