Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
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
Lending Club is great but our investors actually do better than this
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: core on December 09, 2014, 11:00:00 PM
Post by: core on December 09, 2014, 11:00:00 PM
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.
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.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred93 on December 09, 2014, 11:00:00 PM
Post by: Fred93 on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: rawraw on December 09, 2014, 11:00:00 PM
Post by: rawraw on December 09, 2014, 11:00:00 PM
Seems a lot of people are adopting this strategy. Man I wish they'd realize it's like playing Russian roulette
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: GS on December 09, 2014, 11:00:00 PM
Post by: GS on December 09, 2014, 11:00:00 PM
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.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: lascott on December 09, 2014, 11:00:00 PM
Post by: lascott on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: hessinger on December 09, 2014, 11:00:00 PM
Post by: hessinger on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Unfolder on December 09, 2014, 11:00:00 PM
Post by: Unfolder on December 09, 2014, 11:00:00 PM
Hey it's like my strategy but using other people's money (even better!) 
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: kbenson99 on December 09, 2014, 11:00:00 PM
Post by: kbenson99 on December 09, 2014, 11:00:00 PM
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.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Victor on December 09, 2014, 11:00:00 PM
Post by: Victor on December 09, 2014, 11:00:00 PM
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.
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.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Ben on December 09, 2014, 11:00:00 PM
Post by: Ben on December 09, 2014, 11:00:00 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.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Rob L on December 09, 2014, 11:00:00 PM
Post by: Rob L on December 09, 2014, 11:00:00 PM
For example, here's a simple photoshop of same:
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Post by: TravelingPennies on December 09, 2014, 11:00:00 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 
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred93 on December 09, 2014, 11:00:00 PM
Post by: Fred93 on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Rob L on December 09, 2014, 11:00:00 PM
Post by: Rob L on December 09, 2014, 11:00:00 PM
Sure; just call one of our reps to open your account.
Dial 1-900-634-5789 (props to Wilson Picket & Eddie Floyd -- Blues Brothers 2000)
https://www.youtube.com/watch?v=o8QU7BqTEws
Dial 1-900-634-5789 (props to Wilson Picket & Eddie Floyd -- Blues Brothers 2000)
https://www.youtube.com/watch?v=o8QU7BqTEws
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: brec on December 09, 2014, 11:00:00 PM
Post by: brec on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Unfolder on December 09, 2014, 11:00:00 PM
Post by: Unfolder on December 09, 2014, 11:00:00 PM
Lol if you think any of those state laws will ever be enforced. Most of the people in charge of enforcing those laws at the state level are just bureaucrat/union hacks that don't even have college degrees and are just there to punch clocks. They probably aren't even aware of LC's existence and are too dumb/lazy to figure out they are in violation of finance regulations if they are.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: GS on December 09, 2014, 11:00:00 PM
Post by: GS on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: JoeB on December 09, 2014, 11:00:00 PM
Post by: JoeB on December 09, 2014, 11:00:00 PM
Palm trees, run-on sentences: "Get all the details by filling out the form below, you'll also receive our testimonial video of actual investors that are earning money plus more great content about investing and using leverage to become financially free"
and a web site registered for one year...
http://www.networksolutions.com/whois/results.jsp?domain=passiveincomeinvesting.com
Seems legit to me.
and a web site registered for one year...
http://www.networksolutions.com/whois/results.jsp?domain=passiveincomeinvesting.com
Seems legit to me.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred on December 09, 2014, 11:00:00 PM
Post by: Fred on December 09, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Post by: TravelingPennies on December 09, 2014, 11:00:00 PM
Looks like Dario and Daniel Nase of BIC (Bakersfield Investment Club) -- http://www.lendacademy.com/forum/index.php?topic=2784.0 -- are related.
Both are in the "Leadership" and "Top Investors" roles here https://www.crowdfunder.com/realestatedevelopment
Both are in the "Leadership" and "Top Investors" roles here https://www.crowdfunder.com/realestatedevelopment
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred on December 10, 2014, 11:00:00 PM
Post by: Fred on December 10, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Ben on December 10, 2014, 11:00:00 PM
Post by: Ben on December 10, 2014, 11:00:00 PM
Exactly! Convince us and you have a brand new customer base.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Randawl on December 10, 2014, 11:00:00 PM
Post by: Randawl on December 10, 2014, 11:00:00 PM
As other people have said, the total payments received of under 19k with about 167k outstanding says it all about the account age. . .
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: renoofturks on December 11, 2014, 11:00:00 PM
Post by: renoofturks on December 11, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: rawraw on December 11, 2014, 11:00:00 PM
Post by: rawraw on December 11, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: bobeubanks on December 11, 2014, 11:00:00 PM
Post by: bobeubanks on December 11, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
38.04 is not 50%+
And these banks are not out soliciting funds from individuals.
And these banks are not out soliciting funds from individuals.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
It is very much impossible given any decent time line. No individual investor is going to get 33% returned to them for any length of time. It just isn't possible. We cannot compare what an individual is able to accomplish to what a highly leveraged FI can do. They are two very separate things.
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: evergreen on June 15, 2015, 11:00:00 PM
Post by: evergreen on June 15, 2015, 11:00:00 PM
Percentages have held steady over several years, so the adjustment is not valid. It probably has something to do with Lending Club trying to be very conservative in the eyes of regulators.
Quote"> from: DarioEM on December 11, 2014, 12:51:08 AM
Quote"> from: DarioEM on December 11, 2014, 12:51:08 AM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on June 15, 2015, 11:00:00 PM
Post by: TravelingPennies on June 15, 2015, 11:00:00 PM
Primary notes, not possible. Highest gross return is about 26%. Can't compound that much.
Traded notes are at 28%, so it might be possible.
from: renoofturks on December 12, 2014, 02:11:55 PM
Traded notes are at 28%, so it might be possible.
from: renoofturks on December 12, 2014, 02:11:55 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on June 15, 2015, 11:00:00 PM
Post by: TravelingPennies on June 15, 2015, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: TravelingPennies on June 15, 2015, 11:00:00 PM
Post by: TravelingPennies on June 15, 2015, 11:00:00 PM
Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: evergreen on June 15, 2015, 11:00:00 PM
Post by: evergreen on June 15, 2015, 11:00:00 PM
Lol! No, we are related!!!
I don't think we even look alike. Besides, I'm a german white boy and he's hispanic.
I don't think we even look alike. Besides, I'm a german white boy and he's hispanic.