As of today, I’m enjoying a 14.97% annualized return on my investments with Lending Club, the awesome peer to peer lending investment. For those of you who are not familiar with Lending Club, there are usually about 180 loans on the website at any given time waiting for lenders like you and me to come along and fund them. And, you can search through them all by several criteria.
My portfolio of loans primarily contains a mix of Grade C, D, and Grade E loans. I do not waste my time with conservative A or B class loans which do not pay very much interest.
After eight months of lending money to individuals, I have not had a single loan become late. All of the statuses of my ten loans are still current. While savings accounts, money market funds, and certificates of deposit are paying minuscule rates of return, I continue to be quite happy with my Lending Club experience and the excellent return that I have been earning.