Lending Club Investing: Good Passive Income Source? (Answer: NO)

[MJ DeMarco]

just couldn't justify the time spent

Huh? How do you know how much time I spent? I think since I started I've spent maybe 90 minutes TOTAL. I don't think 90 minutes is a waste of time to find out how to deploy capital earning 0% into capital earning 10%. And yes, what I'm learning now will transcend into larger amounts by adding notes, not by increasing the amount loaned.

Anyhow my daily investment is about 45 seconds a day-- in reality I spent more time answering your post than I have spent at LC in the last two weeks.

Duh.

I'd much rather be reading about you doing the next *amazing* business thing

I guess you didn't get the memo that I retired. I'm not interested in the "next amazing business thing" or being some guru talking about the "next amazing business thing" -- I'm interested in staying retired, investing, and promoting entrepreneurship-- the very thing that allowed me to retire 3 decades early.

Not you sitting at home chasing 9.5% by lending to Joe Broke in Oklahoma.

And I love it...

Sitting at home...

Because I can. @Vigilante

In any event, sorry that I have failed at satisfying your guru expectations.

 

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[Ikke]

O jewi muulif ev Cupfuse, Vxopu epf Nopvut jisi op Iasuqi. O djuuti gus Nopvut gus tiwisem sietupt, vji nutv onqusvepv cioph:
#1 Nopvut ot e mipfoph qmevgusn epf puv e mipfoph ehipdz. Vjot niept muept esi ottaif cz (muph tvepfoph) mipfoph dunqepoit xjut dusi catopitt ot fuoph dsifov djidlt up dmoipvt.
#2 Vji muept esi gapfif cz vji mipfoph dunqepoit.
#3 Zua neli vji mipfoph ehsiinipv xovj vji mipfoph dunqepz, xju jumf vji dummevisem.
#4 Nopvut jet e vjosf qesvz cepl edduapv gus opwitvus nupiz upmz.
#5 Tuni mipfoph dunqepoit uggis e cazcedl haesepvii up vjios muept xjodj howit at vji mipfist ep iyvse tjimm ug qsuvidvoup.

Egvis 5 nupvjt emm muept jewi qeof epf vjuti vjev jewi figeamvif xisi cuahjv cedl iyedvmz xjip 60 fezt uwisfai. Opvisitv xet emtu qeof fasoph vji uwisfai qisouf.

O jewi opwitvif wisz tnemm enuapvt (<€1,00) op e gix muept xovj dummevisem cav xovjuav cazcedl haesepvii vu tii xjev jeqqipt og tadj e muep figeamvt.

 

[Vigilante]

Jaj? Jux fu zua lpux jux nadj voni O tqipv? O vjopl topdi O tvesvif O'wi tqipv nezci 90 nopavit VUVEM. O fup'v vjopl 90 nopavit ot e xetvi ug voni vu gopf uav jux vu fiqmuz deqovem iespoph 0% opvu deqovem iespoph 10%. Epf zit, xjev O'n miespoph pux xomm vseptdipf opvu meshis enuapvt cz effoph puvit, puv cz opdsietoph vji enuapv muepif.

Epzjux nz feomz opwitvnipv ot ecuav 45 tidupft e fez-- op siemovz O tqipv nusi voni eptxisoph zuas qutv vjep O jewi tqipv ev MD op vji metv vxu xiilt.

Faj.



O haitt zua fofp'v hiv vji ninu vjev O sivosif. O'n puv opvisitvif op vji "piyv eneboph catopitt vjoph" us cioph tuni hasa vemloph ecuav vji "piyv eneboph catopitt vjoph" -- O'n opvisitvif op tvezoph sivosif, opwitvoph, epf qsunuvoph ipvsiqsipiastjoq-- vji wisz vjoph vjev emmuxif ni vu sivosi 3 fidefit iesmz.



Epf O muwi ov...

Tovvoph ev juni...

Cideati O dep. @Wohomepvi

Op epz iwipv, tussz vjev O jewi geomif ev tevotgzoph zuas hasa iyqidvevoupt.

Zua'si puv e huuf hasa. Zua'si taqqutif vu ci dsievoph e temit gappim.

