Author Topic: First $50 note  (Read 13151 times)

Zach

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Re: First $50 note
« Reply #15 on: July 10, 2013, 02:50:59 AM »
Sorry, I took a 50/50 shot and blew it. Too lazy to go find the correct spelling. Now if you hadn't changed your handle I would have really messed it up! :)

That is very true...and among other reasons why I decided to change it :)

mhvu

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Re: First $50 note
« Reply #16 on: July 10, 2013, 12:05:57 PM »
After funding 455 $25 notes.. I decided to fund https://www.lendingclub.com/browse/loanDetail.action?loan_id=4795594 a $50 one.  Just thought I'd share.  When did any of you break away from $25 notes?

Mike

Good luck!

investforfreedom

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Re: First $50 note
« Reply #17 on: July 12, 2013, 11:40:26 AM »
Just curious.  How many of you guys do $30, $35 loans, etc.?  To me, going from $25 to $50 is quite a leap, unless I plan to double my investment capital.  Is it because $25 and $50 loans are easier to sell on Folio than other denominations?

thezinfan

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Re: First $50 note
« Reply #18 on: July 12, 2013, 12:16:15 PM »
Notes have to be in $25 whole multiples, so 30/35 notes are not allowed.

investforfreedom

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Re: First $50 note
« Reply #19 on: July 12, 2013, 01:34:42 PM »
Prosper allows multiples other than $25.  I thought LC does too.  I have been investing in LC loans for nearly a year without knowing it!  :-[

Notes have to be in $25 whole multiples, so 30/35 notes are not allowed.
« Last Edit: July 12, 2013, 01:37:09 PM by investforfreedom »

rajuabju

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Re: First $50 note
« Reply #20 on: July 13, 2013, 02:57:37 PM »
I have 1800 notes on LC now. All of them except about a dozen are $25 notes, and I continue to find enough notes to stay fully invested without going higher per note.

If I was trying to put in a huge amount of cash and get it invested quickly, then of course a higher per note amount would be needed, but I add around $200 per week every week and have no issues investing that (plus payments received)

IrishMoss

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Re: First $50 note
« Reply #21 on: July 15, 2013, 09:42:23 AM »
Hi.  I'm new to the whole P2P lending scene.  Just signed up with LC over the weekend, and am still waiting for my bank account to be authorized.
Anyway, I'm planning on starting with $10,000.  Based on that, I'm allowed to invest in a max of 400 notes, so I was thinking of starting with $50 notes over $25.  If I start with $25, then my initial investment will fill up the 400 note quota, and I won't be able to reinvest any income into additional notes, at least not until I get to a $20,000 portfolio, where the threshold increases to 800 notes.

Does this make sense?  Or am I making some rookie P2P investment mistake?

Also, I'm assuming that those of you that have more than 800 notes are spreading that over multiple accounts?

pplinvestor

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Re: First $50 note
« Reply #22 on: July 15, 2013, 11:30:37 AM »
Hi.  I'm new to the whole P2P lending scene.  Just signed up with LC over the weekend, and am still waiting for my bank account to be authorized.
Anyway, I'm planning on starting with $10,000.  Based on that, I'm allowed to invest in a max of 400 notes, so I was thinking of starting with $50 notes over $25.  If I start with $25, then my initial investment will fill up the 400 note quota, and I won't be able to reinvest any income into additional notes, at least not until I get to a $20,000 portfolio, where the threshold increases to 800 notes.

Does this make sense?  Or am I making some rookie P2P investment mistake?

Also, I'm assuming that those of you that have more than 800 notes are spreading that over multiple accounts?

No, it does not make sense.   You invest $25 per note.  You'll have 400 notes for $10K.  LC does not limit you # of notes to invest.  As you add more money, you buy more notes.    Minimum is $25 per note.

IrishMoss

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Re: First $50 note
« Reply #23 on: July 15, 2013, 12:05:47 PM »
I thought I read somewhere on their site that there's a limitation on the number of notes you can purchase.  Guess I misinterpreted something.
Thanks for the clarification.

lc12

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Re: First $50 note
« Reply #24 on: July 16, 2013, 10:13:30 AM »
I think you know it now but you must of got confused by the "max" for $10,000 which for the min. amount of note price is og$25 is 400 notes.