Awhile back, LendingClub had a part of their site that stated something to the effect that no investor with 800+ notes had negative returns. They have since removed this and I had not seen any statistics that stated something similar until yesterday when I was browsing the site.
1 As of May 24, 2013, over 99% of investors with 100 of more Notes and with no single Note accounting for more than 2.5% of their total investment, have positive returns. To meet this criteria you would need to invest a minimum of $2,500 and none of the Notes could be greater than 2.5% of your total investment. The foregoing is not directed to the specific investment objectives, financial situation or investment needs of any particular person and should not be considered investment advice. You should consider reviewing the prospectus with a financial advisor prior to investing. Past performance is no guarantee of future results.
This is a far stretch from the diversification they use to advertise and is certainly comforting for people with smaller accounts (like us). So the message today? Stick with investing $25 per note for smaller accounts and you *should* see a positive return. Invest in higher grade notes that are recently listed and you should see higher positive returns.
Thanks for stopping by Ryan. Enjoyed checking out your site. In what city are you located? If you’re ever in Seattle we should grab coffee and talk shop.
Hey Simon! One of us is located in Wisconsin, the other our in Seattle. Sent you an email in case you wanted to get together.