P2P lending

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Feb 8, 2019 16 Comments

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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TOP 16 Comments
  • LinkedIn
    bored๐Ÿท

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    bored๐Ÿท
    Just buy corporate bonds. Much less risk and good returns.
    Feb 8, 2019 2
    • eBay / IT
      manorama

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      Coder
      manorama
      Any good one which you had experience with ?
      Feb 8, 2019
    • LinkedIn
      bored๐Ÿท

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      bored๐Ÿท
      I just buy a basket of BBB rated corporate bonds from my brokerage account and hold them to maturity. I also buy some T-bills but those have lower returns.

      FYI T-bills yields about 2.4% per year right now. BBB rated bonds yields around 3.5% to 4% per year right now.
      Feb 9, 2019
  • Cerner
    ggyvvjgvv

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    Amazon
    ggyvvjgvv
    Used lending club for like 4 years its not worth it. Its worst then SNP or any other good index fund. My return is like -1.5 percent after 4 years.
    Feb 8, 2019 0
  • Amazon / Eng
    tylium

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    tylium
    Used lending club. Downsides are its hard to get out. I've been trying to cancel my account for the last 2 years but cant liquidate my final loans because they are under water. Returns are fine if you hold long term. I prefer real estate.
    Feb 8, 2019 0
  • Jet.com / Other
    gtfoorgtfo

    Go to company page Jet.com Other

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    Starbucks
    gtfoorgtfo
    I didnโ€™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
    Feb 8, 2019 3
  • Taxes as income though, right?
    Feb 8, 2019 1
    • Amazon
      0C

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      0C
      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, 2019