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re: Lending Club Strategies

Posted on 4/29/15 at 4:42 pm to
Posted by bayoubengals88
LA
Member since Sep 2007
19263 posts
Posted on 4/29/15 at 4:42 pm to
So what's everyone's long term goal with Lending Club?

Is this something that you'd like to have upwards of $50,000 in?
Posted by Teddy Ruxpin
Member since Oct 2006
39646 posts
Posted on 4/29/15 at 4:49 pm to
I know some prefer to IRA their lending club, but as of now I have it as taxable. I'd like to have to where it generates at least a few hundred a month in extra passive income. So I suppose something along your number is what I'm aiming for.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73739 posts
Posted on 6/30/15 at 2:12 pm to
Nope. I'm almost done cashing out. Few more loans and I'm done with it. Private lending secured with real estate is much better. But I had to give lending club a shot. It was ok but there are far better investments out there. Yes I was diversified through all credit types.
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