Comments on: How to Buy and Sell Loans on LendingClub’s New Trading Platform http://www.doughroller.net/p2p-lending/lending-club-trading-platform/ Money Management and Personal Finance | The Dough Roller Sun, 12 Feb 2012 23:24:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DR http://www.doughroller.net/p2p-lending/lending-club-trading-platform/comment-page-1/#comment-10839 DR Tue, 20 Jan 2009 20:30:52 +0000 http://www.doughroller.net/?p=1587#comment-10839 This article was featured in the Carnival of Personal Finance, which was hosted by Pecuniarities. It is a must read: http://pecuniarities.com/carnival-of-personal-finance-no-188-the-jane-austen-edition/2122 This article was featured in the Carnival of Personal Finance, which was hosted by Pecuniarities. It is a must read: http://pecuniarities.com/carnival-of-personal-finance-no-188-the-jane-austen-edition/2122

]]> By: DR http://www.doughroller.net/p2p-lending/lending-club-trading-platform/comment-page-1/#comment-10740 DR Sat, 10 Jan 2009 12:10:08 +0000 http://www.doughroller.net/?p=1587#comment-10740 Hoffman, thanks for the comment. It will be interesting to see where Prosper and LC are in a year. I think both programs have positives and negatives, and I invest in both. The concern I have for Prosper is that I question the ability of most investors (myself included) to accurately value a note when bidding. But time will tell. Hoffman, thanks for the comment. It will be interesting to see where Prosper and LC are in a year. I think both programs have positives and negatives, and I invest in both. The concern I have for Prosper is that I question the ability of most investors (myself included) to accurately value a note when bidding. But time will tell.

]]> By: Hoffman http://www.doughroller.net/p2p-lending/lending-club-trading-platform/comment-page-1/#comment-10727 Hoffman Fri, 09 Jan 2009 15:16:31 +0000 http://www.doughroller.net/?p=1587#comment-10727 Very detailed and useful review. I agree w/ you in that offering the secondary market puts Lending Club in the leading role in this space, but remember that Prosper is still bigger. The only problem with Prosper is that they allow sub prime and have pissed off a bunch of their customers (just read prospers.org for a few minutes and you'll see). I used the secondary market to buy notes initially (they did not have CA when they reopened). Now that I can lend, I am investing in notes first and then getting rid of the ones I'd rather let go later. Very detailed and useful review.

I agree w/ you in that offering the secondary market puts Lending Club in the leading role in this space, but remember that Prosper is still bigger. The only problem with Prosper is that they allow sub prime and have pissed off a bunch of their customers (just read prospers.org for a few minutes and you’ll see).

I used the secondary market to buy notes initially (they did not have CA when they reopened). Now that I can lend, I am investing in notes first and then getting rid of the ones I’d rather let go later.

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