Quote Originally Posted by sean bash View Post
After now having invested money into loans on lending club, In my personal opinion I can't see the p2p aspect going away. Syndicating in their deals is super addicting and you can literally put a minimum of $25 into a deal so it's easy to bring the smallest of investors in. Also you can set up an IRA there or move your existing one to them and make an retirement fund out of syndicated loans. They've got a good thing going.
move over IRA? That is dangerous territory.

Sounds wonderful...until you have a couple defaults. Then these investors are all of a sudden ignorant, unsophisticated and were tricked. Try telling FINRA in an arbitration that investing retirement funds into a deal where merchant has 500 credit, 10 NSF's and a lien was a sound, responsible & suitable investment.