As the blog continues to gain readership, I often get questions from the contact form. We all know that there is no such thing as a stupid question. Folks also seem to have similar questions – so what better way to spread the word about peer to peer lending than to post my responses on the blog. I enjoy hearing from others and it often gives me a different perspective on things. With this industry still being relatively new, people are at all different levels as far as educating themselves and I need to keep this in mind. I hope you enjoy these posts as much as I enjoy hearing from readers. Let’s get started! [Read more…]
Archives for April 2014
It has been awhile since I’ve had a post outlining my returns with p2p lending and my plan is to be more consistent with these posts in the future. I want to preface this with the fact that my Lending Club notes are still not seasoned which means my returns below are not an accurate representation of what they will be. In fact, I have seen little progress in the average age of my notes as I continue to add funds to my account. [Read more…]
When it comes to social lending, I thought I had a pretty good idea of where I thought the industry could go and some of the other niches that social lending companies could service. Last week that changed when I heard about Red Rock Assets. It seems like there is no lack of innovation when it comes to disrupting industries. Red Rock Assets has an interesting twist on social lending. For one, it offers only mining projects through its platform. Not only do lenders earn interest, but there is also a profit sharing aspect, which is a unique concept. Intrigued? I was, and that’s why I was anxious to talk with Matthew Freedman – CEO of Red Rock Assets – to learn more.
As social lending continues to mature, it comes to no surprise that the third party automation tools continue to mature with it. I’m excited to share that LendingRobot is now registered with the US Securities and Exchange Commission as an Investment Advisor. If you are a Lending Robot user you already received an email earlier this week. Besides this being a step in the right direction for third party tools, this change also comes with a new fee structure which I’ll outline below. I’m hoping this change will also prompt retail investors who were previously reluctant about using a third party tool to reconsider. [Read more…]
It wasn’t until last week until I truly appreciated the fact that my account was fully automated. I used to think automation wasn’t necessary. After all, I’m a software developer by trade and usually have my laptop within reach during the 4 pm or 8 pm CST note release times. However, last week I went on a road trip to South Carolina and camped along the way down south – not conducive to managing a p2p lending account that isn’t automated. I tried to coordinate a significant amount of capital (it’s all about perspective people) being invested while I was gone and see how long it would take to invest. [Read more…]