Anyone tried p2p lending? Most of the websites says ~7% + returns ? Did anyone try and how much returns did you get ?
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- I didn’t change default settings on LendingClub, get 4.25% a year. 7% is too much risk IMO.
You can also check out muni bonds (ETF:HYD) - 4.45% return, no federal tax
- And horrible to calculate so I only went into it with an IRA. Plus there were some adverse rulings around how to deduct defaulted loans which make it less attractive. Use IRA or don't go in at all. Save taxable account for things that earn capital gains instead.
If only to save yourself a headache trying to figure out how to file the return.Feb 8 1