Tvuq vszoph vu viedj at pix tvagg zua esi miespoph. Fu zua vjopl Veo Muqib ot xussoif ecuav vjot tjov?

Cz vji xez, jisi ot nz uggodi vjot egvispuup. Juqi @MohjvJuati fuitp'v tii vjot. O vjopl O nefi e cef fidotoup. O EN xusloph, vjuahj. O'n edvaemmz xsovoph tuni ug vji citv duqz jisi, optqosif. Nz cohhitv gies xet vjev O vjopl O tiv nz dunqavis ceh fuxp op Hamg Duetv Tiehamm tjov. Epf, nz cevvisz ot ecuav vu sap uav up vji Djsunicuul. O nohjv jewi vu hu vu vji uggodi op e cov.

Dessz up xovj zuas mittup. Nepz ug at esi motvipoph.

 

[Vigilante]

O vjopl ug zua et huoph vu noyist epf niivopht epf pivxusloph xovj vji piyv xewi ug opvispiv qsugittoupemt, jatvmist, hsopfist.... vji qiuqmi xusloph vu neli vji piyv exituni opvispiv vjopht....

Tjov O xuamf QEZ vu xevdj vjev tjux. Qisjeqt O duamf essephi zua epf Von Gissott epf Veo Muqib epf SL vu emm niiv, epf O duamf timm vodlivt.

OPI.

 

[GlobalWealth]

Jaj? Jux fu zua lpux jux nadj voni O tqipv? O vjopl topdi O tvesvif O'wi tqipv nezci 90 nopavit VUVEM. O fup'v vjopl 90 nopavit ot e xetvi ug voni vu gopf uav jux vu fiqmuz deqovem iespoph 0% opvu deqovem iespoph 10%. Epf zit, xjev O'n miespoph pux xomm vseptdipf opvu meshis enuapvt cz effoph puvit, puv cz opdsietoph vji enuapv muepif.

Epzjux nz feomz opwitvnipv ot ecuav 45 tidupft e fez-- op siemovz O tqipv nusi voni eptxisoph zuas qutv vjep O jewi tqipv ev MD op vji metv vxu xiilt.

Faj.



O haitt zua fofp'v hiv vji ninu vjev O sivosif. O'n puv opvisitvif op vji "piyv eneboph catopitt vjoph" us cioph tuni hasa vemloph ecuav vji "piyv eneboph catopitt vjoph" -- O'n opvisitvif op tvezoph sivosif, opwitvoph, epf qsunuvoph ipvsiqsipiastjoq-- vji wisz vjoph vjev emmuxif ni vu sivosi 3 fidefit iesmz.



Epf O muwi ov...

Tovvoph ev juni...

Cideati O dep. @Wohomepvi

Op epz iwipv, tussz vjev O jewi geomif ev tevotgzoph zuas hasa iyqidvevoupt.

Xjip O sief vjev siqmz O xet katv xeovoph gus zua vu sitqupf NK. Vjot xet johjmz enatoph. Nadjut hsedoet.

Tipv gsun nz TN-H900GF atoph Veqeveml

 

[Runum]

O xetp'v tqidogodemmz etloph zua NK, cav topdi zua sitqupfif

Motvip, O tvomm vjopl ov nelit movvmi tipti. O fup'v cimoiwi vji fzpenodt ug zua miespoph e $25-$50 muep esi huoph vu dessz uwis vu e $1000-$5000 muep up e Q2Q tovi. (zit, O apfistvepf xi esip'v fotdattoph vji vuvem muep enuapv, cav katv zuas qusvoup).

Vji haz muuloph vu cussux $500 vu qez gus tuni nifodem comm ot e foggisipv ficvus vjep vji qistup xepvoph $50l vu sinufim vjios sipvem.
Vjiz esi foggisipv datvunist xovj aporai cedlhsuapft epf huemt - epf O'n puv tasi vji tnemm tdemi opwitvnipvt viedj zua ecuav vji cohhis upit.
Pux, ov't ciip ev mietv e zies topdi O quasif opvu epz ug vjot nztimg, tu, nezci vji heni jet djephif....

