Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

For investing IRA funds which one is better..LendingClub.com or Prosper.com

Hello,

Any one invested in Prosper.com or Lendingclub.com?

Kindly share your opionions.
thanks

Comments

  • edited November 2015
    As much as I like alternative assets, I've never found LC compelling. I have occasionally "loaned" via Kiva, but that offers no interest.
  • Here is a good headline and an accompanying article about the new S E C rules
    YOU TOO CAN NOW INVEST IN STARTUPS! WHAT COULD GO WRONG?
    JULIA GREENBERG BUSINESS DATE OF PUBLICATION: 11.01.15..wired.com
    Risks, Rewards, Returns
    The Securities and Exchange Commission voted this past week to approve so-called equity crowdfunding rules for investors
    All of which is pretty exciting. Startups like Pebble and Oculus Rift have been able to succeed with the help of crowdfunding from sites like Kickstarter. . For new startup investors, however, the best plan is to take it slow. Oculus and Pebble are the anomaly, not the norm.

    'It's the law of startups—mathematically the most likely exit for a startup is failure.'
    “Even if you’re truly invested in investing in a startup, the odds are against you,” Swart says. .”
    While individual angel investors and venture capitalists have been able to reap millions of dollars from smart investments, they don’t only invest in one or two startups—they invest in many, knowing most will fail and hoping that one hits it big. They also have experience, industry expertise, research, and money—all things that a regular person might not have when looking at a new equity crowdfunding platform. Education about what investing in early stage startups really means is crucial.

    “It’s like the new lottery,” says Southwestern Law School professor Michael Dorff. “There are very few Peter Thiels in the world. It’s like asking, ‘Why can’t I be Warren Buffett?’ There are a lot of smart people trying to be Warren Buffet or Peter Thiel. Your odds are slim even with the experience, expertise, and education.
    http://www.wired.com/2015/11/you-too-can-now-invest-in-startups-what-could-go-wrong/
  • Crowdfunding for everyone. Pretty exciting, thinks wired.com. So now you and grandma can invest in startups.
    http://fortune.com/2015/10/30/its-official-startups-can-soon-raise-money-from-your-grandma/
    There will be some income limitations, and platforms set up by issuers to handle the investment can be held legally liable for issuer fraud against investors. Beyond that, however, not all issuers will be required to undergo and disclose an audited financial review, and I suspect you'll be on your own.

    http://www.howardlindzon.com/crowdability-the-sec-approves-equity-crowdfunding/
    "The media will tell you your Grandma is about to get gutted by hucksters.
    She might.
    But she was also getting pitched 3D printing stocks and the safety oil income trusts a few years back by her ‘registered’ financial advisor."

    @bnath001 Are you a rational person? If so, then Jeffrey Carter believes in you, because he's "a huge fan of individual liberty." He'd tell you to go for it--- the Full Monty!:)
    http://pointsandfigures.com/2015/11/01/sec-approves-crowdfunding-for-everyone/
Sign In or Register to comment.