http://thelendingmag.com/peer-to-peer-lending/30 Peer-to-Peer Lending Experts Reveal Their Top 3 Investing Tips"If you could only give a novice peer-to-peer lender 3 tips for successful investing, what 3 tips would you give?"#1 Diversify your loans/Spread your money over many loans – 16 votes
#2 Do your homework/research – 12 votes
#3 Invest in an IRA– 5 votes (* this particular tip was strictly from the US experts & applies to US lending only)
#4 A. Reinvest your returns, don't let returns sit idle – tied with 4 votes
B. Use automation to invest/reinvest – tied w/ 4 votes
C. Make loans on various platforms – tied w/ 4 votes
#5 Prepare yourself for limited liquidity – 3 votes
Of course, Peter Renton, is in the list of experts!
I feel dumber for having skimmed that.
Sorry I bothered to post anything on this forum. Won't happen again. I thought it might help beginners and didn't realize it had been posted before. I was hoping it might open an intelligent discussion of differences with the article. I apparently failed at all my good intentions.
I'm just old and jaded, pay no attention. That said, if you're that touchy, tip #0 is "be prepared to accept defaults as just (p)art of the game".
Agreed, automation is great when you get it right. For starters, it doesn't have to cope with the human mind set of the moment, lol.
Yes, I figured LC must not perceive my 1.6% uncommitted cash along with the other caveats of availability, competition, and criteria as needy enough to warrant new notes. That's ok. Means less juggling to not get duplicate or triplicate notes of something that one is bad enough of.
Thanks for the additional reading material!