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re: Lending Club Strategies

Posted on 3/25/15 at 1:42 pm to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 3/25/15 at 1:42 pm to
C and D ratings are the sweet spot for me. The 5 year notes are always disturbing because they are almost always carrying tight debt service.
Posted by TJG210
New Orleans
Member since Aug 2006
28523 posts
Posted on 3/25/15 at 1:48 pm to
quote:

C and D ratings are the sweet spot for me.


Are you looking for anything specific, credit rating, past history?

Do you bail at the first sign of trouble?

quote:

What type of return are ya'll finding on this site?


Most of the folks I've seen talk about this are getting around 8-10%. I think right now, I'm at about 8.75%.....though my sample size is hardly a good indicator of what it will be over the long run.
You do have to remember on top of what you get, you need to pay the site commission, and then pay the standard capital gains rate to the IRS.
This post was edited on 3/25/15 at 1:51 pm
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