Steadfast FinancesPeer to Peer Lending Archives - Steadfast Finances
27 September 2012

Ways to Start a Business

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Are you looking to start your own business? While the initial stage may be exciting when starting out on a journey like this, it is often the most challenging period for a small business owner. Not only are you tasked with creating the system or systems in order to increase later efficiency, you are also forced to come up with the funds to run the business. Every business needs money – it’s just a matter of how you are going to acquire the money.

22 April 2011

Shutting Down My Lending Club Investments

In a decision I consider nearly as bad as the “New Coke” experience, Lending Club has decided to limit the questions an investor can ask potential borrowers. The resulting policy only allows investors to ask a limited series of pre-approved questions. For me, this is unacceptable. The primary reason for the change in transparency was […]

3 March 2011

Tracking Performance of Lending Club Investment Returns

After posting my Lending Club investment strategy and returns for over a year now, I thought today was as good as any to post a quick summary and track my net annual return volatility. Summary Outperforming Lending Club’s benchmark index of 9.7% by ~4.5%. Loan payments generate ~$250/month of cash for reinvestment. Defaults: 2 loans […]

21 February 2011

Lending Club Loans: Separating the ‘Wheat from the Chaff’

I’m a great believer in luck, and I find the harder I work, the more I have of it. – Thomas Jefferson. Like all things in life, if you’re willing to roll up your sleeves and do a little bit of work, the chances of something good happening are in your favor. It doesn’t happen […]

7 February 2011

My First Lending Club Loan Default

They say you always remember your first more than the others… So yes, after 1 1/2 to 2 years as a Lending Club investor, I finally got hit with my first default where a small $24 loss took my pretty little 15.64% NAR out behind the woodshed to a tune of 0.86%. A 14.78% NAR […]

4 February 2011

P2P Lending Strategy: Older Borrowers Mean Safer Loans?

One static component of my constantly evolving Lending Club investment strategy is identifying borrowers who have a fairly long history of employment. In other words, that means: the older the better (but not at or beyond retirement age). 10 years plus with a single employer. decades of experience often imply management material. As the above […]

22 January 2011

P2P Lending Investors Beware: Government Layoffs & State Bankruptcy Risk Increasing

Some time ago, I mentioned that P2P lending investors should no longer believe that a peer to peer lending loan to federal or state government employee is a “sure thing” or that government employees can never be laid off. Since then, lots of supporting evidence has manifested. Not only from state governments eying bankruptcy court […]

17 January 2011

Financial Reformation: Banks, Brokers & Middlemen No More?

In an older post that made the rounds with the entrepreneurial and innovation crowd, I touched upon the idea that the Internet is making middlemen obsolete. This isn’t a novel concept, but if you’re in a business where you’re acting as an intermediary — a centralized position where you purposely keep your customers away from […]

30 December 2010

Lending Club Update: Earning 15.6% NAR on P2P Lending Investments

~ ~ ~ April 2011 Update: Shutting Down My Lending Club Investments over Q&A Change ~ ~ ~   My Lending Club investment portfolio is continuing to look fairly impressive as we close the books on 2010. Summary Net Annual Return is up to 15.64% NAR. My highest observed NAR was 15.69%, but as of today, I’m […]

27 November 2010

Just When Credit Card Companies Thought Debtor Anger Had Subsided

Think debtor and consumer anger over extremely high credit card interest rates has abated? Think again… It must really suck to work for credit card companies like JP Morgan Chase, CitiBank, or Bank of America, when customers are leaving one of your cash cow businesses because management can no longer offer competitive interest rates. Or […]

10 November 2010

How to Fill Out a Lending Club Loan Application to Attract Investors

As a Lending Club investor for around 18 months now, I still find it surprising that a small percentage of loan applicants fail to give even the most basic of information in their loan description. To me, the P2P lending investor, it makes perfect sense to give as much information as possible (without compromising your […]

4 October 2010

Peer To Peer Lending Popularity Continues with ‘The Simpsons’ Appearance

Could all it take for Peer-to-Peer Lending to go full tilt mainstream is a big mention on a major network TV program with a huge cult following? Could be! Last night’s episode of The Simpsons entitled “Loan-A-Lisa” explored the basic concepts of microfinance and how everyday investors, like you and I, can lend to entrepreneurs […]

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