- 99.95$ Rosetta Stone - Learn German (Level 1, 2, 3, 4 & 5 Set) MAC cheap oem
- Buy OEM Ableton Suite 8
- Buy Cheap Lynda.com - Objective-C Essential Training
- Download Autodesk AutoSketch 9
- Download Adobe Creative Suite 4 Design Premium MAC
- Buy OEM ESRI ArcGIS for Desktop 10.2
- Download Adobe InCopy CC (Full LifeTime License)
- Buy Project 2010 For Dummies (en)
- 9.95$ Lynda.com - Up and Running with Bootstrap cheap oem
- Buy OEM Adobe Creative Suite 5 Bible
- Buy Windows 8: The Missing Manual (en)
- Buy OEM Alibre Design Expert 2012 (32-bit)
|3 Tips for Low, Middle & High Net Worth Peer-to-Peer Investors|
|News Releases - Business & Economy|
|Written by Ginny Grimsley|
|Tuesday, 24 June 2014 14:50|
‘You Need to Learn Enough to be Dangerous,’ says P2P Pioneer
After the economy crashed in December 2007, nascent online peer-to-peer lending platforms quickly grew. They’ve since evolved into an increasingly popular investment alternative to Wall Street and other traditional options.
Peer-to-peer lending isn’t new and it’s no passing fad, says P2P pioneer Brendan Ross, president of Direct Lending Investments LLC, (www.dirlend.com), which runs a short-term, high-yield small business loan fund.
“It’s a rebirth of the simplest and oldest way of making money: one individual loaning money to another and getting paid back with interest,” Ross says.
What makes this new incarnation different is accessibility.
“Online lenders like IOU-Central and Prosper.com make it easy for prospective lenders to find and fund borrowers through a website,” Ross says. “These platforms have automated the underwriting process, including checking credit and looking at applicants’ bank accounts, so they can vet borrowers based on reliable information.”
Each online lending platform operates differently, but all vet applicants. The lender posts qualifying requests on its website, and private investors decide which to fund, either in their entirety or in part. At Lending Club, for instance, investors can choose to lend the entire amount requested by a borrower, or as little as $25 to multiple borrowers, which adds protection if one defaults.
Investors can manually choose which loans to fund, or they can ask the platform to choose within certain parameters. Yields on a portfolio of loans can be 10 percent or more, Ross says.
About Brendan Ross
Money manager Brendan Ross is a peer-to-peer lending first adopter who has become an expert in this non-traditional transaction. The president of Direct Lending Investments LLC, (www.dirlend.com), which runs a short-term, high-yield small business loan fund, he previously ran a number of other companies, including ReserveAmerica, the world’s largest outdoor recreation reservation company.
Tags See All Tags