Investing AND Borrowing Through Lending Club

Lending Club has been sweeping the investment world – and the borrowing universe – at the same time.

And why not?

Who wouldn’t be interested in a financial facility that enables investors to earn more than the going rate on their money, while borrowers pay less?

Lending Club Review

Lending Club is an online peer-to-peer (P2P) lending platform that takes the banker out of banking. Investors lend money directly to borrowers through the site, enabling both to benefit from the rate of interest that’s established for each loan.

And just as important, the entire transaction happens online, eliminating the need for sometimes embarrassing face-to-face meetings that are common with bank loans. It’s a win-win as both investor and borrower benefit from the Lending Club process.

As of March 31, 2015, Lending Club has issued loans totaling well in excess of $9 billion. This includes more than $1.6 billion issued in just the last quarter.

Let’s take a look at how Lending Club works for both an investor and a borrower.
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How One Woman Paid Over $3,500 in Variable Annuity Fees and Didn’t Even Know It

“I think I’m paying around $50 per year.”

That’s what I heard from one woman who actually paid a lot more on a variable annuity.

A whole lot more.

If you haven’t guessed it yet, I’m not a big fan of variable annuities.

I’ve seen too many investors who were sold this horrible product – having no clue what it does and why they should even own it.

They just know the advisor who sold it to them claimed it was some sort of “guarantee.”

What’s worse is the client typically has no idea what they are paying.

Don’t believe so? Here’s an actual client scenario which shows just that.

Paying Variable Annuity Fees

The Details

For anonymity I am changing a few details but you’ll get the gist.

A prospective client found my blog and was interested in working with me. When she came in I learned they were working with a local office of a big brokerage firm that rhymes with Bells Cargo – once again, I’m protecting anonymity here ;-).

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Are Annuities a Good Investment? The Good, Bad, and Real Ugly

Annuities.

You may have heard investment advisors – or insurance advisors – talk about them in the past. In fact, earlier I described several reasons you should and shouldn’t buy annuities.

If you catch me on the street and ask if annuities are a good investment, I’d tell you the short answer is that it depends.

If you press me further, I’d tell you that most of the time they aren’t a good investment.

If you demand clarification, I’d probably just shoot you a link to this article – unless you’d like to take me to In-N-Out Burger and pick up the tab. 😉

are annuities a good investment

Here, I’m going to define annuities, show you why some people buy them, present two particular types of annuities, and show you a few alternatives you might like.

If you have any questions, please don’t hesitate to reach out to me! Let’s get started.
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15 Ways to Invest $10,000

Do you remember the first time you wrote a check for $100?

The first $100 check I wrote was for my cell phone waaayyy back in 1997.  Whoa….that brings back memories.

What about your first, $1,000 check? Even better, your first $10,000 check?

The first time I wrote a check for $10,000 was to pay off my student loan debt.  That was, by far, the best check I ever wrote!

It’s not too often that you have an extra $10,000 lying around, but if you did it would definitely be a good problem to have.  :)

But the answer as to what to do with the money isn’t always clear. Allow me to suggest a few ways to invest it – like 15 of them.  Here’s 15 ways to invest $10,000.

best way to invest 10000 dollars
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What the Heck is a Hedge Fund?

Am I the only that thinks of Sonic the Hedgehog when I hear the term “hedge fund”?

Sonic the Hedge Fund

Hedge funds are the mystery players in the investment universe. We hear a lot about them, but few of us ever have any regular interaction with them, and we certainly don’t invest money with them. We assume that the only people who do are the big money people, like Georg Soros and Warren Buffet.
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11 Ways to Invest $100,000 with Confidence

A cool $100,000 hits your checking account. Good day.

Before you go bananas and buy a Tesla with automatic lane-changing capabilities, please take a deep breath – for my sake. The last thing I want to see you do is blow all your money on sports cars or bad investments.

how to invest $100000

Whether I’m investing $100,000 or $1,000,000, there are a few steps I would follow first. You can read more about those steps in my article on how to invest a million dollars.

