Lending Club

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chrisjul
Posts: 81
Joined: Sun Jan 06, 2008 3:15 pm

Lending Club

Postby chrisjul » Sun Sep 01, 2013 9:43 am

Do any of you have any experience with the Lending Club as INVESTORS/

I am thinking of making an investment..

Tks in advance,

Chris

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Rob5TCP
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Location: New York, NY

Re: Lending Club

Postby Rob5TCP » Sun Sep 01, 2013 9:55 am

Earlier post addresses some major problems (like hedge funds getting involved)
with lending club(s)

viewtopic.php?f=10&t=122054

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Rob5TCP
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Location: New York, NY

Re: Lending Club

Postby Rob5TCP » Sun Sep 01, 2013 9:57 am

Earlier studies (before large purchasers got involved) showed positive results for investors.
Those results may no longer apply. A post earlier this year.

viewtopic.php?f=10&t=112437

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LadyGeek
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Re: Lending Club

Postby LadyGeek » Sun Sep 01, 2013 10:54 am

A comprehensive discussion is here: Google Invests $125 Million in Lending Club
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

jdilla1107
Posts: 473
Joined: Sun Jun 24, 2012 8:31 pm

Re: Lending Club

Postby jdilla1107 » Mon Sep 02, 2013 10:04 am

The most annoying thing about lending club is that you have to micro manage the account. You constantly have money coming out of the investments due to early pay off, interest, or initial investments that didn't close. This is fun for the first few months, but is now getting very old. I'm winding down my account.

dhodson
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Re: Lending Club

Postby dhodson » Mon Sep 02, 2013 10:21 am


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sperry8
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Re: Lending Club

Postby sperry8 » Mon Sep 02, 2013 1:57 pm

jdilla1107 wrote:The most annoying thing about lending club is that you have to micro manage the account. You constantly have money coming out of the investments due to early pay off, interest, or initial investments that didn't close. This is fun for the first few months, but is now getting very old. I'm winding down my account.


Ahhh, makes sense. I was going to put some play money in it to see if I could generate increased returns (over cash/cd amounts). But I certainly don't want an annoying hobby. I already see myself as tired as you - and haven't even started yet. I can barely keep up with my little Kiva donations!
Certainty is a requirement of ignorance.


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