I have not written about Lending Club for a while, so I thought I would give you all the 4-1-1 on my investment.
You read that graphic correctly. My personal net annualized return is sitting north of 10.5%. While that is not huge in dollar terms, my growing loan portfolio now has five loans, all paid to date. My cash flow from the loan payments is about $3.90 per month. That is enough to invest in a new loan every six and a half months.
Lending Club started as an experiment using free money for signing up. It has turned out to be a great investment resource and I highly recommend anyone give it a shot. After all, why should the banks make all the money?
On average, Lending Club investors beat the S&P and Morningstar Bond funds by a substantial margin. What are you waiting for? Go forth and make money at Lending Club.