Is investing in Lending Club worth it?

0 votes
asked Nov 14, 2019 in Investing by Ultretocami (380 points)
Is investing in Lending Club worth it?

1 Answer

0 votes
answered Nov 16, 2019 by Essmann (42,860 points)
Yes investing in Lending Club is worth it in my opinion.

I've invested in Lending Club a few years ago and have made some decent money off the interest and investment and if you have at least $1,000.00 to invest into Lending Club then you should do so.

I make more from Lending Club Investing through interest than I do on a regular savings account although I have a savings account that I put money into monthly.

I also have money invested in Lending Club and I believe it will make a nice retirement fund when I get to retirement which is around 30 years away.

It's good to have investments so that you have income in later years especially when you're unable to work a job or when you get to retirement.

Although you might have social security income that amount of money is not much and really not enough to survive on or have any fun with.

So it's best to have savings as well as investments so that you have enough money through retirement or in the event you have a job loss etc.

98,443 questions

94,733 answers

1,270 comments

6,992,486 users

...