I was looking for somewhere relatively safe to park money that I made from selling my old company's stock prior to it imploding. Not sure if I was smart or just lucky... :banana:
Since I think the stock market is a bit risky right now other than for perhaps very experienced day and/or short-term traders, I ended up putting quite a bit into a GNMA fund for now.
But during the process, I stumbled upon "The Lending Club"... a social lending network that boasts about a 9% average return. I spent some time looking at the pros and cons, and at the end of the day, decided it was not right the option for me. I was not comfortable investing maybe more than a few thousand dollars with them given the number of quality borrowers. It did seem perhaps worthwhile for someone who wanted to invest only a thousand or two and divided it up amongst many loans.
I was just curious if anyone else had looked at this investment option.
Since I think the stock market is a bit risky right now other than for perhaps very experienced day and/or short-term traders, I ended up putting quite a bit into a GNMA fund for now.
But during the process, I stumbled upon "The Lending Club"... a social lending network that boasts about a 9% average return. I spent some time looking at the pros and cons, and at the end of the day, decided it was not right the option for me. I was not comfortable investing maybe more than a few thousand dollars with them given the number of quality borrowers. It did seem perhaps worthwhile for someone who wanted to invest only a thousand or two and divided it up amongst many loans.
I was just curious if anyone else had looked at this investment option.
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