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re: Lending Club Strategies

Posted on 12/14/15 at 2:23 pm to
Posted by Teddy Ruxpin
Member since Oct 2006
39646 posts
Posted on 12/14/15 at 2:23 pm to
I'm still doing it. $25 a week. Got a little over $1,000 in and 47 notes, so I'm not at that 200 note full diversification level yet.

Shade under 7% return because one note is well over 30 days past due. Dude took out 30k and hasn't made a payment yet.

Just fun money.
This post was edited on 12/14/15 at 2:24 pm
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12581 posts
Posted on 12/14/15 at 2:31 pm to
I keep wanting to try it, but just don't know much about it how how to set it up. Do you know the minimum deposit?
Posted by secondandshort
Member since Jan 2014
1028 posts
Posted on 12/14/15 at 6:35 pm to
I'm almost exactly half of where you are. I put in 500 and have about 24 notes at this time. Every time I get 25 paid back I buy another note. So far I'm averaging 11% but I've only been doing it for a little under a year. I've been super lucky with 0 late notes. I stay with mostly B's few C's and few A's. Threw in a D the other day for fun.
Posted by tes fou
Member since Feb 2014
839 posts
Posted on 12/15/15 at 8:42 am to
quote:

Shade under 7% return because one note is well over 30 days past due. Dude took out 30k and hasn't made a payment yet


Hope his name isn't Farook!
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