With the volatility of the stock market, I have been interested in other investment opportunities. They can be hard to find.
So far, I am very pleased with the peer to peer lending model offered at Lending Club I can honestly say that its simple to set up and use, and is providing me an average return of 15% so far. I’m so impressed in fact, that I would like to invest in this option rather than my 401k. At least for a bit.
Diversification always sounds like a good idea, but it isn’t lately in both real estate and no matter what stock or fund I seem to choose. But peer to peer lending feels good because I’m helping out someone with consolidating their debt, and I’m earning a little interest for doing it. A win-win.
Plus they give bonuses often for your investments, as well as for referring friends and family.
UPDATE: 1 year later – I have successfully been investing in this for over a year and am very happy with my returns (over 15%) and the tool itself. I really haven’t found any other worthy investment that is easy to get started and earns this kind of return. If you know of anything besides the volatile stock market – let me know! I am eager to continue to invest in things like this.
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