The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: 12boutside on March 05, 2017, 07:52:48 AM

Title: Lending Club recommendations?
Post by: 12boutside on March 05, 2017, 07:52:48 AM

I greatly appreciate your thoughts Lending Club given MM's recent downturn. Also Auto vs Manual. I'm just starting w my first &
400 notes.
Awesome Forum! You folks rock!
Thank you, Mary

Title: Re: Lending Club recommendations?
Post by: chasesfish on March 05, 2017, 08:11:36 AM

I'm slowly reducing my balances, I have a set amount of money I'll pull each month, then let a few notes roll back over.

My returns have fallen from 10% to 4.8% and I've been an investor since 2011.  2500+ notes.

I'm not really concerned about lending club as a company, I think there's just too many investors chasing yield and I'd rather own a REIT paying 5.5% with better liquidity than these notes that take 3-5 years to return my capital to me.