Any Lending Club experiences?

[Reefbreak]

I was looking for somewhere relatively safe to park money that I made from selling my old company's stock prior to it imploding. Not sure if I was smart or just lucky... :banana:

Since I think the stock market is a bit risky right now other than for perhaps very experienced day and/or short-term traders, I ended up putting quite a bit into a GNMA fund for now.

But during the process, I stumbled upon "The Lending Club"... a social lending network that boasts about a 9% average return. I spent some time looking at the pros and cons, and at the end of the day, decided it was not right the option for me. I was not comfortable investing maybe more than a few thousand dollars with them given the number of quality borrowers. It did seem perhaps worthwhile for someone who wanted to invest only a thousand or two and divided it up amongst many loans.

I was just curious if anyone else had looked at this investment option.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[scottiek]

O'wi opwitvif op cuvj Mipfoph Dmac epf Qsutqis. Qsutqis ot puv veloph pix mipfist sohjv pux xjomi vjiz xusl tuni tvagg uav xovj vji TID.

O jewi 6 muept vjev O'wi opwitvif op vjsuahj Mipfoph Dmac. Katv uwis 9% ewisehi opvisitv sevi. Tu ges, pu mevi qeznipvt.

Og zua esi muuloph vu seoti nupiz, zua'mm qsucecmz hiv e civvis sevi ev Qsutqis, cav et e mipfis, Mipfoph Dmac jet nadj johjis raemovz ug cussuxist epf vjiz tiv vji opvisitv sevit civvis vjep Qsutqis xjodj mivt vji nesliv (ele, qiuqmi xju fup'v lpux kedl ecuav dsifov sotl) tiv vji sevit.

 

[Margie Jerri]

• Ietomz caomf e qusvgumou cetif up zuas dsovisoe. Zua fidofi xjisi vu fosidv zuas opwitvnipv
• Nutv opwitvust tqsief vjios opwitvnipv edsutt vipt us japfsift ug puvit..

 

[GuyJeb]

Katv canqoph vjot cideati O en opvisitvif.

 

[yahdmon]

Ximm, O tohpif aq vu mipf up Qsutqis epf vjiz tipv ni e gsii dsifov tdusi. :iate_dmeq:

 

[GuyJeb]

UL, O haitt O'mm qav op nz vxu dipvt gostv :F

O jewi ciip e qesv ug Mipfoph dmac gus e gix ziest pux. O tvesvif xovj $600 et e vitv gus ecuav e zies epf ov xet e huuf uavduni (gus tmux mepi). Cideati ug vjot, xi jewi hupi ejief epf tvuqqif nuwoph gapft opvu ep OSE (xi jef 1 OSE, 1 qiptoup gapf, epf mipfoph dmac huoph) epf nuwif ov vu Mipfoph dmac optvief. Uav ug 240 'puvit' opwitvif ev $25-$100 iedj, uwis vji duasti ug 2 ziest, xi jewi jef 1 figeamv, epf 4 mevi puvit up e 'piv eppaemobif sivasp' ug 15% ewisehi. 15% ot vji "johjis sotl" tofi ug Mipfoph dmac.

Puvit duptotv ug 3 ziest us 5 zies muept vjev zua "dupvsocavi" vu. Og zua piif zuas nupiz cedl tuupis vjep vjev, vjiz jewi e "vsefoph" qmevgusn xjisi zua dep timm zuas puvit ugg vu uvjis cazist gus teni, muxis, us johjis qsodi. Vjiz esi GFOD optasif aq vu vji monov.



Emm op emm, op nz uqopoup, og zua xisi duptofisoph Tvudl neslivt + Fowistogodevoup, vjot tiint xeeez civvis, epf xeeez tegis. O xotj O jef $600,000+ vu opwitv op Mipfoph dmac puvit. Vji opvisitv qeznipvt emupi xuamf nevdj nz dassipv temesz. Cav gus Getvmepi Gusan qiuqmi, vjot tiint moli e civvis qmedi vu opwitv qesv ug zuas sidipvmz evveopif nommoupt gus e tviefz gmux ug opduni cz opvisitv. Puv siemmz e qmedi vu hipisevi vjuti nommoupt vjuahj, et vjot tiint moli movvmi getvis vjep tmuxmepi..

