Author Topic: Is LC no longer interested in retail investors?  (Read 2211 times)

mschoenf

  • Newbie
  • *
  • Posts: 17
    • View Profile
Re: Is LC no longer interested in retail investors?
« Reply #15 on: November 15, 2018, 09:34:37 PM »
On a somewhat related note, last week, I got a Prosper offer via email for a 1% bonus (Like LC used to do sometimes) for adding new money and investing in notes over there ($2,500 min) so interesting that they might be trying to spur some retail interest on their platform.  Unlike what we're seeing with LC.

investny

  • Jr. Member
  • **
  • Posts: 82
    • View Profile
Re: Is LC no longer interested in retail investors?
« Reply #16 on: November 28, 2018, 01:26:10 PM »

panther02912

  • Newbie
  • *
  • Posts: 12
    • View Profile
Re: Is LC no longer interested in retail investors?
« Reply #17 on: December 19, 2018, 02:56:48 PM »
I emailed LC investing about low loan inventory in mid-November and got back a generic email about supply and demand.  Then, this week I got a phone call from another investor services rep to discuss loan supply. 

This rep told me that LC hasn't given up on retail investors, and that our feedback is used to make allocation decisions (as recently as yesterday in some sort of loan inventory meeting).  Inventory might increase from <100 loans like today to 100-200, but not to 500 loans like prior years.  I might want to start pulling back from my account, if I can't find enough loans to invest my cash.

On reflection: someone is listening at LC, but there's no reason to expect any major change.  Talking to them does help advocate for our interests.

investny

  • Jr. Member
  • **
  • Posts: 82
    • View Profile
Re: Is LC no longer interested in retail investors?
« Reply #18 on: January 01, 2019, 10:26:15 PM »
December retail volume was as low as November's.
Doubt anything will improve in 2019

https://www.peercube.com/histperf/available_loans/lc