Lending Club

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chrisjul
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Joined: Sun Jan 06, 2008 2:15 pm

Lending Club

Post by chrisjul »

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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Re: Lending Club

Post by Rob5TCP »

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

http://www.bogleheads.org/forum/viewtop ... 0&t=122054
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Rob5TCP
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Re: Lending Club

Post by Rob5TCP »

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

http://www.bogleheads.org/forum/viewtop ... 0&t=112437
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LadyGeek
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Re: Lending Club

Post by LadyGeek »

A comprehensive discussion is here: Google Invests $125 Million in Lending Club
Wiki 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
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Re: Lending Club

Post by jdilla1107 »

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

Post by dhodson »

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sperry8
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Re: Lending Club

Post by sperry8 »

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!
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