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Investors - LC / Re: Bonus payments for Note purchases
« Last post by AnilG on June 03, 2020, 11:05:26 PM »
The article makes big claims without showing any supporting data and lot of detours. All assumptions made by writer were based on prior Q data with no change even though LC already mentioned they expect originations to be down 90% and laid off 30% of workforce. A better write up would have been based on projected cash flow, income and liabilities assuming originations declining 90+% and scaling down revenues, cash on hand, and savings in cost from already announced cost cutting measures.

Assume, if LC were to hunker down, without bringing any revenue, can they take out enough cost and has enough cash on hand to survive till end of 2021? This is the worst case scenario for LC.

Quote from: latitude42 on June 03, 2020, 01:29:43 PM
Yesterday seekingalpha made a note of the promo, and shared their comments... pointing to LC's financial struggles (link below).

Since the March 23 lows, the S&P Financials are up 35%. LC is down 27%.

https://seekingalpha.com/article/4351541-lendingclub-signs-of-desperation?utm_source=news.google.com&utm_medium=referral
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Investors - LC / Re: Bonus payments for Note purchases
« Last post by latitude42 on June 03, 2020, 01:29:43 PM »
Yesterday seekingalpha made a note of the promo, and shared their comments... pointing to LC's financial struggles (link below).

Since the March 23 lows, the S&P Financials are up 35%. LC is down 27%.

https://seekingalpha.com/article/4351541-lendingclub-signs-of-desperation?utm_source=news.google.com&utm_medium=referral
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Investors - LC / Bonus payments for Note purchases
« Last post by JDII on June 02, 2020, 11:03:18 PM »
I got this email the other day from Lending Club. Figured I'd put it here in case anyone missed it.

As we continue to navigate these challenging times together, we're humbled by the outreach of our investors asking how they can help our members. LendingClub has always been about people helping people, and this spirit is stronger today than ever.

So, as an investor, how can you help? The easiest way to express your support is to keep investing on the platform: an investment in LendingClub Notes provides funding to members looking for help, and today they need that support more than ever.

As a thank you for your dedication to our community, we'd like to offer you a bonus payment1 of 50 basis points, or 0.5% for all new Note purchases made between June 1 and August 31, 2020.

How does the bonus work?

Step 1: Invest in Notes from June 1 to August 31, 2020.
For example, if you invest $10,000 in new Notes between June 1 to August 31, 2020, you'd earn a 0.5% bonus payment, which would be $50.
Step 2: Check your account to see how much bonus payment you earned.
We will credit your account by September 30, 2020. The bonus can only be used to purchase new Notes, it cannot be withdrawn for cash or transferred into another account.
At LendingClub, our investors know there's more to our platform than just the investment return—it's about the people behind the loans who are on a path to better financial health for themselves and their families. This bonus is our way to say thank you for your support—we're heartened to see this incredible community in action.
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Investors - LC / Re: LC Picks New Year Sale
« Last post by JDII on June 02, 2020, 10:59:55 PM »
I have updated the thread regarding my returns:

https://forum.lendacademy.com/index.php/topic,5166.0.html

I use LC Picks exclusively as my tool to decide on which loans to invest i
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Investors - LC / Re: Review of my lending club account
« Last post by JDII on June 02, 2020, 10:59:39 PM »
Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 06.01.20

My annualized return on loans that have paid off is 9.50%. 

My Notes at-a-Glance         801

Not Yet Issued                     10
Issued & Current                  576
In Grace Period                    4
Fully Paid                            167
Late 16-30                          0
Late 31-120 Days                3
Default                               1
Charged Off                        38
Canceled                            2


Adjusted Net Annualized Return      7.41%
Net Annualized Return                   11.75%
Weighted Average Age of Portfolio  16.1 months

My notes by grade are:

A  21.30%
B  60.30%
C  13.10%
D  4.10%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 67.1/82.

Thanks again for all who helped out in the past.
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General Discussion / Webinar
« Last post by Kate Leiton on June 01, 2020, 05:44:26 AM »
OK, guys, recently I've heard about a webinar on RealtyBundles platform. Maybe someone is also interested, so I leave the link here: http://go.realtybundles.com/webinar/?utm_source=twitter&utm_medium=post&utm_campaign=webinar&utm_term=rbwebinar1may
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General Discussion / Crowdfunding Performance
« Last post by jimmy210248 on May 31, 2020, 09:32:40 PM »
Is Crowdfunding platforms suffering from a shortage of investors now or are they at a standstill on which real estate to invest in due to the covid19 situation? Read an article on how the coronavirus has affected the economy and also the https://www.realvantage.co/insights/realvantage-covid-19-viewpoints-and-strategies/. Let me know how you guys feel.
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Off Topic / Re: SEO
« Last post by hademarqvce on May 26, 2020, 01:33:29 PM »
Henry is right. Off page SEO is a pure headache. I tried to make linkbuilding on my own and I failed. Because - well - it's hard to search for proper forums and stuff like that. One of my business partners told me about these https://crowdo.net guys. They are making backlinks and crowd marketing for a decent price. I could have buy backlinks from Chinese or something, but this business partner of mine convinced me that I should pay more and I will get the best result. He was right.
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Off Topic / Re: SEO
« Last post by henrywilson on May 26, 2020, 01:28:38 PM »
Well, you can make on-page SEO on your own, that's easy. But when it goes for off page SEO... Well, it's hard as hell. Especially when it goes for linkbuilding.
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Off Topic / SEO
« Last post by bioclotidtai on May 26, 2020, 12:30:57 PM »
Is it possible to do SEO by myself? Has someone tried doing it?
I know it won't be as effective as a company, but at least there isn't a lot to lose if make mistakes.
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