One of the corners of personal finance that I don’t often tread is the world of peer to peer investing. As a resident of Maryland, I can’t invest in notes at places like Lending Club and Prosper unless I purchase them on the secondary market, through one of their marketplaces. That simply isn’t all that appealing to me, it’s like buying notes that someone has decided they no longer want (that may be drastic but it’s the truth – someone wants out, do I want to offer up the lifeline?).
As a result, I haven’t been following the evolution and maturation of peer to peer investing as I probably would’ve been had I been more closely involved. So when I met up with the folks at Lending Club during FINCON, I was surprised to learn that there are other options for investors who would like to be involved but can’t due to residency.
Lending Club now offers (but doesn’t advertise it for obvious reasons) a few options for accredited investors and qualified purchasers. If you heard about Peter Thomson’s Thomvest investing in a fund at LendingClub, he was increasing his stake in one of the company’s hedge funds.
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