I went on vacation last week, but my Lending Club account didn’t (How I invested $1,000 in less than 1 week)

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Ryan VacationIt 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...]

BlueVestment Video - Free Third Party Tool for Lending Club

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When it comes to investing in social lending, it is no secret that I’m a fan of automated investing.  In our first video, I featured LendingRobot and today I’m featuring a free tool called BlueVestment.  I’ve been using BlueVestment paired with p2p-picks.com for about a month now.  BlueVestment allows you to select your own filters, but it also connects picks from Bryce’s credit models over at p2p-picks.  It takes some time to get setup, but once you create the accounts it really is completely hands off.

If you want more information, check out our Q & A with Nathan (Owner of BlueVestment) here or feel free to ask questions in the comments.

 

P2P Lending Diversification and Portfolios

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There are many strategies in investing in P2P Lending, several of which were outlined in our last series of posts by New Jersey Guy and his experience with FOLIOfn.  You should note that those 3 strategies were just a taste of the secondary market and there are some very dedicated people out there who are trying out all sorts of strategies.  Just hop on over to the Lend Academy Forum and I’m sure others could teach you a thing or two.  I’ve heard New Jersey Guy mention diversification within peer to peer lending investments several times and it is something I now realize I knew nothing about.   [Read more...]

Peer to Peer Lending Automation - The Key to Investing in Lending Club

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lendingclubautomation

If only it were this easy…

Over the last couple of months, we have featured 3 tools for automating your investments in Lending Club.  Before the question and answer sessions we posted, my process for my investing was completely manual. Brian was investing manually as well and he actually setup a third party mobile app to send him notifications just before Lending Club releases notes.  Even with my relatively small account, I was missing feeding times and had available cash just sitting in my account pretty often.  Automation tools are starting to mature and I decided that it was finally time for me to try them out and hopefully help others who were considering automation.  [Read more...]

Q & A with BlueVestment - FREE Automated Investing Tool for LendingClub

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bluevestmentBlueVestment is a third party tool for automation with LendingClub.  Recently, they have made their product completely free for investors.  Not only does the tool allow you to select your own custom filters, but it also ties into P2P-Picks for loan picking - a feature that I’m currently using.  (If you haven’t heard of Bryce Mason from P2P-Picks, you may also be interested in the podcast he did with LendAcademy here)

Nathan from BlueVestment was nice enough to participate in our third part in a series of posts about third party tools.  If you have any questions for Nathan, please feel free to post in the comments.

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