Friday, November 4, 2011
Going in deep...
Up until this point, I have only had a small portion of my investments in Lending Club. Last month, I rolled over a Roth - IRA into Lending Club. I'm up to about 15% of my total investments in Lending Club.
The rollover process was pretty painless. A form is filled out on-line, information is sent to the previous custodian to send the information and monies to Lending Club. The whole process took a couple of weeks.
Investing the money into loans can take some time, I wanted small amounts in many loans. My guess is that will take 2 months to have all the money in loans.
So far, so good, over 19% return!
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