That article is more about what to do with a large sum of money (like paying off debt and building an emergency fund) – this one will help you learn about a number of investments, investment methods, and investment tools that will lower your risk.

So grab your $100K and invest with confidence!

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Grow Your Dough Throwdown 2.0

It’s back…..

Just when you thought the Grow Your Dough Throwdown was done, we’re back for another year.

Ahhh yeah….

It’s time for Grow Your Dough Throwdown 2.0.

Grow Your Dough Throwdown 2.0

I had a blast throwing down with my fellow personal finance bloggers that I knew that I wanted to do it again. But if I did it again, I wanted a few things to be different:

  1. More bloggers joining the fun.
  2. A much easier way to track the performance for each blogger.

Enter Motif.

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Grow Your Dough Throwdown Final Results

I can’t believe the Grow Your Dough Throwdown is over!

It’s been an exhilarating ride, and I wish I could say that I was excited to share the results.

Alas, my portfolio got its butt kicked, while my wife’s portfolio, on the other hand, did rather well.

In fact, I think everyone kicked my butt.

Oh, well; life goes on…..

Grow Your Dough Throwdown

The exciting thing is that the Grow Your Dough Throw Down 2.0 is ready to launch, and I will have details at the end of this post.

Until then, let’s take a look at how I did.
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Want to Win $2,500 of Apple Stock?

I’m an Apple fanboy.

A few years ago I got my first Macbook Pro and I haven’t looked back.

If you were to visit the Rose household, you would see that the entire family is on the Apple bandwagon with 1 iMac, 2 Macbook Pro’s, 1 iPad, 3 mini iPads, 1 Time Capsule and iPhone’s galore.

Yeah, we love Apple.

When Nvestly, a new social investment platform, asked me to participate in a $2,500 Apple share giveaway to bring awareness to their recent launch I was totally onboard.

IMG_6573
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The Simple Way to Find Out How Much Investing Risk You Can Stomach

Risk is everywhere.

All I have to do is turn on the news to be reminded of that.

I think it’s easy to go about our day-to-day lives and forget that bad things can happen – until suddenly they do.

Speeding down the highway. Smoking cigarettes (or anything else). Driving after one too many drinks. All of these are examples of risky behavior. Could you do it and be fine? Maybe. But each of these behaviors carries an element of risk of harm to yourself and others.

The sad truth is that risky behavior sometimes ends in tragedies – some worse than others.

And sometimes, we don’t even realize how much risk we’re taking until something unexpected happens that changes how we think about what we’re doing.

The truth is, whatever you do in this life carries a degree of risk.

But there’s another side to this coin.

The Simple Way to Find Out How Much Investing Risk You Can Stomach

Benjamin Franklin is credited with saying, “Nothing ventured, nothing gained!”

That’s true. I get up in the morning and work hard because I believe and hope that I can make a difference in the world. I take risks, just like you do – and that’s okay.
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Grow Your Dough Throwdown – It’s Almost Done! (October Update)

The Grow Your Dough Throwdown is almost over (sigh).

It’s been a fun challenge, and it’s been exciting to see how my different portfolios have held up.

**You can check out the original announcement post here. And here is the March update, May update, and the Midyear update.

What hasn’t been exciting is seeing the other personal finance bloggers that are kicking my butt.

Like, serious butt kicking.

Either way, it’s been fun, and I’m looking forward to announcing that the Grow Your Dough Throwdown 2.0 will be happening next year.

October Update

This one should be bigger and better, and I can’t wait to share the details. Until then, let’s take a look at how my portfolios are doing.
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The Right Time to Buy Stock Is…..

It never fails.

Anytime a new investor wants to get started investing, they always want to buy stock.

Always.

Doesn’t matter that they’ve never invested before.

Doesn’t matter that they have no idea what makes a good stock.

They just know that guys like Warren Buffet made a killing by buying stocks and they want to, too.

Even worse is when they want to buy a penny stock. >>>PLEASE<<<< don't do that.

If you think you're ready to buy some stock, watch this video first.