centex Posted December 13, 2018 Posted December 13, 2018 I closed out all of the short positions this week with the dip below three dollars a share. Had I realized it would keep dropping ($2.90 this minute), I would have held out for a few more days. I had actually expected the usual wounded cat bounce that saw it jump back to around $3.50 a share... Quote
cv91915 Posted December 13, 2018 Author Posted December 13, 2018 My original $3,750 is still worth $728.75. Quote
centex Posted December 13, 2018 Posted December 13, 2018 1 hour ago, cv91915 said: My original $3,750 is still worth $728.75. You could always try to make some money back by selling off options contracts...couple of puts and a couple of calls and you could get enough to cover a decent dinner or three. Sell the contracts at the right point and you still keep the shares... It's a thought... Quote
cv91915 Posted December 13, 2018 Author Posted December 13, 2018 25 minutes ago, centex said: You could always try to make some money back by selling off options contracts...couple of puts and a couple of calls and you could get enough to cover a decent dinner or three. Sell the contracts at the right point and you still keep the shares... It's a thought... I'm going to maintain the passive approach with this account indefinitely. At this point it's cheap entertainment. Quote
CTSoxFan Posted December 13, 2018 Posted December 13, 2018 Best bet is to hold it for when you need some losses to offset gains for tax purposes...as I don't see it coming back. Quote
cv91915 Posted September 13, 2019 Author Posted September 13, 2019 5-for-1 stock split https://www.fool.com/investing/2019/07/26/lendingclubs-reverse-stock-split-what-investors-ne.aspx Quote
cv91915 Posted September 14, 2019 Author Posted September 14, 2019 This arrived while we were out of town. According to my records I filed a claim in May of 2018. Quote
centex Posted September 16, 2019 Posted September 16, 2019 On 9/13/2019 at 6:16 PM, cv91915 said: 5-for-1 stock split https://www.fool.com/investing/2019/07/26/lendingclubs-reverse-stock-split-what-investors-ne.aspx You just picked up on that? Damn, I missed an opportunity to mock the stock LOL! Quote
cashnocredit Posted September 21, 2019 Posted September 21, 2019 Some other unicorns. https://www.theatlantic.com/ideas/archive/2019/09/unicorn-delusion/598465/ Quote
centex Posted September 21, 2019 Posted September 21, 2019 54 minutes ago, cashnocredit said: Some other unicorns. https://www.theatlantic.com/ideas/archive/2019/09/unicorn-delusion/598465/ "If you wake up on a Casper mattress, hail a Lyft to get to your desk at WeWork, use DoorDash to order lunch to the office, hail another Lyft home, and have Uber Eats bring you dinner, you have spent your entire day interacting with companies that will collectively lose nearly $13 billion this year. Most have never announced, and may never achieve, a profit." LOLOLOLOLOL!!!! And yet people continue to give them money... kaylee34, cashnocredit and hegemony 3 Quote
IndyPoolPlayer Posted November 8, 2019 Posted November 8, 2019 On 9/21/2019 at 2:01 PM, centex said: "If you wake up on a Casper mattress, hail a Lyft to get to your desk at WeWork, use DoorDash to order lunch to the office, hail another Lyft home, and have Uber Eats bring you dinner, you have spent your entire day interacting with companies that will collectively lose nearly $13 billion this year. Most have never announced, and may never achieve, a profit." LOLOLOLOLOL!!!! And yet people continue to give them money... I miss F**kedCompany.com centex 1 Quote
EvilMan Posted November 16, 2019 Posted November 16, 2019 I am glad i never bought into the IPO, I was close and decided at the last moment to stay out. I have never had much luck with LC on investments side and was wondering how there stock would perform. The stock price of LC has performed just like notes on the platform, ultra disappointing. Quote
cv91915 Posted November 16, 2019 Author Posted November 16, 2019 10 hours ago, EvilMan said: I am glad i never bought into the IPO, I was close and decided at the last moment to stay out. I have never had much luck with LC on investments side and was wondering how there stock would perform. The stock price of LC has performed just like notes on the platform, ultra disappointing. I've been pleased with the performance of my notes. I picked every note by hand, and didn't let their robot choose my investments for me. The lowest annual return was > 5%, even after accounting for notes that charged off. I couldn't have gotten anywhere near that with 3-5 year CDs over the past several years. Quote
cv91915 Posted April 17, 2020 Author Posted April 17, 2020 Time to check in on my $3,750 investment from late 2014. [Image is edited for visual simplicity only] Quote
centex Posted April 20, 2020 Posted April 20, 2020 Even with that 1:5 reverse, it just keeps tanking like some of my cannabis stocks...and now it is almost too cheap to effectively and profitably short. Quote
hegemony Posted April 22, 2020 Posted April 22, 2020 LendingClub slashes roughly 30% of workforce as Covid-19 dampens demand for loans Quote
hegemony Posted May 6, 2020 Posted May 6, 2020 seems low... LendingClub: 11 Pct Of Personal Loans In ‘Skip-a-Pay’ Program Quote
cv91915 Posted May 6, 2020 Author Posted May 6, 2020 (edited) 1 hour ago, hegemony said: seems low... LendingClub: 11 Pct Of Personal Loans In ‘Skip-a-Pay’ Program I'm down to 35 notes outstanding. It's not clear from the investor UI if any of the notes that are in "Issued & Current" status are impacted by the program... which is because: 1 - None is, 2 - They haven't enhanced the site to display the info, OR 3 - Any note that's in forbearance is still considered "issued and current" Unrelated point of interest: the 1 note that's "In Grace Period" is Grade F and has a 26.57% APR (for 60 months). Edited May 6, 2020 by cv91915 Quote
cv91915 Posted May 14, 2020 Author Posted May 14, 2020 On 4/17/2020 at 9:28 AM, cv91915 said: Time to check in on my $3,750 investment from late 2014. [Image is edited for visual simplicity only] Quote
centex Posted May 14, 2020 Posted May 14, 2020 On 5/6/2020 at 9:53 AM, cv91915 said: I'm down to 35 notes outstanding. It's not clear from the investor UI if any of the notes that are in "Issued & Current" status are impacted by the program... which is because: 1 - None is, 2 - They haven't enhanced the site to display the info, OR 3 - Any note that's in forbearance is still considered "issued and current" Unrelated point of interest: the 1 note that's "In Grace Period" is Grade F and has a 26.57% APR (for 60 months). Geez...almost a 15% charge-off rate... What was the average amount that got walked? Do you get access to those numbers? Quote
cv91915 Posted May 14, 2020 Author Posted May 14, 2020 (edited) 22 minutes ago, centex said: Geez...almost a 15% charge-off rate... What was the average amount that got walked? Do you get access to those numbers? Here are the last 15 that charged off. I can't customize this view to include the full amount of each note, but I can see all of the details if I look at them one at a time. The original loan amount for the top one was $35,000 (my share was just $25), and the borrower made 44 / 60 payments before letting it go. Edited May 14, 2020 by cv91915 Quote
cv91915 Posted January 27, 2021 Author Posted January 27, 2021 Somehow I missed this rather major news about Lending Club: Effective December 31, 2020, LendingClub will retire the Notes platform. It looks like the Radius Bank merger was necessary to survive, and was part of a larger strategy to completely change/abandon the original LC business model. I stopped buying notes a few years ago, and I should receive the last scheduled payment on the final note in my portfolio no later than July 2021. Quote
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