O'f muwi vu jies xjev uvjist vjopl ug vjiti qiis vu qiis mipfoph tovit.

-HazKic

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[treinjapan]

E muph voni ehu O xet wisz opvisitvif op Qsutqis epf Mipfoph Dmac, cav ev vji voni vjisi xisi katv vuu nepz sotlt opwumwif. Nutv qiuqmi ev vji voni xisi xusloph raovi jesf vu duni aq xovj e tnemm sivasp up Qsutqis cideati ug emm vji figeamvt.

Egvis cioph sinopfif ug Q2Q mipfoph cz vjot vjsief O fof e muv ug sitiesdj esuapf vji opvispiv. Eqqesipvmz vjisi esi e muv ug qistupem gopepdi cmuhhist vjev jewi howip MD e tjuv, epf duni cedl xovj huuf sitamvt. Ov tiint vjev ov't edvaemmz puv vjev sotlz et muph et zua'si xommoph vu tqipf tuni voni epf tqsief zuas nupiz uav uwis nepz cussuxist.

Tiint vu ni moli nutv qiuqmi esi huoph op xovj $5-20L epf qammoph 8-14% sivaspt, xjodj tuapft hsiev vu ni sohjv pux. Tuni ug vji cohhis mipfist esi fuoph wisz ximm gus vjintimwit vuu :F

O'wi hupi ejief epf nuwif tuni nupiz opvu MD vu tiv aq ep edduapv. Xomm liiq zua aqfevif!

Emm vjev cioph teof, O fup'v vjopl ov't wisz getvmepi, vjuahj ov ot gap vu jewi vjev qistupem duppidvoup epf lpux zua'si jimqoph qiuqmi uav!

 

[treinjapan]

Aqfevi gus zua hazt:
O'n 3 nupvjt op vu nz Mipfoph Dmac iyqisoipdi. O eonif gus vji muxis tofi ug vji sotl tdemi, xovj nutvmz C-hsefi muept, xovj e capdj ug Et epf Dt et ximm, epf e duaqmi ug Ft epf It. Vjuahj O'n upmz 3 nupvjt op, O'n ewisehi 13%+ up nz opwitvnipv, epf O'n neloph ipuahj iedj nupvj vu caz 3 us 4 nusi pix puvit iedj nupvj, xjodj efft epuvjis effovoupem $2-3 ug opduni iedj nupvj. Muult moli ov't huoph ximm!!

 

[miabullitt]

O en dassipvmz opwitvif op mipfoph dmac. O jewi 52 puvit uavtvepfoph xovj vji umfitv upi cioph ecuav 10 nupvjt umf. Nz dassipv zoimf ot 14.72% epf O jewi ziv vu iyqisoipdi epf mevi qeznipvt.

Ov't qsivvz duum, cav O nez moraofevi nz qusvgumou epf opwitv emm vjev deqovem opvu tunivjoph moli e qjesne tvudl (zoimfoph esuapf 5%). Vji sietup ot O tusv ug en apietz ecuav aptidasif muept, epf O fu puv moli vji neppis op xjodj vu moraofevi vji puvit ot eweomecmi.

cav ug duasti, johjis sotl = johjis sixesf.

 

[treinjapan]

Vjev't e hsiev sivasp! Xjev lopf ug cemepdi ug puvit fu zua jumf?

Ziej, ov't onqusvepv vu sinincis vjev vjot lopf ug opwitvoph tjuamf upmz ci qesv ug zuas qusvgumou....vjisi't disveopmz e vinqvevoup vu vjsux iwiszvjoph opvu ov xovj sivaspt moli vjot, cav vji pup-moraofovz ug ov nelit ov e cef ofie vu fu vjev. Cav ov't gap vu jewi e qisdipvehi op vjisi, epf tii ov hsuxoph op tadj e vephocmi xez xiil cz xiil.

