The End of LendingClub?
Jul 14, 2016, 12:05p - Investing
There are 2 parts to this story. The first is about LendingClub's (LC's) actions as a company, and the second is about my returns on the site.
Early on in LC's history (2007-2009), they advertised a 9% return for investors, right on the front page of their website. I was always skeptical of this from the beginning, because I didn't ... more »
Read comments (2) - Comment
chandl34
- Jul 7, 2018, 8:35a
Another issue with capital losses is there is a limit you can claim per year. If you over-invest in LendingClub (or other similar platforms), you will always have more capital losses than the yearly limit. It seems the only way to claim those carry over losses is to de-invest completely from LendingClub.
Kirk
- Aug 17, 2023, 1:10p
It's sad to watch It. Some companies have the ability to make a lot of money, and they just don't do it properly. It's a shame the truth is. What can you do about it? Unless you create your own company and then you your own 2 diligence. Really wish those numbers would have sounded better, though.
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