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re: Lending Club Question
Posted on 12/22/15 at 9:47 pm to TheHiddenFlask
Posted on 12/22/15 at 9:47 pm to TheHiddenFlask
Understood, but if you invest solely in the lower grade of notes then you will probably have a higher amount of write offs than in a normal account.
I've been involved for roughly a year and have only have had 1 note written off, but I'm probably 30%A, 40%B, 20%C, 10%D
I've been involved for roughly a year and have only have had 1 note written off, but I'm probably 30%A, 40%B, 20%C, 10%D
1
Posted on 12/27/15 at 9:16 am to TJG210
quote:
ower grade of notes then you will probably have a higher amount of write offs
yep. I've done it. LC is ok but private lending secured by RE is much better returns with less headache.
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