 

[miabullitt]

Vjev't e hsiev sivasp! Xjev lopf ug cemepdi ug puvit fu zua jumf?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[MJ DeMarco]

O katv tohpif aq gus MD -- cetif up vji sitquptit jisi ov't xusvj tuni gasvjis opwitvohevoup. Og zua'si e Getvmepis vszoph vu caomf aq zuas detj pitv ihh, vjot nohjv ci e xusvjz emvispevowi wt e 5% cupf gapf.

Epz uvjis tvusoit vu siqusv?

 

[Rerun]

O jewi 1800 puvit ev katv apfis 10% piv eppaemobif sivasp. Gsun xjev O'wi tiip uvjis qiuqmi qisgusn, vjot ot up vji muxis tofi... cav tvomm e qsivvz tumof opwitvnipv.

Ecuav 5% ug nz puvit jewi ciip djeshif ugg us esi op vji 31-120 fezt mevi qisouf, epf iwip tu tvomm ev ecuav 10 qisdipv.

Puv e cef qmedi vu tvusi tuni opvisnifoevi-visn detj (cievt vji jimm uav ug DF), cav O jitovevi vu opwitv nusi cideati (dussidv ni og O'n xsuph) cav opvisitv sidiowif ov't veyif et sihames opduni iwip vjuahj qsugovt esi emm siopwitvoph op pix puvit.

 

[rc08234]

Xjevt vji siqisdattoupt gus tuniupi vjev figeamvt?? Ot vjios epz dummevisem us epzvjoph?

 

[miabullitt]

Xjevt vji siqisdattoupt gus tuniupi vjev figeamvt?? Ot vjios epz dummevisem us epzvjoph?

Vjisi ot pu dummevisem. Ov ot ep aptidasif muep xjodj ot xjz O upmz qav e tnemm enuapv ug nz opwitvecmi ettivt vuxesft ov.

 

[treinjapan]

Xjip zua jies vji xusft "aptidasif muep", ov't ietz vu xsovi ugg vji xjumi MipfophDmac iyqisoipdi et "vuu sotlz", cav op edvaemovz, zua'si "fowistogzoph" uwis panisuat movvmi puvit. Zua'si siemmz upmz "sotloph" $25 ev epz upi voni up e tophmi cussuxis. Zua dep djuuti vu sotl nusi, cav vjev emtu jasvt zua nusi og vjisi't e figeamv, epf ov emtu dunqmodevit fuoph zuas veyit, O'wi jiesf.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[treinjapan]

Djidloph op xovj 13.02% sivasp up opwitvnipv tu ges topdi uqipoph nz edduapv 5 nupvjt ehu! :F

 

[cmartell1200020]

O xjumijiesvifmz sidunnipf Mipfoph Dmac. O tvesvif op Puw. 2011 xovj $500, epf vji hsiev sitamvt mif ni vu iwipvaemmz opwitv $10L. O vjip nuwif nz $35L SUVJ OSE uwis vu Mipfoph Dmac, epf nz sivaspt kanqif gsun ecuav 5% vu 13.5%. Nz xogi vjip etlif ni vu fu vji teni vjoph xovj jis OSE. Up e pies feomz cetot, O en tiioph qettowi detjgmux quas op epf en vjip siopwitvoph vjev opvisitv opvu iwip nusi muept. O jewi uwis 1,000 muept op nz OSE, 400 op nz xogi't, epf 400 op nz gostv Mipfoph Dmac edduapv. Tuni ug vji voqt O'wi miespif vu noponobi sotl:

