The Sun’s Financial Diary

Nearly five months ago I started to invest through Lending Club in order to add a little bit more diversification to my investments. Since then, I have been steadily building up my portfolio. The process is rather slow though since I can only buy notes on the secondary market, which I sometimes forgot to do [...]

but they will come a rather heavy price.
Since now I am working in the DC area and will soon be a resident of Virginia, I started to tune my radio to news stations in this area. Early this week on my way back from work, this piece of news got my attention. Virginia Governor announced [...]

It has been nearly three months since I last updated my Lending Club loan portfolio, even though I wasn’t quiet during this period of time. In fact, I have already more than doubled the number of loans I own since I got into the peer-to-peer lending business in February. Right now, I have 54 notes [...]

Prosper, once the largest operator of peer-to-peer lending until it shut down its operation in October 2008 amid regulatory scrutiny, has relaunched yesterday and now it’s called Prosper Loans Marketplace, with a twist on how to lend and borrow. However, since the Prosper is still in the process of completing registration with the Security and [...]

Is Lending Club Safe? As a platform for peer-to-peer lending, Lending Club itself is safe. It’s lending money through Lending Club that carries risk. However, by carefully evaluate and select each loan, risk can be reduced and return can be improved.
I have been gradually building up my Lending Club loan portfolio in the past few [...]

I logged in my Lending Club account today to buy a few more note, then I noticed something that’s apparently new in the Note Trading Platform.

It’s a new column of data called (click the above screenshot to enlarge). If you are not familiar with Yield to Maturity (YTM), then you can check out the definition [...]

Only one week into the peer-to-peer lending business, I already received my first payment of $0.80 ($0.60 principle plus $0.20 interest, that’s equivalent to 10.2% yield). It’s from a $25 loan I purchased last week using Lending Club Note Trading Platform (check out my Lending Club Note Trading Platform review for details). The loan isn’t [...]

I wasted little time in building up my Lending Club portfolio.
Only a few days in the peer-to-peer lending business, I already have, believe it or not, 20 loans (notes) in my portfolio 8 of them are $25 loans and the rest are $50 loans at a total value of $794.68. Right now, I [...]

Lending Club is a SEC registered leading peer-to-peer (P2P) social lending platform, where borrowers with excellent credit can borrow money with rates starting at 7.88%. Lenders can enjoy an average 9.05% loan return.
I have been thinking of getting into peer-to-peer lending as alternative way to invest for quite some time, but the idea has been [...]