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I just started about a month ago and have been having trouble recently as well. I've also had a bunch of notes that I wanted to fund not issued as well.
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Apr 29, 2014 15:19
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| # ¿ Apr 29, 2024 02:43 |
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I guess this is where I will also admit that I use all of April's filters that she posted earlier. I don't really know well enough to change them one way or another so I'm just using them wholesale. Thanks April! I only have $200 of skin in the game so far but if I ever get a bit more involved and care to analyze things some, I'll be sure to share if I change anything and what my rationale behind that would be.
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May 6, 2014 20:10
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nicky_glasses posted:TL; DR; If your sole interest is saving strictly for retirement, you're right, it's likely best to maximize your traditional retirement vehicles. If you haven't put the absolute max into your 401k/Roth, by all means. However, you're losing out on liquidity by tying everything up in retirement accounts. It's not completely liquid in so much as if you wanted to cash out early you'd have to sell your notes on the secondary market, but it's otherwise penalty free. You're not really condemning LC as much as you are any non tax advantaged investment. e: Also, as to taxes, you're going to be taxed on a 401k/Roth on either the front or the back end, so you're really just saving taxes on your gains. Which I'm not sure how it's treated, but if it's "just" capital, that's 15%. Not a huge price to pay for some liquidity. e2: The way I treat taxable investments is whenever I have some extra unplanned money from budget overflows (I didn't eat out that much or went to less concerts or whatever the hell), that's where it comes from. I suppose if that happens more often than not I could increase my 401k withholding by a percent but, again, liquidity. Barry fucked around with this message at 23:42 on May 14, 2014 |
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May 14, 2014 23:32
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nicky_glasses posted:
Sure, but there is value to liquidity. Even with a decent emergency fund, you never know when you might be long term unemployed or have a bunch of Bad poo poo happen at once. I suppose if it's truly dire you can dip into retirement funds and take the penalties, but I would rather that never happened. I also assume that I will be paying a higher tax bracket later, but that's all it really is, an assumption. It's a very real possibility that when I'm ready to retire the tax rate for high earners might be peanuts. I think this discussion might be best for another thread, however.
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May 22, 2014 15:33
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What would you define as "high interest"? I've used your filters for the 10 notes I've bought so far and most of them are in the 11-12% range. I also have zero charge offs or late notes so, empirically, your filters are 100% perfect.
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Jul 9, 2014 14:49
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April posted:Some quick napkin math shows that over the past 3 years, I am earning an average of about 2% of my total notes in bonus notes every month - meaning, since I have about 1800 notes right now, if I leave it alone, I will have about 1836 notes in a month. I'm not sure you're missing anything - seems like you discovered the principle of compound interest. Take that back, I think the one thing you might be missing is assuming Lending Club will be around in 20 years, doing what it's doing right now.
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Sep 22, 2015 23:10
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| # ¿ Apr 29, 2024 02:43 |
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I feel the same. My adjusted NAR is 3.39%. Not exactly awe inspiring.
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Apr 7, 2017 22:28
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