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Lending Club Account Earning 26%+ Net Return (Screenshot)

Started by Peter, December 10, 2014, 11:00:00 PM

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TravelingPennies

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

https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2F3.bp.blogspot.com%2F-QoF03hSFQf4%2FVIayYK2v5VI%2FAAAAAAAABlM%2FlnaTx-FkTTE%2Fs400%2FLending%252BClub%252BScreenshot%252Bblack%252Bout.png&hash=8d532642e0772bbf9e16f16bf1b5b995" alt="" class="bbc_img" />

core

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.


rawraw

Seems a lot of people are adopting this strategy.  Man I wish they'd realize it's like playing Russian roulette


GS

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.



Unfolder

Hey it's like my strategy but using other people's money (even better!)  https://forum.lendacademy.com/Smileys/default/tongue.gif" alt=":P" title="Tongue" class="smiley" />

kbenson99

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

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.


Ben

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.  https://forum.lendacademy.com/Smileys/default/tongue.gif" alt=":P" title="Tongue" class="smiley" />

Rob L

For example, here's a simple photoshop of same:

https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2F9sVFMNg.png&hash=66c629635d39a3d347c69ee0e302a53f" alt="" class="bbc_img" />

TravelingPennies

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 https://forum.lendacademy.com/Smileys/default/grin.gif" alt=";D" title="Grin" class="smiley" />

NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL