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Messages - dr.everett

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1
Investors - LC / Re: Worst Month Yet
« on: December 07, 2019, 09:55:47 PM »
Savor the feeling of being done, but at the same time, mourn the loss. I always felt like there was a lot of lost potential that LC left on the table when they decided to make whatever changes were made. I've since moved on to Fundrise, and have never looked back. That was 2+ years ago.

The decision to leave was the right one for me and I regained so much time by doing so. They even recover their own losses. They had one go bad about a month ago and just announced that they were able to fully recover it on their own so the investors were made completely whole. When did we ever see that with LC?

2
It's baaack.... >:(

3
It's making reading unread topics useless... ::)

4
Did not get one. Wound down.

5
Must be a load issue on their end- tried it just now at about 10:35pm PST and it finally worked. On the first try nonetheless.

Guess it is just me.  :P

6
Anyone else having logon issues since Lending Club Me Too'd with the six-digit logon code a few days ago? I never receive mine after logging on. Tried multiple times. Tried sending multiple times, still no go.

(And yes my email is working. :) ) (And yes I have checked my spam)

If I was more active with LC I'd call them but I'm only checking to see if there are any recoveries.

Am I the only lucky one?

7
Foliofn - LC / Re: daily spend?
« on: January 11, 2019, 05:06:16 PM »
Speaking from the standpoint of someone that had 2 large accounts and has now been departed for a year- I don't think you're going to find too many large accounts still liquidating.

Most of "us" left closer to 2 years ago when the chargeoffs started spiking and then there were all the ethics things and bad loan underwriting surfaced which caused LaPlanche to be fired.

There are people letting their accounts run off, people like me that sold slowly at reasonable discounts so as not to take significant losses, fire sales, and a few dumpster fires. ;)

I think that pretty well sums it up.

8
So, here's to a bounce; even if it's a dead cat! I'll take it.

Amen- My stock portfolio is so underwater right now it's not worth looking at anymore because it just makes me angry. And really wish I had money to put in while it's so low- I feel like I'm missing out on a big moneymaking opportunity.

Oh well- FML. :( Gotta wait it out.

9
Investors - LC / Re: IRA Notes sold- what next?
« on: September 19, 2018, 09:10:48 PM »
Well we'll see what happens- I turned in the paperwork last week- the STRATA side of things is closed already- I checked. I had transferred out the last remaining money prior to the close. On their forms I listed my taxable account as the "receiver" of any recoveries.

Now we'll see what kind of tax forms I get at the end of the year from all this. ;)

10
Investors - LC / Re: IRA Notes sold- what next?
« on: September 03, 2018, 01:35:10 AM »
@dr.everett and @lascott,
May I ask when was last Charged off note?  Any way to find out recovery from which charged off note?  Wonder whether you're getting recovery notes from notes charged off many months ago.
Thanks.

I seem to be getting in the area of $75-100 a month in recoveries- for August it was about $90. My account has been closed now for the better part of a year- meaning only selling- no new buying. At the height of my account, it had $165K invested in about 10K notes. The last of them sold in June '18.

I don't plan to keep the IRA open past October as that is when my "fee" is due. After that it'll be interesting to see what happens. Sounds like if money is trickling in it may be a tax headache tracking and reporting the misc. deposits, especially depending on how they are reported. That'll be a question I'll ask of LC and see if they are willing to answer it, or if they hide behind the "..we are not tax advisors." excuse.

11
So they replied back to my "Don't close" reply and said "No problem."

12
... My conservative models give me a price of around $8...

I think I'd wet myself or something worse if I were to open my LC stock portfolio and see $8 a share.  :o
That would be a really happy day after I cleaned up.  8)

13
Got this in my email today:

Your LendingClub account will close soon.

Account ending in: XXX00

Dear ,

We noticed your account has had a zero balance and no new investment activity for an extended period of time. Because of this, we will be closing your account in the coming weeks.

Will I still be able to access my account after closure?

After your account is closed, you'll be able to log in to access past statements only. To add funds and invest in LendingClub Notes, you'll need to open a new account.

Still want to be a part of LendingClub?

If you want to keep this account open, simply reply to this email or contact Investor Services by September 10 using the phone number or email address below.
We're here to help. If you have questions or need assistance with your account, please feel free to contact us.

Best regards,
The LendingClub Team

I did reply to them that I wish to keep my account open- if anything to continue to get my recoveries, and maybe to cost them a few extra cents. :)

Will see  what the reply is.

14
General Lending Club Discussion / Re: LC Stock Down to $3.66 per Share
« on: August 08, 2018, 09:26:12 PM »
So earnings just happened and we're back to 3.68 a share. Hope everyone who had money in LC stock sold before the drop and are ready to buy back in again once the bottom is set.

15
I'm still here- sold my LC stock before the drop- missed out on selling earlier so I left some money on the table. However I'm happy to watch over the next few days, see if it drops any more, and then buy back in for the 10-20% run up before the next earnings.

Figure if I can hit the cycle a few times I'll be happy. Just need to pay a bit more attention than last time, set some sell triggers, and trust my gut a bit more.

Got something else to post shortly that came from LC.

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