https://forum.lendacademy.com/index.php/topic,3551.msg40079.html?PHPSESSID=a73daf8f57811a2af5e76dc5f78f7875#msg88888888Quote"> from: Fred93 on March 07, 2017, 04:13:16 PM
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#2
Investors - LC / Worst Month Yet
January 30, 2017, 11:00:00 PM[/quote]
OK, I will bite. What other investments are you looking at?
[/quote]
I am just referring to normal traditional investments like stocks and bonds. If looking for more diversification, you can add high yielding utility stocks or REITs, or high-yield bonds or foreign bonds, but I don't think LC loans are needed in any investor's portfolio. If LC investments had realized the 10% return that they were projecting a few years ago it would be a good investment. But many LC's investors portfolios are now earning less than 0%. And LC is now projecting 5% for current investments but the reality will be much worse. Long Term Treasuries and Government agency bonds are now paying 3-4%. Why bother with the extra trouble and risk to invest in LC loans.
#3
Investors - LC / Worst Month Yet
January 12, 2017, 11:00:00 PM
Here's to a better 2017!
[/quote]
Based on the downward trajectory of the data on the 'Understanding Your Returns' chart, 2017 will be a bad year for LC investors. Lending Club is now advertising that note investors earn 5-7% but that is based on portfolios over an age of 30 months. The portfolios at 12-18 months are actually earning -8% to 8%. In a couple of years once these portfolios age out and go down over time, the 30 month age portfolio return will be at -10% to 0%. By mid-2018, I forecast that the returns on portfolios that average 30 months on the 'Understanding Your Returns' chart will be negative.
Amazing that the returns are this bad even with an okay economy. If there is a recession in the next couple of years, these returns will be lower than -10%. As I warned the OP Rob in December 2015 when he originally posted, stop investing in LC. Much better investments out there with better returns with much less risk.
[/quote]
Based on the downward trajectory of the data on the 'Understanding Your Returns' chart, 2017 will be a bad year for LC investors. Lending Club is now advertising that note investors earn 5-7% but that is based on portfolios over an age of 30 months. The portfolios at 12-18 months are actually earning -8% to 8%. In a couple of years once these portfolios age out and go down over time, the 30 month age portfolio return will be at -10% to 0%. By mid-2018, I forecast that the returns on portfolios that average 30 months on the 'Understanding Your Returns' chart will be negative.
Amazing that the returns are this bad even with an okay economy. If there is a recession in the next couple of years, these returns will be lower than -10%. As I warned the OP Rob in December 2015 when he originally posted, stop investing in LC. Much better investments out there with better returns with much less risk.
#4
Investors - LC / New Understanding Your Returns Chart
November 14, 2016, 11:00:00 PM
It's only a matter of time before LC removes this chart completely or changes it drastically. LC does whatever it can to keep a rosy picture even if it means a very blurry picture and misleading information to their investors.
#5
Investors - LC / Worst Month Yet
November 02, 2016, 11:00:00 PM
https://forum.lendacademy.com/index.php?topic=3551.msg38384#msg38384">Quote"> from: SeanMCA on November 03, 2016, 10:57:52 AM
#6
Investors - LC / Worst Month Yet
November 02, 2016, 11:00:00 PM
Hey Rob, How is your account performing now?
When you started this thread 11 months ago, I recommended that you stop investing in LC... - that they were over-inflating returns for investors and that the charge-offs were starting to snowball. Take a look at the current 'Understanding Your Return Chart'. A year ago, it didn't show anyone with a negative return and now a lot of people have negative returns. (in the 6 month to 15 month range) and it will get worse for them as their portfolio ages.
For some reason Fred93 would not let me speak about my experience with LC and must have ulterior motives to silence any detractors. LC is failing and anyone who invested in 2014, 2015 and 2016 will soon see the staggering losses coming their way. A year from now the 'Understanding Your Returns' chart will look like a blood bath and I have a feeling LC will soon stop producing that chart or I recommend they rename it "Understanding Our Downturn"
When you started this thread 11 months ago, I recommended that you stop investing in LC... - that they were over-inflating returns for investors and that the charge-offs were starting to snowball. Take a look at the current 'Understanding Your Return Chart'. A year ago, it didn't show anyone with a negative return and now a lot of people have negative returns. (in the 6 month to 15 month range) and it will get worse for them as their portfolio ages.
For some reason Fred93 would not let me speak about my experience with LC and must have ulterior motives to silence any detractors. LC is failing and anyone who invested in 2014, 2015 and 2016 will soon see the staggering losses coming their way. A year from now the 'Understanding Your Returns' chart will look like a blood bath and I have a feeling LC will soon stop producing that chart or I recommend they rename it "Understanding Our Downturn"
#7
Investors - LC /
August 15, 2016, 11:00:00 PM
I am trying to sell notes on Folio. So far the majority of the transactions have been cancelled (almost 90%) with Folio giving the reason 'canceled, payment processing'.
Why are so many of the transactions being canceled?
For people selling on Folio, what percentage of your transactions are canceled without being completed?
Why are so many of the transactions being canceled?
For people selling on Folio, what percentage of your transactions are canceled without being completed?
#9
Investors - LC / Worst Month Yet
May 18, 2016, 11:00:00 PM
https://forum.lendacademy.com/index.php?topic=3551.msg34700#msg34700">Quote"> from: Rob L on May 16, 2016, 09:24:16 PM
#10
Investors - LC / Worst Month Yet
December 02, 2015, 11:00:00 PM
Hi Rob,
I have over 5000 notes invested and my Lending Club results have recently been poor. Mostly C,D and E notes. Can I ask you what is your current adjusted net annualized return? You may be about 8-10% now, but the only way to keep your return high is to keep plunging more cash in. If you stopped investing for a while, the losses would start to snowball.
If you look at the 'Understanding Your Returns' chart, the interest rate falls very far over time. Once your portfolio is over 18-24 months, the returns really start slipping to between 6-8% and with the tax consequences of so many write-offs you may even have a negative return.
I have over 5000 notes invested and my Lending Club results have recently been poor. Mostly C,D and E notes. Can I ask you what is your current adjusted net annualized return? You may be about 8-10% now, but the only way to keep your return high is to keep plunging more cash in. If you stopped investing for a while, the losses would start to snowball.
If you look at the 'Understanding Your Returns' chart, the interest rate falls very far over time. Once your portfolio is over 18-24 months, the returns really start slipping to between 6-8% and with the tax consequences of so many write-offs you may even have a negative return.
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