Forgot I put money into Lending Club back in Nov, did $2000 in loans, have earned $220 in interest so far and that’s still with $1922 of my principal outstanding.I was just testing the waters, but this might be a good look especially since they tightened lending standards
Lot of long term positions. Im getting anxious. Theres no way it can stay on this pace without significant pullback..right?
I want to secure and buy back but i also dont want to mess up and sell too early
There will be pullback most likely, there has to be.. but the big question is does it move sideways and trend upwards and I would assume that's what it will do unless the economic recovery is worse than what is priced in or we have to shut shyt down again.
If we gotta shut shyt down again then yeah it'd be time to sell
But my best guess is that it trades sideways and upward from here until Q2 earnings and/or something negative about covid comes out
I expect a bear market if Biden wins.Which can happen at any time
I also expect a pullback leading up to the election as it becomes clearer that biden will win
I expect a bear market if Biden wins.
paying out june 30
$IVR .50 a share dividend
Only at first but if he wins China will explode and innovation will explodeI expect a bear market if Biden wins.
So what's the play here
Do you stock now early before everyone decides to get in a week or two before thus driving the price up
Pretty much. Open an account, you can either do an investing strategy and let LC auto invest in loans for you or you can pick exactly what you want. Loans are rated, was A-D but they’re not loaning to D-level borrowers (high risk but higher interest earned) and mature in 3 or 5 years. Definitely a good passive play to have in your income/investing mix, kinda like a higher ROI CD
