Here are some guidelines for all new investors to think about as they take the plunge into p2p lending, these guidelines apply to investors in either Lending Club or Prosper, the two main players in the industry:
- Do you qualify?
- Decide on your risk tolerance.
- The most important word: diversification.
- Start small — but not too small.
- Decide on some simple filters.
- Consider automating your investing.
- Manage your expectations.