When I started with Lending Club many years ago (pretty much when LC started) I was excited. I saw it as a great addition to my investment portfolio. I had a control over the notes I was invested in and I liked it. Then came some changes and investing in Lending Club’s notes changed to Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Is Credit Score an Accurate Tool for Evaluating Mortgage Applicants
In the US and most countries, credit scoring is usually the first thing that a mortgage lender does upon receiving a application. The importance of credit ratings in the mortgage industry cannot be undermined, that’s for sure. But are they as accurate and effective are they are said to be? Well, we don’t think so Continue reading →
Lending Club screening & investing criteria
In my post “A bitter return to Lending Club” I wrote that I would be returning to investing with Lending Club but this time I would be very conservative in selecting notes to invest in. Originally, I wanted to invest only a very small amount of money ($25 dollars a month) but later on, I Continue reading →
A bitter return to Lending Club
I always look for investing opportunities which are, or can be, easily achievable to me. By that I mean that they are within my reach of limited money to invest. I started investing in Lending Club in 2012 and I was very successful in it. Yes, I was using a loophole to avoid default notes Continue reading →
My Lending Club account liquidated
Today I finished liquidation of my Lending Club portfolio. I decided to keep 500 dollars in the account and just reinvest the proceeds. I will keep the account totally passive. I will not be adding more cash and withdrawing any cash until retirement. At this moment I am playing with other people’s money. I received Continue reading →
Why I will no longer invest in Lending Club
Every great story will end one day. This is the case of my investments in Lending Club. Yes I am closing my account (or significantly reducing my exposure) with Lending Club and moving all available cash to equities. The reason? Recent changes in trading platform which now prevent me from effectively manage and protect my Continue reading →
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