I've started putting more and more money into lendingclub. The returns have been great and you can scale how much you put in slowly. Would definitely suggest checking it out.
Too bad there isn't a similar service here in Uruguay, it would absolutely kill the competition - OTOH credit risk and regulations are both a lot harder here, that's why lenders can get away with 43% annnual interest rates, which after inflation and costs mean they're getting at least 20% return on their money (I used to work for Equifax Uruguay, and they were doing extremely well).
Lending Club offers 9% according to that article, but it's lower risk.
I would suggest investing in Uruguay, but investing abroad is not for everyone, and most likely not for someone in his mid-twenties.
Angel investment or venture capital or soft loans for startups in Uruguay / Argentina would be very welcome, though :) and I'm pretty sure there's a good opportunity there.
Here's an article on Mint.com which educated me on its existence:
http://www.mint.com/blog/investing/should-you-take-the-plung...
Too bad there isn't a similar service here in Uruguay, it would absolutely kill the competition - OTOH credit risk and regulations are both a lot harder here, that's why lenders can get away with 43% annnual interest rates, which after inflation and costs mean they're getting at least 20% return on their money (I used to work for Equifax Uruguay, and they were doing extremely well).
Lending Club offers 9% according to that article, but it's lower risk.
I would suggest investing in Uruguay, but investing abroad is not for everyone, and most likely not for someone in his mid-twenties.
Angel investment or venture capital or soft loans for startups in Uruguay / Argentina would be very welcome, though :) and I'm pretty sure there's a good opportunity there.