Author Topic: Lending Club Account Earning 26%+ Net Return (Screenshot)  (Read 19951 times)

DarioEM

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Lending Club Account Earning 26%+ Net Return (Screenshot)
« on: December 10, 2014, 05:36:17 AM »
Screenshot of company account earning 26.81% Net Annualized Return on Lending Club. Over a year ago this account was making 23.70%.
Lending Club is great but our investors actually do better than this


core

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #1 on: December 10, 2014, 06:06:44 AM »
Very nice!  You guys must be making a pile of money since you don't even need to invest half of your cash in notes.  Is LC giving you a special interest rate on that idle cash?

By the way, I like the palm trees on your web site.  Whenever I see palm trees and a beach, I pretty much know I'm dealing with a reputable company right away.  But I would have preferred to be able to do some reading on the site without having to supply my email address and phone number.

Fred93

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #2 on: December 10, 2014, 06:19:07 AM »
Screenshot of company account earning 26.81% Net Annualized Return on Lending Club. Over a year ago this account was making 23.70%.
Lending Club is great but our investors actually do better than this



Those are some great numbers Dario.

Unfortunately...
1. I notice that you turned off the "adjust... for past due notes." feature.  I suggest you turn that on.

2. I note that LC has paid you $18,885 in interest.  You have $166,991 invested at present.  If I divide, I get 11.3%   Comparing that to the displayed NAR, I conclude that you have had most of that money invested for a very short time.  If you had the money invested for say about a year, I would expect those two numbers to be about equal.

It is trivial to get a high NAR when most of your money has been invested for a short time, as yours has.  All you have to do is invest in the riskiest loans.  NAR doesn't say much about your performance until the portfolio has aged some. 

During the 1st month of a loan, it can't be late, because no payment is due yet.
During the 2nd month, it can be late, but it can't yet be 1 month late.
During the 3rd month, it can be 1 month late.
During the 4th month, it can be 2 months late.
During the 5th month, it can be 3 months late.
During the 6th month, it can become 4 months late, and can be charged off.

So all those risky loans you recently (less than 6 months ago) purchased can't be charged off yet.  Therefore your NAR simply reflects the interest rate on those loans, and not your investment performance.

I wish you well.
« Last Edit: December 10, 2014, 06:26:52 AM by Fred93 »

rawraw

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #3 on: December 10, 2014, 06:57:57 AM »
Seems a lot of people are adopting this strategy.  Man I wish they'd realize it's like playing Russian roulette

core

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #4 on: December 10, 2014, 07:14:53 AM »
Seems a lot of people are adopting this strategy.  Man I wish they'd realize it's like playing Russian roulette

But his company guarantees a 15% return minimum!  Even in poor economic conditions.  That doesn't sound so risky...? :)

GS

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #5 on: December 10, 2014, 08:31:23 AM »
Payments of $18K on a $400K account does seem odd, especially when you claim the account is more than 1 year old.  My $10K account is about 1.5 years old, and has $6K in payments.  The only way I could see that working is if you are holding all your notes for a very short time then selling them on folio, which is a good strategy, IMO.  But think that strategy might be dead after the IPO and apparently all users will be able to buy off the platform  The other thing I see is lots of idle cash earning 0%, but that's not factored in your NAR.  Your real return (i.e. XIRR) is going to be much, much lower, based on the idle cash alone.
« Last Edit: December 10, 2014, 08:43:12 AM by GS »

lascott

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #6 on: December 10, 2014, 09:41:45 AM »
Screenshot of company account earning 26.81% Net Annualized Return on Lending Club. Over a year ago this account was making 23.70%.
Lending Club is great but our investors actually do better than this


It'd be great to see your "Portfolio" page on LendingClub.  I love looking at those estimated payments and such. TIA
« Last Edit: December 10, 2014, 09:48:59 AM by lascott »
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

hessinger

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #7 on: December 10, 2014, 09:45:10 AM »
It'd be great to see your "portfolio" tab on in LendingClub.  I love looking at those estimated payments and such. TIA

There's a reason why this screen shot shows just the very minimal amount of information. I'd say this has probably been faked. It's pretty darn simple to modify the HTML generated by the page any modern browser. Funny this gets posted up on these forums just right before the IPO too. Wonder why?

Unfolder

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #8 on: December 10, 2014, 10:01:21 AM »
Hey it's like my strategy but using other people's money (even better!)  :P

kbenson99

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #9 on: December 10, 2014, 10:12:35 AM »
Using Chrome's developer tools, It is exceedingly simple to change what is shown within the browser.  I'd take what is shown with a grain of salt.

Victor

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #10 on: December 10, 2014, 10:50:06 AM »
The critical and analytical eye the participants on this forum turn to these suspicious (fraudulent?) claims may be the most valuable service provided by this forum to investors and particularly the newbies just dipping their toes in these choppy waters.  With the IPO, I expect to see a marked increase in posts making exaggerated or false claims and soliciting other people's money.

I'm encouraged to see the Lend Academy Constabulary rise to this challenge and call out all suspicious and specious claims.  We must fight Core's Neo-Bolshevik Russian Mobsters and South Florida Boiler Room Operators on the palm laden beaches for the benefit of all humanity.

DarioEM, can you honestly guarantee a 15% return to investors by "managing" their money and actually expect to make a "profit" except by stealing it from your investors?  I call bullshit.

core

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #11 on: December 10, 2014, 11:17:03 AM »
Funny this gets posted up on these forums just right before the IPO too. Wonder why?

On his Linkedin page (job title internet marketer, with possible connection to the Russian woman listed there), he says he feeds the homeless.  So maybe he needs a bunch more LC clients to pay for a special turkey & Thunderbird Christmas dinner for the less fortunate.  So you guys better start handing over your money because it's going to a good cause.  What a guy!

Ben

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #12 on: December 10, 2014, 12:32:17 PM »
For the first year my LC account was open, I as well made great returns in the twenties. Every 6 months or so I would watch it drop a few percentage points. At almost 3 years it is stabled out at about 12 percent. It's easy to make great returns in the beginning. I would like to see what this guy's percentage is a couple of years from now. You know when the loans are nice and seasoned. If this guy is relying on it staying in the twenties, for his business, he is in trouble.  :P

Rob L

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #13 on: December 10, 2014, 01:38:05 PM »
For example, here's a simple photoshop of same:


Ben

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Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
« Reply #14 on: December 10, 2014, 02:13:13 PM »
That is sweet Rob L. Too bad you can't actually alter our accounts like that. I would love for you to pull a Ferris Bueller and make it real! Lol ;D