MTI038: Investing in P2P Loans with Simon Cunningham

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 22 May 2015

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

P2P loans offer an interesting investing opportunity. There is the potential for diversification and reasonably good returns. We talk with Simon Cunningham from LendingMemo.com about what types of P2P loans are ideal for investing, as well as what to look

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.7	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.8	Welcome to this week's episode of the Money Tree podcast.
0:16.0	This week we have Simon Cunningham from LendingMemo.com. It's a site about P2P lending. Welcome to the show.
0:24.7	Thank you. Thanks for having me. We talked about P2P lending on our podcast in the past, but one of the things that we didn't really get into is some of the other, we've talked about lending club and prosper, but what are some of
0:39.2	the other opportunities out there for P2P lending? I know there's more than just lending club and
0:44.2	prosper. Yeah, so that's a really interesting question. The fact the matter is there isn't.
0:49.4	Really? Yeah, so basically there's like lots and lots and lots and lots of online lenders, but it's actually from a legal standpoint, very difficult for these platforms to get approval from the SEC to offer their product to unaccredited, small dollar retail like you and me.
1:04.9	Well, I don't know if you are a small dollar retail.
1:07.7	So it's actually really hard for people to, for them to get kind of
1:12.8	legal oversight to be able to offer these things. And so Lending Club and Prosper are the only two
1:17.5	in the United States that can offer online lending to unaccredited retail investors.
1:23.1	Okay. So where do sites like Kiva fit into?
1:30.6	So Kiva definitely is not an investment, right? Like you have, you have it, it's got kind of an more altruistic point of view, but it wouldn't,
1:36.5	you would never like consider Kiva to be part of your IRA.
1:39.7	Okay.
1:40.3	So let's, let's dive into that a little bit.
1:42.8	Let's talk about the difference between just making P2P loans and these types of P2P loans that you can use in, like, say, your IRA, that you would consider an investment.
1:53.4	What's the difference?
1:54.3	So I'm not super associated with Kiva's product because, I mean, you know, it's went inside of the kind of investing world.
2:02.5	I don't think people consider Kiva like a serious investment.
2:06.2	Is that fair to say?
	...

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