P2P Lending / NFT Lending Forum

I've noticed a distinct lack of inventory lately as well. I'm not a programmer and usually pick notes manually. I log on at random times, whenever I am at my computer at home and have some time. There has been nothing for about 10 days of so now. I also switched on automatic investing and even that has gotten me nothing for the past 5 days or so.

I've was researching non traditional investing strategies like P2P and REITs and rental properties when I came across Bakersfield Investment Club. The fund manager claims to be achieving 21 - 27% returns on the LC platform.

http://www.bakersfieldinvestmentclub.com/blog/current-strategy-investment-club" class="bbc_link" target="_blank">http://www.bakersfieldinvestmentclub.com/blog/current-strategy-investment-club

Another blog post asserts that investing in BIC is better than investing directly through LC.

http://www.bakersfieldinvestmentclub.com/blog/comparison-of-bakersfield-investment-club-vs.-lending-club-direct" class="bbc_link" target="_blank">http://www.bakersfieldinvestmentclub.com/blog/comparison-of-bakersfield-investment-club-vs.-lending-club-direct

Not sure what to make of these claims.

S

So did this discussion lead to any concrete steps to get retail investors the same level of bankruptcy protection as institutional investors?

I am assuming some list members have contacted LC directly and have gotten a wishy washy "we'll look into it" type of response. Es verdad?

The time to push for retail investors to have BRV protection is now (pre-IPO when LC is very vulnerable to any negative press).

I just purchased the domain name for LendingClubBankrupt.com. I want to use this website to educate all new potential retail investors how they are not given the same type of bankruptcy protection as institutional investors. It cost me about $25 (one default) so there, I took one for the team.

I hope we can organize ourselves instead of just whining about being mistreated. But it's not FAIR!!!! (wringing of hands / gnashing of teeth)

Yeah we know it's not fair that's why we need to organize and push back. LC will brush off individual complaints but will stand up and take notice if we stand up and speak with one voice. Especially if that voice is raised loudly just as they are trying to convince the rest of the world what a great company they are.

Timing is everything.

Sean

First time posting on this blog. Great topic. I voted and am in the second rank; seriously considering not investing any more funds with LC until a satisfactory solution is presented by LC.