As an investor at Lending Club, and a resident of the great state of Michigan, I currently have only one of two options available to me for how I am able to obtain notes. I must purchase notes via the note trading platform by Foliofn, which is the secondary market used by Lending Club, for trading peer to peer (P2P) notes. The other option is to fund notes directly through the more common retail platform, which is not currently available to investors in all 50 states. The difference between these two options is basically this – the retail platform is for notes that are not yet fully funded or acitve and the note trading platform consists of notes (or loans) that already exist and are active. After reading through several blog posts and blog comments, I am finding that a lot of people prefer the retail platform and feel that the secondary note trading platform by Foliofn is inferior. I am the exact opposite. Although I am not able, or even allowed (currently), to take part in the retail platform – I actually think I like the note trading platform better. Only three months in to my Lending Club investing experiment, and I’ve been able to maintain a Net Annualized Return of over 22%!