Lux Investing

Where can I loan a small amount of money for a short term to help teach my daughter about investing?

I've heard of websites that list requests for loans from people that have been rated based on their credit score. Any help would be appreciated.

Public Comments

1. You can teach your daughter about investing without taking out a loan.
2. You're thinking of Lending Club. If your credit score is high enough, you can get a loan from them. Or, if you sign up with a referral link (any current member has one they can send you), you can become a lender and they give you a $50 bonus to start lending with, so you don't even have to put in any of your own money right away. That might be a way to teach your daughter about investing. Since you only have to put $25 into a loan to get started, you could have her pick out two loans and watch to see what happens with the $50. But you'll need a referral link to get the $50 bonus.
3. Use your own money? You don't need a huge amount to teach her about investing. Heck, you only need maybe a dollar. Prosper is not accepting loan requests or lenders since October. Lending Club is one I know of, but, for the exercise you want, just do this *in house*. I am not sure why you want to involve a 3rd party.
4. I don' think you should teach you daughter how to invest if you don't have money, so many news about the investor committed suicide because they borrow money to invest (margin trade), if you loose, can you or how you gonna come up with the money to pay back, did you have any answer for this question? Stock market today is so unpredictable, big bank, small bank, and how about the investor firm also went down, if she wants to learn how the stock perform, she can create her portfolio or stock watch from yahoo finance, and study what is P/E means, which company pay dividend, why stock split and so on..
5. here are some tips for a better credit score:http://www.answerfinder.info/2009/03/how-to-improves-your-credit-rating.html
6. Introduce her to a bank officer and open a savings account in her name with you as the custodian. Have her deposit a portion of her allowance into that account on a weekly basis. Have her make a list of stuff that she spent with the remainder of the allowance. At the end of the year see which she would rather have... all the garbage that she bought that is either out of style, size, or order and compare it to her savings account balance. Pretty powerful tool, those savings accounts... I've found some good sources here... http://loan.dealsthisway.com/ Good Luck.