tag:blogger.com,1999:blog-5363346176357438290.post7595296645350700967..comments2024-02-12T04:13:45.144-07:00Comments on Frugal For Life: Investing in Lending Club Under TrialMoney Crashershttp://www.blogger.com/profile/01458978398655534075noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5363346176357438290.post-20353409691197132722010-10-04T14:24:42.330-06:002010-10-04T14:24:42.330-06:00It is illegal in my state, so I've been spared...It is illegal in my state, so I've been spared the temptation.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-54261646438526026372010-10-01T19:45:50.176-06:002010-10-01T19:45:50.176-06:00I've been investing at Lending Club for a litt...I've been investing at Lending Club for a little over a year now with a 15% return. Even have a pseudo investment club setup if you'd like to follow along with a group of 20 of us. <br /><br />Really wish LC had been around 10 years ago when I opened my IRA... 10 years of 10%+ returns would be nice.Unknownhttps://www.blogger.com/profile/13512836913840500157noreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-70610371030131999822010-10-01T08:13:03.855-06:002010-10-01T08:13:03.855-06:00We invested about a year ago, but decided to jump ...We invested about a year ago, but decided to jump in with $2,500 so that we could diversify the investment. Investing in 1 or 2 people is fun, but it's not really an investment, plus if the person stops paying, then you lost your $25. With the 100 loans we made, 2 stopped paying completely, and 1 is currently late, but overall, we're still making 8%, which is helluva lot better than my Louisenoreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-85935273686193643422010-09-30T20:29:55.098-06:002010-09-30T20:29:55.098-06:00I invest in Lending Club and I love it. I started ...I invest in Lending Club and I love it. I started with Prosper but I am withdrawing all my cash there and sticking to Lending Club because I had a better experience there.<br /><br />The most important thing is to only invest what you can afford to lose....so every time you invest $25 be sure to say goodbye to it since you never know what will happen. I only make the minimum investment of $25 perLuluhttp://www.howisavemoney.netnoreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-45323058710085034512010-09-30T14:32:42.575-06:002010-09-30T14:32:42.575-06:00We do invest at prosper.com. We have over $1,000 i...We do invest at prosper.com. We have over $1,000 invested. We've only had one loan not payoff so far (and we have over 30 loans), and ironically, those borrowers had a AA credit rating. We only lost $1.80 in principal of the $50 invested in that loan, however - probably didn't payoff because of job loss.<br /><br />The average APY is 15%, as you said there is a risk of loss of principal, Anonymousnoreply@blogger.com