http://www.personalfinanceplaybook.com/2009/11/lending-club-update-2/ A Blog About Personal Finance & Investing Wed, 10 Mar 2010 20:02:10 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.personalfinanceplaybook.com/2009/11/lending-club-update-2/comment-page-1/#comment-1593 Todd Metheny Tue, 03 Nov 2009 18:16:40 +0000 http://www.personalfinanceplaybook.com/?p=1510#comment-1593 Hi Lulu, I invest the minimum $25 in each loan as well. I think that's the right way to go about it, because we really can't know who will default just from their profile. There are a lot of variables at play, and I think we have a limited ability to determine which loans will default. So diversifying by spreading the risk around is definitely a good thing. Thanks for contributing to the discussion! Hi Lulu, I invest the minimum $25 in each loan as well. I think that’s the right way to go about it, because we really can’t know who will default just from their profile. There are a lot of variables at play, and I think we have a limited ability to determine which loans will default. So diversifying by spreading the risk around is definitely a good thing. Thanks for contributing to the discussion!

]]> http://www.personalfinanceplaybook.com/2009/11/lending-club-update-2/comment-page-1/#comment-1592 Lulu Tue, 03 Nov 2009 17:30:54 +0000 http://www.personalfinanceplaybook.com/?p=1510#comment-1592 I invested $250 with Lending Club and I have been very pleased with the results. I made all my loans for only the $25 minimum to spread out my risk even more. I had one loan default and one paid off early but all the rest are current and I am happy with what my little portfolio is doing. I hope to increase my investment like you and have enough where I can keep reinvesting from the people who pay their loans. I invested $250 with Lending Club and I have been very pleased with the results. I made all my loans for only the $25 minimum to spread out my risk even more. I had one loan default and one paid off early but all the rest are current and I am happy with what my little portfolio is doing. I hope to increase my investment like you and have enough where I can keep reinvesting from the people who pay their loans.

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