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Learning, Sharing, and Teaching => Investor Alley => Topic started by: zazpowered on February 20, 2018, 01:12:30 PM

Title: ETFs or something else (lending club?) for traditional IRA?
Post by: zazpowered on February 20, 2018, 01:12:30 PM

I have yet to make an IRA contribution for 2017. I'm a little worried about buying ETFs right now since I feel like there could be a crash but I've heard it's not good to time the market. Would something like LendingClub be better? It gets taxed as income but since this is an IRA, I would be fine. I feel like p2p lending would be hit be a downturn as well though. Any suggestions?

Title: Re: ETFs or something else (lending club?) for traditional IRA?
Post by: Yankuba on February 20, 2018, 02:07:03 PM

Lending Club is horrible - stay away. There are two threads about it on this site - check them out

Here is one: https://forum.mrmoneymustache.com/investor-alley/lending-club-time-to-panic

Title: Re: ETFs or something else (lending club?) for traditional IRA?
Post by: zazpowered on February 20, 2018, 02:47:26 PM

Quote from: Yankuba on February 20, 2018, 02:07:03 PM

Lending Club is horrible - stay away. There are two threads about it on this site - check them out

Here is one: https://forum.mrmoneymustache.com/investor-alley/lending-club-time-to-panic

Yeah I was reading that. Will probably rule them out