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re: Lending Club Strategies
Posted on 3/25/15 at 1:48 pm to TheHiddenFlask
Posted on 3/25/15 at 1:48 pm to TheHiddenFlask
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
Posted on 3/25/15 at 2:06 pm to TJG210
A's aren't worth the trouble. The rates are way too low. B's have been over targeted recently because they are the "safest" with a real return. C's and D's (particularly D's) are being skipped over by both the safety seekers and the yield pigs. Fs and Gs are complete crapshoots, but even with the high rate, don't sufficiently reward you for the drastic decrease in credit quality. That means the yield pigs are in E's which has pinched the available supply. Going from C to E gives you less than a 1% increase in expected return.
I generally find it difficult to determine the difference between C's and D's by just looking at the credit metrics, which is why I lump them together.
I generally find it difficult to determine the difference between C's and D's by just looking at the credit metrics, which is why I lump them together.
Posted on 3/25/15 at 5:55 pm to TJG210
I am getting 10%, however I have been able to get into 102 new loans in the past 3 months off of returns, that gives me a compounded return of 27%
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