If you’re new here, subscribe to my RSS feed to easily see all the latest money management tips, tools and resources. Thanks for visiting!LendingClub, the social peer-to-peer lending site originally launched on FaceBook, today filed an Amended S-1 Registration Statement with the SEC. Now one step closer to completing its securities offering and [...]

Lending Club today announced that it has “started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future.” Thus, it appears that Lending Club wants to create a secondary market for its loans that would allow lenders who need [...]

If you think Prosper and Lending Club set interest rates the same way, think again. In fact, how they set interest rates is fundamentally different.

Prosper versus Lending Club
Prosper follows an Ebay auction style format, where the interest rate is set by the lenders through bidding. Lending Club sets the interest rate based on [...]

Recently I described how I overcame my fear of P2P lending. One factor that encouraged me to dive into P2P lending was Prosper’s new Portfolio Plans. With these plans, you can quickly and easily select the types of loans you want to make, and then leave all of the hard work up to [...]

I’ve invested in the stock market for more than 15 years. I own mutual funds that invest in junk bonds, emerging markets, micro cap stocks and other very risky investments. I’ve lived through severe market downturns like we saw in 2000-2002. I’ve watched my portfolio balance plunge, all the while holding steadfast [...]