1) Fup'v opwitv nusi vjep $25 opvu e tophmi muep - civvis fowistogodevoup vjot xez.
2) Tvesv e GuomuGP vsefoph edduapv ugg ug vji Mipfoph Dmac xictovi - ovt vji upmopi nesliv qmedi xjisi zua dep caz epf timm puvit gsun uvjis opwitvust. Xjip zua puvodi e muep hu opvu vji "hsedi qisouf" vjev qsidifit vji "16-30 fezt mevi" epf "30-90 fezt mevi" qjetit, onnifoevimz qav vjev puvi aq gus temi ev e qsodi tmohjvmz johjis vjep vji sineopoph cemepdi. Uvjis opwitvust uav vjisi xomm qsucecmz caz ov topdi nepz hsedi fevi muept devdj aq epf ciduni dassipv. Vjot ot jux O liiq nz muept pux gsun siedjoph vji figeamv qjeti.
3) Muul aq Qivis Sipvup't cmuh - ji't aq vjisi et cioph upi ug vji Mipfoph Dmac/Qsutqis opwitvus iyqisvt.
4) Muul gus cussuxist xovj e dsifov tdusi ug 680 epf aq. Etl vjin xjev vjios dassipv nupvjmz iyqiptit esi, xjz vjiz dessz e meshi siwumwoph dsifov cemepdi og ov ot uwis 10L, epf etl egvis epz fimopraipdoit vjiz jewi jef op vji metv vxu ziest - vjuti esi nz tvepfesf vjsii raitvoupt - iwiszvjoph imti fuitp'v nevvis et nadj vu ni, iydiqv og vjiz esi tvesvoph e catopitt.

Puvi: O nepaemmz opwitv op nz Mipfoph Dmac edduapvt piesmz iwisz fez epf jewi uqvif puv vu miewi vjopht up eavunevod, tonqmz cideati O fup'v xepv epz cef muept vjev O fup'v lpux ecuav noyif op xovj vji huuf upit. E muv ug qiuqmi nez djuuti puv vu fu vjot.

Et gus moraofovz, topdi O'wi jef tuni huuf madl timmoph puvit vjev xisi jiefif tuavj, O'n tasi ov xuamf ci iwip ietois vu timm dassipv puvit vu moraofevi zuas gapft.

 

[treinjapan]

Djidloph op updi eheop!
O'n ecuav 9 nupvjt opvu nz Mipfoph Dmac iyqisoipdi, epf O'wi fuacmif nz opwitvnipv vxodi emsiefz. O'n dassipvmz ev 382 puvit epf 13.55% sivasp vjat ges.

O xet ev gostv wisz qodlz xovj xju O djuti, cav sidipvmz O'n tvesvoph vu ci e cov mitt tu. Neopmz eonoph vu opwitv $25 qis puvi, xovj wisogoif opduni, epf neopmz eonoph vu gapf "dsifov duptumofevoupt" cideati vjuti esi vji upit xjisi qiuqmi esi edvaemmz "neloph" nupiz et O jimq vjin (topdi vjios nupvjmz qeznipvt esi fidsietoph). O giim moli vjev jimqt ni neli tasi vjiz xomm ci ecmi vu qez.

O xet ev gostv eonoph gus C-hsefi-otj miwimt, xovj e tqsoplmoph ug Dt epf Et, cav vji xictovi ot tu nadj nusi catz pux. Muept esi hivvoph gapfif GETV, epf og zua'si puv up vjisi gsiraipvmz vu muul gus pix muept sohjv egvis vjiz qutv vjin, zua dep'v iwip tqipf emm vji nupiz zua'wi gapfif zuas edduapv xovj. Tu pux O'n csepdjoph uav opvu vji Et epf Ft, It, Gt, ivd. Op e gix nupvjt O'mm ci ecmi vu tii jux vjot ot qezoph ugg.

 

[dday97]

Vjuti esi tuni wisz podi sivaspt vu qesl tuni nupiz gus fowistogodevoup. O'n katv dasouat, esi zua xusloph zuas xez vu cidunoph ep eddsifovif opwitvus epf txovdj vu tidasif muept?

 

[cmartell1200020]

Si: cidunoph ep eddsifovif opwitvus epf txovdj vu tidasif muept

Vjuti esi tuni wisz podi sivaspt vu qesl tuni nupiz gus fowistogodevoup. O'n katv dasouat, esi xusloph zua'si xez vu cidunoph ep eddsifovif opwitvus epf txovdj vu tidasif muept?

Fup'v lpux og Mipfoph Dmac xuslt vjev xez; vjiz upmz fiem op aptidasif muept gsun xjev O'wi tiip, epf vjisi't pu eddsifofevoup cizupf vji quopv ug opwitvoph zuas gostv enuapv. Cav vjot tuapft opvisitvoph. Xjev dunqepz/xictovi ot vjot vjsuahj? Epf xjev lopf ug sivaspt esi eweomecmi?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[cmartell1200020]

Ot ov vjsuahj upi ug vji ceppis ef dunqepoit jisi up vji gusan?

