Peer-to-peer lending (P2P) is a great addition to your investment portfolio with added diversification and monthly fixed-income. In Canada, the peer-to-peer lending leader is Lending Loop. Wealthica now allows you to consolidate your Lending Loop Returns and Performance with your full investment portfolio. Let’s explore how Wealthica can help you track your Lending Loop returns.
Lending Loop offers a great way to diversify and strengthen your portfolio alongside traditional investments like bonds and equity. The company connects investors with established Canadian businesses who are looking for financing. Every month, investors will receive distributions from businesses paying back their principal and interest.
Wealthica allows you to instantly connect Lending Loop with 100+ Canadian financial institutions to see all your investments in one place and find your portfolio analysis super powers.
You have an account at a robo-advisor, your brokerage account at Questrade or Wealthsimple Trade, a traditional investing account with your bank and now Lending Loop! It can be a nightmare to track everything separately.
That’s where Wealthica comes into play. ?♀️
Simply connect Lending Loop and all your banking and investment accounts to Wealthica to get a full view of your financial picture and easily compare the performance of your different investment portfolios.
On Lending Loop’s Reddit, some users note that it’s not easy to calculate their actual return.
Other users quickly suggest Wealthica as a great way to record and aggregate your Lending Loop transactions and generate a performance chart and track your Lending Loop returns.
Wealthica can help you better visualize the performance of your investment.
You can also keep track of all transactions and see key data such as actual returns through your Lending Loop account summary on Wealthica.
Simply choose Lending Loop from the “Add Institution” flow.
Lending Loop doesn’t provide an API so you will need to provide your Lending Loop login credentials to sync your data. You can learn more about how Wealthica connects to your financial institutions on the Is Wealthica Secure? page.
Once the account has been added, you’ll be able to track your investment portfolio’s aggregate performance with Lending Loop included. You can also view the individual account performance and other data that can help you make more insightful investment decisions.
The following Lending Loop features are supported by Wealthica :
Exporting your Lending Loop transactions to a Google Spreadsheet is possible using the Spreadsheet Export Add-On available within Wealthica. You can either choose to export only transactions from Lending Loop or generate a consolidated spreadsheet with transactions from all the financial institutions that are connected to your Wealthica account.
Wealthica can help you :
Connect Lending Loop with the financial institutions you use every day