Do any of you have any experience with the Lending Club as INVESTORS/
I am thinking of making an investment..
Tks in advance,
Chris
Lending Club
Re: Lending Club
Earlier post addresses some major problems (like hedge funds getting involved)
with lending club(s)
http://www.bogleheads.org/forum/viewtop ... 0&t=122054
with lending club(s)
http://www.bogleheads.org/forum/viewtop ... 0&t=122054
Re: Lending Club
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
Those results may no longer apply. A post earlier this year.
http://www.bogleheads.org/forum/viewtop ... 0&t=112437
Re: Lending Club
A comprehensive discussion is here: Google Invests $125 Million in Lending Club
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Re: Lending Club
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.
Re: Lending Club
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!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.
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