Join Early Retirement Today
Thread Tools Search this Thread Display Modes
LC Lending Club IPO
Old 12-11-2014, 08:14 AM   #1
Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 2,922
LC Lending Club IPO

Anyone get in on this controversey?

For $15/share I put a limit order in for a few shares.

Mainly because it seemed like a low entry point considering the growth oppurtunities in the lending markets right now... sure interest rates might change this in a year, but for now I decided to take a risk.
AA (Stock/Bond/Cash ): 97.5/0/2.5% MIX (Small/Mid/Large): 25/25/50% BLEND(US/Foreign): 100/0%, REIT (Real Estate Equity): ~50% of Assets

FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
kgtest is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-11-2014, 09:33 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
imoldernu's Avatar
Join Date: Jul 2012
Location: Peru
Posts: 6,335
Future of Finance is P2P as LendingClub Goes Public with $5.4B Valuation

Am thinking this needs watching... The idea of P2P lending sounds to me a lot like a new bubble.
Consolidating high interest personal loans then packaging the risk and selling it at some "calculated" price requires a lot of trust on the part of the buyer.
I don't see much of a difference between the housing bubble, which at the very least had an asset value. In this case, no Fannie or Freddie to ease the pain.

For sure, a new entry into the derivatives market. As of now, I don't see a connection to the easement of the Dodd Frank rules for banks, but this could be a factor later on.

From the IPO, looks like there must be more to this than meets the eye.
Early birds are doing pretty well... Started @ $15... currently @ $25.

Good Luck:
imoldernu is offline   Reply With Quote
Old 12-11-2014, 10:13 AM   #3
Confused about dryer sheets
Join Date: Mar 2014
Posts: 6
I have been using LC for quite some time now and have been quite happy with it with returns averaging around 7.5%. I signed up for the maximum allowed of 350 shares but was allocated 250.. let's see how this goes. I don't usually invest in individual stocks but had some play money in the account
Agni is offline   Reply With Quote

lc ipo, lending club, lending club ipo

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Vonage IPO-How Many First Time Investors? poboy FIRE and Money 4 06-05-2006 12:12 PM
Vonage IPO Cool Dood FIRE and Money 4 05-17-2006 04:40 PM IPO REWahoo Other topics 14 04-20-2006 11:21 AM
Mastercard's "IPO" Nords FIRE and Money 0 12-25-2005 10:50 AM
IPO thechoson Other topics 7 04-14-2005 08:26 AM

» Quick Links

All times are GMT -6. The time now is 11:07 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.