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With stocks looking expensive, this seemed like an attractive place to invest so I opened up a LendingClub account last night. So far, I've only invested ~1/5th of the money I've put in, just because there weren't enough available loans to meet my standards. How often do more come in? I noticed some new ones this morning, so it can't be that infrequently, but are they processed daily in batch? Real-time? Anyone know?
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May 8, 2013 18:17
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| # ¿ Apr 30, 2024 03:56 |
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Thanks, all. I'll keep checking back at the refresh times. I'm not in any hurry to throw my money away, but it's hard to get a feel for what the best notes look like if all the good ones are snatched up before you ever see them.
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May 9, 2013 05:15
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At least with LC, Google invested in it, giving it a lot more legitimacy in my eyes: http://dealbook.nytimes.com/2013/05/02/google-to-invest-in-lending-club/?_r=0 I'm not saying they're without risk, but I assume that Google Ventures has done their homework well. That said, I'm not putting anything more than "play money" into my LC account.
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Jan 3, 2014 02:08
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