A Beginner’s Guide to Lending Club for Investors

Watching and reading accounts of more and more people who have achieved great returns with Lending Club, a peer to peer lending platform, may have sparked your interest as well, especially since it offers regular people without any financial background to step on the investment scene and try their luck. While it is easy to find review of lending club find review of lending club</a>, make sure that what you are reading is a first person account instead of a sponsored publication as you want to get a realistic view of it is really like to play investor on a P2P lending platform.

Before you start on your own Lending Club investment journey, make sure you understand the following points or look for further information on each topic.

  • Charges – Although Lender Club is completely transparent and there are no upfront fees for joining, the company itself needs to somehow make money. They do so by charging a 1% fee of each transaction when you buy a loan note. In addition, every time you decide to trade your pre-mature notes, you are charged an additional 1% of the deal.
  • Cash – Keep in mind that due to payment processing and money transfer, you should allow at least a week for the cash from any transaction to reach your bank account.
  • Reinvestment – You can’t simply invest some money in a bunch of loans and forget about your account, while waiting for a consistent income flow to your bank account. Loans get terminated or paid off early on a regular basis, so you need to keep a close eye on your portfolio and keep reinvesting your proceeds to ensure good returns.
  • Default – As much as Lending Club are doing their best to ensure that borrowers are trustworthy, there is always a chance for a borrower to default on his or her loan. You should take this into account when compiling your investment portfolio.
  • Risk – Loan listings are assigned a grade (A to G), based on the credibility of the borrower. While lower grade loans come with significantly higher interest rates, and therefore bear a higher possibility for good returns, you shouldn’t accumulate a portfolio of purely risky loans. It is important to be able to efficiently diversify your notes and have a high number of investments (at least 200 notes) to be able to effectively offset any potential losses.
  • Reason vs. emotion – Since every loan listing comes along with a story of why the borrower needs the money, it is easy for some investors to get side-tracked by a compelling story and decide that a loan is worth investing in based purely on emotion. Don’t make this common mistake. While the background stories humanize the entire lending process, this is not crowdfunding or charity and you need to be able to take a long hard look at the borrower’s ability to repay the loan. In any case, for investment purposes it is always better to stick to numbers to ensure that you are making reasonable and not emotional decisions.


Become Irreplaceable

Have you ever wondered how it would feel like to be the one person your boss would hate to lose the most? There are a lot of replaceable employees, counting up to more than 75% of the workforce and because of this figure, the irreplaceable employee is very hard to find.

Becoming an irreplaceable employee has a lot of perks like bonuses, higher salary and even promotion. Employees are one of the company’s greatest assets because without employees, the company would cease to operate and without operating, there will be no income. By trying to become a great asset or an irreplaceable employee, you increase the security of your job and create a better opportunity for yourself.

Here are our site that can help you, Maureen O’Connell Scholastic review and a few tips that may help you become irreplaceable.

1. Hard work

This is not uncommon and we have heard a lot from doing hard work over the years. In fact, when you were first interviewed for a position in the company, the employer would often ask you about your work ethics and was probably assessing you if you are capable of doing hard work. Hard work in a company never goes unnoticed and doing hard work will always pay off.

2. Let them know your value.

Don’t just talk the talk but walk the walk. You have got to do more than just talking; you need to put some work into your goal to become an irreplaceable employee. Let your boss know about your accomplishments. Try keeping track of the things that may be seen as accomplishments in your current position.

3. be flexible.

An irreplaceable employee is also a flexible employee. You should be able to mix well with others both from inside the office and outside. Be ready to do tasks that are not under your scope and be sure to do them efficiently. What sets an irreplaceable employee apart is that he knows what to do even if it’s not within his scope anymore.

4. Be an expert at your field.

Aside from being flexible, you should also be able to master your job. At the start, your work may have felt weird and hard but as time passes by you will realize that the things you do soon become second nature. Pay attention to your job and find ways to improve them. Develop your skills and gain more experience. Going to a class or seminar about your field of expertise won’t hurt and will be of good use for you.

5. Be a good example.

Don’t just work hard for yourself, work hard so that others may follow into your footsteps. Don’t be the boastful employee, but rather be the example. Be someone that others would look up to. Make it a goal to become the best employee that the company has ever had. You would know if you were a great employee because not only will your boss love you but your fellow employees as well. Be the person that you would love to work with an not someone you would dread to see every day.


Proofreading Emails The Proper Way

All that you have written has to be proofread and even short emails should also be included. This is to avoid any careless error you when sending out emails. There are many common mistakes people do just by sending emails and to avoid them, you should proofread your messages. Here are a few tips to lessen the errors in your emails.

1. Names
A person’s name is very personal and very important to them that is why you should double or triple check the spelling. They will appreciate it if you get to spell their name correctly because even the same name has different versions when it comes to its spelling. You should also take note of any abbreviations that organizations used and only use them if they are also recognized by the company as their own abbreviation for their name.

2. Time and Dates
To make sure about the date, take a look at your calendar. Your computer can be automatically sync to program the time and date it is depending on your location. In addition to this, time and dates that you set for future meetings or conferences should also be checked. Identify the time zone your recipient is in so that you can sync it with your current time. This prevents confusion that happens with different time zones. You can also just place the time and time zone so that the recipient does not get confused.

3. Hyperlinks
When your email has hyperlinks, you have to be sure to test them and make sure they open in the right page. Your links should also be related to your message and you should not place it there just because you want others to click on it.

4. Read each sentence from the last until you reach the first
Find the last sentence in your message and read it, then go to the second to the last sentence and so on and so forth until you reach the first sentence. In this way, you get to proofread the message, sentence by sentence. You also disconnect the sentences from each other so that you can check if each sentence makes sense on its own. It is also a way for you to focus on each word of each sentence.

5. Double check your attachments
If you have attached any other document to your message, make sure that it is really there. Try to reopen it and make sure you are sending the right one. It would also greatly help if you named your attachments in relation to what it is. Don’t forget to mention the file names of the attachments so that the recipient will know which ones you mean to send to them.

With these tips, you can now proofread your own emails. You won’t really need the help of proofreaders if you follow them. But if you still doubt about the credibility of your work, you can hire others to proofread for you. Make sure that you read proofreaders review so that you will know whom to hire.