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In the second episode of the Lend Academy podcast (first episode is here) I am excited to welcome Larry Ludwig of Investor Junkie on to the show. I have been following Larry’s blog ever since I started blogging about p2p lending because he was one of the few people writing about p2p lending when I started.
He provides detailed reviews of Lending Club and Prosper on his site where he shares his investment strategy. In our discussion I wanted to go a bit deeper into his thoughts about the industry. He certainly has some interesting perspectives. Larry is one of the only people I have met who was interested in consumer credit as an asset class before he discovered p2p lending. We talk about that and much more.
Here are some of the topics we covered in this interview:
- Why Larry was interested in investing in consumer credit even before he knew p2p lending existed.
- The mistake he made when he first started investing with Lending Club.
- How his strategy has changed over the years.
- Why he still prefers to invest manually.
- How he has adjusted to the more competitive environment for investors.
- What the Lending Club IPO will mean for investors.
- The main problem with the trading platform.
- Why p2p lending is not really a new industry.
- Why he is not too concerned about the prospect of increasing interest rates.
- Where p2p lending fits into an overall investment portfolio.
- The biggest risk to our p2p lending investments.
- The expectation for his returns going forward.