With the most recent recession, investors have become more painfully aware of the roller coaster ride that the stock market can take them on than ever. As a result, people are looking to find alternative investments that provide more consistent rates of return to put their money into. One such alternative investment is peer-to-peer lending. Many investors have averaged between 8% and 12% on the money that they have used to fund peer-to-peer loans.
If you’re considering investing in peer-to-peer loans through Lending Club, you’re going to want to do a lot of research and make sure that it’s a good fit for you. You can certainly do a lot of Google-ing and read the experience of individual investors that have put money into Lending Club that have shared their experiences.
There are a few other resources that you should checkout as well before diving into Lending Club. The first is Lending Club Stats.com, which provides statistical information about the rates of returns that lenders have received using Lending Club’s published data. Lending Club publishes this information as well, but Lending Club Stats slices the data in a manner that might be more useful for the individual lender.
Finally, it’s always worth checking out Lending Club’s Wiki page on Wikipedia. There’s no official Lending Club Wiki that’s exclusively about Lending Club, however Wikipedia has a decent article on Lending Club that provides some good history about the company. It’s definitely worth a read if you plan on putting any amount of money into Lending Club.
Like any investment, you’ll want to do research before putting a significant portion of money into Lending Club. From our perspective, we’ve had pretty good luck with our small experiment into putting money into Lending Club, but we suggest you take the time to read about many lenders’ experiences before making a decision as to whether or not you’ll consider this alternative investment.
