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Knightmare posted:Is anyone else planning on partaking in the IPO? IPOs especially for startup companies tend to be fools gold. Also it's important to note for Lending Club another weakness is despite the large returns you make less than boring traditional forms of investments such as stocks since it's taxed as ordinary income.
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Dec 13, 2014 16:50
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Lending tree is basically a fun money type investment which not should be used for more than 5% of your total account. It's also very tax inefficient for investor type accounts vs. more traditional investments.
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Dec 13, 2014 20:46
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MJBuddy posted:Yeah I was able to come up with a decent cross-section analysis but found out I can't even trade in Maryland so it was mostly a waste of time. Yeah due to regulatory hurdles man states don't allow you to even open a investment account and other other have extra hoops to hop through.
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Dec 18, 2014 03:59
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Amun posted:I'm personally starting to lose faith in LC. It's been 16 days since I've been able to buy a note that matches my criteria -- I've only been at it for a year or so, but I don't think it's ever been this bad. Money's just piling up in my account not doing anything Another problem at least for regular investors is institutional investors now have a big investment in the concept: http://blog.lendingclub.com/a-note-on-our-recent-loan-volume/ Basically it's tough to compete for good notes when you go against institutional investors who have millions in case to scoop up the better notes.
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Dec 19, 2014 04:12
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Pryor on Fire posted:http://www.nytimes.com/2016/05/10/business/dealbook/as-lending-club-stumbles-its-entire-industry-faces-skepticism.html People rush to invest in a new hot niche investment concept and end up getting burned how shocking. Well I'm glad to see how Lending Club has learned fast and can copy Wall Street's model of fraud such as how the CEO altered millions of dollars in loans.
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Jul 9, 2016 13:38
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