Is Lending Club More Risky Than the Stock Market?
I’m a little worried about investing in anything, period right now because the first time I did…when I finally took the plunge…I cashed out the stock after making a 100% return. I put it into another stock that I know within the next year or so will do the same thing.
Because, in my opinion, we’re going into a place where it’s going to be difficult to pick losers in the market. Simply because homes will be built again, the world will turn and no matter how poor any of us are, the sun will come up tomorrow.
I need to do an interview with a stock expert, I think. I hear pundits and read blogs about finances and the stock market and I just don’t understand. Unless you go into futures or weird crap like commodities, you can’t lose more than you put in – there aren’t any S&P500 thugs that come to your house with brass knuckles because you bought stock in a company that went out of business.
Hmmm…I wonder if there are any stock experts that talk to mommybloggers. Even though I don’t know if I’m a mommyblogger in anything but name only since my focuses are mostly on business growth, debt elimination, and investing. That’s not very mommyblog of me, is it? Except I am a mom that happens to blog.
But back to Lending Club…
One of my favorite charities is ModestNeeds.org – it’s a place that gives microloans to people that have (you guessed it) modest needs. A guy who needs his alternator fixed or he can’t drive to work – that sort of thing.
Lending Club works on kind of the same premise, except you don’t have to be totally philanthropic about it. Because you get a return on your investment of 9%-16%-ish … unless you don’t get paid back at all, in which case you lost your money.
Kind of like if a business goes out of business that you bought stock in.
So I’m not sure which way to go on this one. Any stock experts out there willing to help out a marketer-mom with a knack for picking decent stocks?
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