Comments on: Lending Club – 2014 First Quarter Update

By: writing2reality

writing2reality — Sat, 22 Nov 2014 21:03:25 +0000

William, thanks for following along. I’m not to concerned with the actual removal of fields. All of the filters I use weren’t affect since they were all newer filters. I will say that I was disappointed in the lack of communication. Does not bode well, but was likely complicated by the impending IPO. I will continue reinvesting my proceeds, and will likely add more capital to my accounts going forward, but will monitor the situation should this become a pattern.

Hope that answers your question, and thanks for stopping by and asking it.

By: William Shields

William Shields — Sat, 22 Nov 2014 01:01:48 +0000

Been following you for awhile among other P2P bloggers to make sure know what I’m getting into should I decide to jump into the P2P fray. I live in Texas which doesn’t allow direct investing in P2P, only allowed the secondary trading market. Not for me. I’m patiently awaiting the LC IPO which would then allow nationwide investing. Assuming of course the other rumored private buyer doesn’t interject.
How do you feel about LC removing some of the API calls to data for tracking your loans? Peter over at Lend Academy wrote a pretty good article about this and the responses scared me from pursuing LC investing. Thoughts?

By: writing2reality

writing2reality — Fri, 25 Jul 2014 17:57:03 +0000

Not too many provide that sort of a return, which is why I am happy to continue investing in P2P lending. While I think I will eventually regress to the mean based on my investment risk, solid +10% should be available for the next few years.

Thanks for stopping by!

By: Tom Schumacher

Tom Schumacher — Tue, 29 Apr 2014 03:55:47 +0000

That’s awesome that you’re earning over 12% IRR for both accounts! What other investment vehicle provides this kind of ROI in this market with equal risk exposure?

By: Simon Cunningham

Simon Cunningham — Wed, 16 Apr 2014 17:01:01 +0000

Haha. Love this response.

By: writing2reality

writing2reality — Mon, 07 Apr 2014 20:27:25 +0000

I certainly think the advent of tax-sheltered accounts for UK investors is big news and should provide a tremendous amount of investor support for the industry.

Best of luck if you decide to start an account!

By: DividendVenture

DividendVenture — Mon, 07 Apr 2014 20:01:06 +0000

Hey writeyourownreality,

I’m a great admirer of your thoroughness with p2p lending. Here in the UK it’s a fairly new industry as well and there are talks for it to become a possible vehicle for tax sheltered investments like the IRA’s in the US. When this happens I intend to include p2p-lending in my investment strategy.

At that point I will definitely come back and re-read all your great insightful posts regarding this kind of investments. Thank you, keep it up and congratulations on a very attractive annual return!

Best,
DividendVenture

By: writing2reality

writing2reality — Mon, 07 Apr 2014 02:17:02 +0000

I can’t complain about the returns thus far and will continue to invest and add capital as appropriate for my overall investment allocation and plan. Feel free to let me know if you have any questions as you look to begin investing down the road. Thanks for stopping by and for your support!

By: Dividendasaur

Dividendasaur — Mon, 07 Apr 2014 01:29:09 +0000

That is still a really good return that you are getting. I am really excited to jump into this market in the future once I build a bit more net worth. I’m thinking I am still about a year out from making the leap into p2p which gives me plenty of time to follow your progress and learn more about the industry. Thank you for sharing.

By: talesfromthetape

talesfromthetape — Mon, 07 Apr 2014 00:34:53 +0000

Great job W2R, i wish we had something like prosper or lending club up here in Canada, seems like a great idea. I haven’t heard too many horror stories with this stuff yet but how are things like defaults managed?