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https://www.lendingclub.comOriginally Posted by no_worries
I want to know where I can get in on a liquid investment yielding over 8.5%!
If I told you what the lifetime average of my account with them was, you’d call me a liar; but let’s suffice to say that the lifetime net annualized return of all investments through them, as of February 2011 is above 9.8%. My returns are considerably high however.
Yes, p2p lending has had a gimmicky reputation (only partly deserved, I might add), but more and more legitimate investment professionals are recommending that investors put at least a small percentage of their portfolios in such investments. Lending Club has had positive reviews by publications such as Barron's, Forbes, the Washington Post, and even CNN and Fox News. I personally believe it will become more and more main stream as it develops a longer history and traditional investments continue to yield less and less; but of course I’m just a truck driver, so what do I know?