I've been investing with LC since 2009. Have over 850 notes invested in and always buy $25 and $50 notes.
Spread your risk across 3-5 notes instead of buying that 1 note for $100, because some of those $100 notes will default for sure.
The issue is my filter is only showing a very small number of notes, thus i am not getting any money in.
Yes there is auto investing, but that hasn't picked up anything in over a month at this point, i am able to get some in if i manually use my filter.
As others have said, wait give it time, but if i were to "give it time" my account would be over 750$ in cash at this point, and that isn't good investing.
As said below.... this is the question i am asking, at some point is it OK to go over the 25$...
I've been investing with LC since 2009. Have over 850 notes invested in and always buy $25 and $50 notes.
Spread your risk across 3-5 notes instead of buying that 1 note for $100, because some of those $100 notes will default for sure.
Yes, it does suck when a $100 or $200 note defaluts, but I disagree that diversification beyond a certain point is a better strategy if it is causing you to invest in notes that don't meet your criteria. From what I remember, somewhere around 150 to 200 notes is the point where increased diversification has next to no impact on the variability of returns. If the OP is only investing a few thousand than $25 per note may be ideal, but as your account gets into the tens of thousands of dollars, I think quality of note becomes much more important than over diversification. Again, where I would keep to the small note strategy is if you are looking for more liquidity. Way more people are looking to buy $25 and $50 loans in the aftermarket than $100-$200.
I am not at the tens of thousands of dollars yet, but it won't be long until i am. From my own math, it doesn't seem so wrong to up the amount i put on per a note. But that is why i was asking here :)
Quality over quantity - after you have enough quantity at least