Referral Link: Here is the link (You will get a 1% bump on your investments), I will, as well for referring you: Click Here
I started with PeerStret in September of 2016. I have no complaints and I am happy and satisfied with my investment of total $22k. I started slowly, just to be safe: September 2016 – $1,000, October 2016 – $1,000, February 2017 – $11,000, May 2017 – $4,000, June 2017 – $3,900, and July 2017 – $852.
Active investments: 22 at $1,000 each earning between 7.00% and 10.00%. 7 of the investments have been paid off. I have no defaults, some loans are late but then the late ones get paid off. Interest income gets deposited on the 1st and 15th of every month.
Paid off investments: No defaults, some loans are late but then the late ones get paid off with accrued
. Interest income gets deposited on the 1st and 15th of every month.
Defaults: Zero (none) – no default Interest income gets deposited on the 1st and 15th of every month.
Total Interest earned: $731.02 (as of October 11, 2017).
Auto Investing – Criteria: Interest Rate: 8%+, Loan-to-Value: up to 70%, Loan-Term: Up to 12.
Investing in the future: Yes. Not sure right now what amount I want to invest. I want to be at a level that creates meaningful income somewhere around $1,000 a month. This would require for me to invest $150,000 ( $1,000.00/.08 = $12,500 * 12)
Areas of improvement for PeerStret.com – I can only think of only one area of improvement: Auto Investing (needs improvement) – I would like PeerStreet to allow investors to chose which part of the the country to invest their money into. For example, I don’t like overheated markets, i.e. CA, but I would like put money into NY. I don’t have this option. I understand that I can do manually but honestly who wants to sit there and wait for loans to populate on the website. I have learned through that automatic investment fills the loans prior of posting on their website.
is a good investment and I recommend it.