For example, when signing up for such a service, you might take a questionnaire to determine your risk tolerance level or investment goals. Robo-advisors are investment companies who create automated software designed to manage portfolios based on certain criteria. If you're not very skilled at investing on your own and you're hesitant to loan money out to particular people online, you might consider hiring a robo-advisor. 3. Have a popular robo-advisor manage your money.

Some notes are riskier to invest in than others, and thankfully, you can see this information at Lending Club's website. Tip: Like any investment, make sure you choose notes that reflect your tolerance for risk. Alternatively, you can manually invest by browsing available loans and picking the ones you like. Lending Club is one such peer-to-peer lending service I tried out, and I found it to be very easy to use and reliable (see my Lending Club review).Īs an investor with Lending Club, you can invest automatically using investment criteria. Peer-to-peer lending is the practice of lending to borrowers through an online service whose goal it is to bring borrowers and lenders together. If you want to invest into the lives of others and earn some interest, there's a new craze that's both exciting and reasonable: peer-to-peer lending. 2. Lend to those in need and earn some interest. ETFs are known for their lows costs and diversification benefits. Tip: If you're going to be picking investments yourself using your $1,000, you might want to pick out some exchange-traded funds ( ETFs).

Mac stand 1000 dollars