Monday, January 28, 2013
Lending Club Update
Lending Club is still performing above my expectations. It's mind boggling to receive an expected double digit interest rate while 10 year treasuries are paying less than 2%. The best part is the simplicity, I can't imagine anything easier to use. I can log in, use a saved search, then make an investment in less than a minute. So easy a third grader could do it.
At this point, I'm considering stepping up contributions. I've been adding a modest $50/month which has worked well. With the stock market approaching all time highs coupled with unbelievably low interest rates, lending club is looking more and more attractive. I think this is where new money will go for my fixed income allocation.
Sorry preferred stocks, sorry bonds; you do not offer this kind of return.