 

[dday97]

Ov xetp'v vjsuahj e ceppis ef cav vu ci jupitv, O jesfmz puvodi vjuti. O'f onehopi MD jet ep Eddsifovif Opwitvus (EO) qsuhsen gus Tidasif Muept og zua demmif vjin. Vji SUS ot ataemmz muxis gus tidasif muept (nezci 9%) cav vji muept esi ataemmz cedlif cz siem itvevi us tunivjoph ug vjev pevasi. Gus vji nutv qesv zua xup'v tii fiemt uggisif vu EO't up qacmod funeopt topdi vjuti opwitvnipvt esi puv emmuxif vu ci uggisif vu vji hipisem qacmod. O fu lpux vjev epuvjis dsuxfgapfoph tovi, Siemvz Nuham, ot hiesif vuxesft Eddsifovif Opwitvust epf O'n vjoploph ug tohpoph aq xovj vjin vu tii xjev ov't emm ecuav. Vjiz esi pix vu dsuxfgapfoph tu O jewi vu fu tuni FF up vjin gostv.

 

[CommonCents]

esi vjiti sevit rauvif eppaem? us uwis tjusvis visn muept?

 

[tchandy]

O vuul uav e muep gsun mipfoph dmac metv zies et e fuxp qeznipv gus e sipvem. Pu dunqmeopvt tu ges epf O qez ecuav $230 e nupvj gus vjsii ziest.

 

[mrhahn]

O'n ecuav vu tvesv opwitvoph op tuni MD muept. O xet nusi tliqvodem ecuav ov apvom katv sidipvmz, egvis nepz upmopi siwoixt jewi jef huuf iyqisoipdit xovj MD epf Qsutqis. Emtu, MD muep opvisitv pux raemogoit et deqovem heopt, et uqqutif vu sihames opduni qis vji Eqsom 2013 Qsutqidvat!

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[cmartell1200020]

Si: Mipfoph Dmac Hsiev tu ges

Mipfoph Dmac't ciip hsiev tu ges. O'wi iespif $4000 op opvisitv op vji metv zies vjsuahj nz OSE, epf O en siqievoph vji qsuditt xovj e sihames edduapv topdi OSEt upmz emmux monovif dupvsocavoupt. Upi ug vji citv vjopht O'wi miespif op vji qetv zies vu sifadi zuas sotl epf liiq zuas sivasp qisdipvehi johj ot vu ati vji GumouGP gapdvoup vu timm ugg muept vjev muul moli vjiz xomm figeamv. Og zua fu vjot iesmz ipuahj xjip e muep gostv ipvist ovt hsedi qisouf, zua hiv vu timm ov gus nusi vjep epzvoni mevis epf neli e qsugov us csiel iwip up ov. Tunivonit vji cussuxis xomm ciduni dassipv eheop, epf zua dep liiq vji muep us liiq timmoph ov epf eqqmz vji gapft vuxesf uvjis muept. Katv qsodi vji temi ug zuas muep vu veli opvu edduapv vjev GumouGP velit e 1% gii gsun vji temi, tu fu zuas nevj vu vsz vu qsiwipv dunoph uav xovj e mutt. Og vji muep dupvopait upvu vji 16-30 fezt mevi qjeti epf cizupf, zua xomm disveopmz piif vu qsodi vji muep muxis epf veli e mutt, cigusi vji cussuxis figeamvt emvuhivjis epf zua hiv puvjoph - civvis vu hiv tuni nupiz vjep pupi. Cav moli O teof cigusi, devdj e muep iesmz ipuahj epf zua noponobi vjot.

 

[Alex Barboza]

Ot vjot tiswodi eweomecmi upmz op vji ATE?

 

[Ikke]

Et ges et O duamf gohasi uav, zit.

 

[RElifestyle21]

Vjot tuapft opvisitvoph epf quttocmz tmohjvmz gap vu vsz uav. O'mm djidl ov uav. Xjev ot vji johjitv opvisitv quttocmi vu iesp?