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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