The Pennywise Family » investment http://www.thepennywisefamily.com Thu, 29 Dec 2011 05:59:05 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Some "pennywise" investing with my mad money http://www.thepennywisefamily.com/lending-club/some-pennywise-investing-with-my-mad-money/ http://www.thepennywisefamily.com/lending-club/some-pennywise-investing-with-my-mad-money/#comments Wed, 08 Jul 2009 17:22:00 +0000 Jessica http://www.thepennywisefamily.com/2009/07/some-pennywise-investing-with-my-mad-money/ Continue reading →]]>
Back in January I took $100 and invested it in something new and different–peer to peer loans. I made my loans with Lending Club and divided my “investment” into four different loans of $25.

All are still current and one is even paying back aggressively. I’ll have another $25 back to reinvest around the end of the month.

So far, my net annualized return is 10.22%. My mom also used their IRA product and is experiencing an even better return (so jealous!).

I might invest more this way later after debt-freedom. It ties money up for a while (about 2-3 years) but you slowly get it back. I might use it like a CD ladder. I’m very excited to see how well P2P lending will fare after the traditional credit markets free up, but I certianly like this process a lot more than traditional banking.

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