How To Invest At Lending Club – Webinar Thurs. June 11

by debt kid on June 10, 2009

The fine folks at Lending Club are hosting a Webinar tomorrow, Thurs. Jun 11th, at Noon PST

To register for the webinar: Click HERE

If you haven’t opened an account at Lending Club yet, it takes about 7 minutes to do (really, I’ve timed it!).

Why Invest At Lending Club

Well, for one, it works. They recently released stats for their entire lender members, and they are impressive. The average net annualized return is 9.91% as of today (check out the homepage to see the stat updated daily).

I invested in a number of notes over the past year or two, and my average return so far is 9.34%…not too shabby at all.

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Invest Now

Setup your account now. Click the button to become a lender at Lending Club.

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{ 1 comment… read it below or add one }

Peer-to-peer lending June 11, 2009 at 7:36 am

I totally agree that lending via orgs like Lending tree is more profitable than sticking the money in a bank.

But – and it’s an important but – people need to learn risk management. Lots of these seminars only tell you about the upside – but the key to making money on peer-to-peer lending is to be very strict about who you lend to. Risk management is the key. If you don’t attend to it, you get hit by defaulters, and end up losing money.

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