This week, I’ll celebrate my birthday. It will likely be a low-key affair — I’m a bit too old for big parties or being showered with gifts.
But I don’t mind. Because I’ve already gotten the best birthday present I could ask for.
Earlier this month, Maryland — my home state — finally joined the future of banking and allowed citizens to invest through Lending Club.
That makes 45 states and the District of Columbia where residents can invest in loans through Lending Club. If you include Prosper — another online portal for investors to lend directly to borrowers — nearly every American now can take over the role, and the profits, of a bank.
And if you live in another country, odds are extremely good that there’s an option in your area as well. In fact, Europe’s peer-to-peer marketplace is even deeper. And Canada has a network just as extensive.
Peer-to-peer lending is one of my favorite passive income vehicles. And it’s not hard to see why. Just take a look at what my publisher, Doug Hill, has been making on his investments through Lending Club:
He’s not just beating rates you can get elsewhere — be they savings accounts, money market accounts, or even most mutual and hedge funds.
He’s also doing it with a remarkable degree of safety. In fact, to date, Doug hasn’t seen a single default in his portfolio. And even though he invested in 36- and 60-month loans just a few months ago, one of his borrowers has already paid off the loan in full.
Will every single borrower make good on his or her loan? Of course not — whether you’re talking about regular bank loans or peer-to-peer lending, there will always be some who default.
But on balance, you’re going to do extremely well acting as the lender. There’s a reason that banks are some of the wealthiest institutions in the world.
This is your chance to cut out the middleman and be the bank yourself. And you can start for as little as $25.
Now that Maryland has caught up with the rest of the world, I know I’m going to take advantage. Last week, I opened up my own account, and I’m transferring money into it right now.
If you haven’t done so yet, I highly recommend you act now. If you need a refresher, you can find our newsletter about peer-to-peer lending here — along with plenty of other ideas from the new sharing economy.
It’s nearly impossible to find this sort of return — with this sort of safety — anywhere else.
But it’s always my mission to find safe, outsized returns outside the well-worn paths of the mainstream.
And peer-to-peer lending is just one example.
Have You Heard of Kaskaskia Certificates?
In fact, I’m extremely excited today. That’s because it’s about to become much easier for you to participate in another one of the best passive income ideas I’ve presented you over the past year.
I don’t want to say too much quite yet — because my team is still working on the details for this new project.
It’s one that can deliver you gains as high as 18% in a day.
I know. Because I’ve spent many, many hours over the past few months talking with one of the experts in this field. A man that has used this investment — which he calls Kaskaskia Certificates — to finance vacations, buy second homes, and even pay for his children’s education.
Right now we’re putting together a product that will make this passive income so easy to collect my 5-year-old niece could pull it off.
I’ll tell you more as we get closer to launch. But for now, keep in mind — there’s no need to brave the choppy markets today. And there’s no need to “enjoy” zero — or negative! — interest rates in poor-performing government bonds.
Indeed — this passive income investment is safer than bonds. And brings you returns that could even embarrass bull markets. And you really only need about an hour a month to activate this income stream.
Needless to say, I’m excited.
Between this investment and the worry-free gains you can enjoy in peer-to-peer lending, I’m making sure that you have plenty of ways to make solid, secure double-digit returns no matter what happens in the markets.
I don’t trust the markets today. I’d much rather invest my cash in proven moneymakers, like peer-to-peer lending and Kaskaskia Certificates.
And — especially until the markets stabilize — you should do the same.
Editor, Unconventional Wealth
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