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Money Matters
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Old 04-21-2013, 06:58 PM   #1
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Anyone try P2P lending?

Whatup sirs. I was looking into alternative investments and kept running into peer to peer lending ala lending club and prosper. I like that you pick up $25 of various loans and can choose based on credit score/history - basically building a diverse portfolio with only a couple grand (as opposed to stocks which require much more capital just to cover transaction fees).

Aside from the obvious risks, it looks like youre the owner of multiple unsecured loans from the company and not from the actual borrowers. So if the company goes under, you will have last dibs on the assets. However its been around for a few years now, has a prospectus filed with the sec and, from the biased opions of bloggers being paid to promote it, you get around an ~5-8% depending on how well you manage your portfolio. Im just wondering what ya'll think of this roi in light of the risks.
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Old 04-23-2013, 02:41 PM   #2
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why not just invest to friends and family?
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Old 04-23-2013, 10:32 PM   #3
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I do loan to fam when they need it, but I dont charge interest.

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