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Investors - LC / Re: What's your next move?
« Last post by AnilG on November 26, 2020, 10:10:31 PM »
I didnít have much direct exposure to LendingClub and Prosper, no IRA, just regular accounts for myself and wife. It was always part of my play money allocation. At this point, I have withdrawn all cash from both LC and Prosper. Not interested in any other platforms. With what happened to Direct Lending fund, I am not willing to handover money to anyone promising certain return without me understanding drivers of that return, checks and balances in place, and proper due diligence. Majority of play money is now in individual stocks with some allocated to algorithm based trading and angel investing.

But I did quit job to work on PeerCube full time for few years so indirectly that was huge exposure to p2p social lending. I still believe in p2p social lending and in the original Prosper founder vision of auction style interest rate setting with proper guardrails and lender syndication. I am sure someone will figure out in the future how to make it work.
General P2P Lending Discussion / Re: Street Shares Business Loans
« Last post by bioclotidtai on November 26, 2020, 05:48:57 PM »
Everything depends on how your business is going.
Investing - General (not P2P) / Re: Bit Coin as an Investment?
« Last post by ElaineJDrury on November 26, 2020, 12:36:27 PM »
There are many services which provide the best help regarding investing bitcoins in the trading business. But, I always take help from the consultants of website because they provide me the best and right guidance for my investment.
At that time, a lot of people took out loans and didn't return the money. And they were heavily indebted. My dad was in this situation too. Only he didn't buy the house. He decided to rent an apartment. It came out much cheaper. And he quickly repaid his loan. I followed his example. I didn't buy the house. I rent a 3 bedroom apartment kips bay. I have a wife and a child. And we all fitted in this apartment. And I pay my rent on time. Therefore, I believe that you need to take a loan only when you are sure that you can pay it back.
Introductions / Re: Hello Everyone
« Last post by macroman7799 on November 24, 2020, 11:29:20 PM »
Welcome. You will find that there is not much going on but please check it out.
General P2P Lending Discussion / Re: Question regarding P2P's borrower algorithm
« Last post by macroman7799 on November 24, 2020, 11:27:38 PM »
Years ago I was declined for a Prosper loan because my debt to income ration and revolving balances were too high. I did get to talk to an underwriter but it did not help I was still declined.
Investors - LC / Re: Collections when the Notes platform is discontinued
« Last post by macroman7799 on November 24, 2020, 01:14:28 AM »
I think that Lending Club collections are already getting less emphasis. I checked the detail pages on 3 past due notes and none of these had any new collection notes.
Investors - LC / Re: What's your next move?
« Last post by macroman7799 on November 24, 2020, 01:10:31 AM »
I'll be transferring my LC assets to an IRA to invest in stocks. I am using Motley Fool Stock Advisor to supplement my research.
Investors - LC / Re: What's your next move?
« Last post by Rob L on November 23, 2020, 05:48:17 PM »
Investors - LC / Re: What's your next move?
« Last post by flyp52 on November 23, 2020, 12:09:29 AM »
I'm happy with Fundrise too. Started transitioning in 2016 to Fundrise, Realty Mogul, Realty Shares (defunct), Crowdstreet, Lending Home.
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