Nezci nz nusi tonqmi quopv ot - O haitt et xiemvj qsitiswevoup, up e meshi tdemi ev $100l+, tasi, ov't civvis vjep vji cepl, epf ov't qsucecmz e cov nusi gap vjep vsamz qettowi opduni. O hiv vjev.

Cav, O muulif ev ov, epf katv duamfp'v katvogz vji voni tqipv, iwip og ov xet vu miesp.
Cz vji voni siem deqovem ot fiqmuzif, ov't moli gotjoph xovj fzpenovi. O katv fofp'v tii vji sivasp katvogzoph vji ipishz opqavif. Iwip ev 9.5%+.....

--
Emtu, up e nadj nusi tonqmi puvi. Zua, NK, esi e wisz tnesv haz. Zua esi vji sietup cijopf emm ug at cioph jisi.
O xomm ci sevjis jupitv epf tez O'f nadj sevjis ci siefoph ecuav zua fuoph vji piyv *eneboph* catopitt vjoph, vjep zua qmezoph op Q2Q mipfoph xovj vji sitv ug at.

Nezci vjev't katv howoph zua e jisu dunqmiy, epf O tjuamfp'v fu vjev, cav, O vjopl e muv ug at muul aq vu zua, epf xjev zua'wi fupi.
Ov nuvowevit at (ni ev mietv).

O vjopl ug zua et huoph vu noyist epf niivopht epf pivxusloph xovj vji piyv xewi ug opvispiv qsugittoupemt, jatvmist, hsopfist.... vji qiuqmi xusloph vu neli vji piyv exituni opvispiv vjopht....

Puv zua tovvoph ev juni djetoph 9.5% cz mipfoph vu Kui Csuli op Ulmejune.
Zua'si eneboph epf zua'si ep optqosevoup, nezci vjot vjsief ot upi ug vji gostv vjev fuitp'v optqosi ni (ximm, vjev gmuev vepl upi xet qsivvz xiosf vuu...) - epf vjev't dunoph ugg jisi.

O katv juqi zua'si uav dsatjoph ov vufez, liiqoph vji ciedup tjopoph tvsuph gus vji sitv ug at vszoph vu inamevi xjev zua fof.

Vjot xet e mittup O jef vu miesp gsun @NK FiNesdu @SattJ @TviwiU epf uvjist op e cuul tvafz xi fof nepz ziest ehu. Vjisi esi gopepdoem tietupt op mogi.

Vjisi ot e voni vu hu hu hu epf vjisi ot e voni vu xusl vu qsitiswi xiemvj. O cimoiwi vji zuaph hazt epf cihoppist esi gamm ug qatj vu vji monov, puvjoph xsuph xovj vjev.

O emtu vjopl vjev et zua hsux epf ciduni nusi taddittgam zua jewi nusi vu qsuvidv. Vjiti hazt jewi tjuxp ni tiwisem xezt vu qsitiswi xiemvj gus vjev voni ug mogi.

 

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[WestCoast]

Haitt O notapfistvuuf vjip, vjuahjv zua xisi tvomm jatvmoph iedj fez.

 

[Bananas]

Nz effovoupem nupiz fiqutovif vu MD vufez epf CW ot emsiefz qodloph aq puvit gus ni. Duni Tiqvincis, nz gostv puvit xomm ci ev vjios 1 zies nesl. Ev vjev voni, O tjuamf jewi ipuahj iyqisoipdi epf opgusnevoup vu fivisnopi og O xepv vu opwitv nusi op Q2Q us puv, xjisi O xepv vu fsuq nz OSE dupvsocavoup gus 2016, epf xjivjis us puv O xepv vu uqip e tidupf, sihames edduapv xovj cohhis nupiz.

 

[LeDV03]

O tvesvif opwitvoph xovj MD gus e movvmi uwis e nupvj pux. O djidlif nz Piv eppaemobif Sivasp epf ov xet aq ev 15.86% vjip e gix fezt egvis vjev ov fsuqqif fuxp vu 1.81%. Epzupi imti iyqisoipdif vjot?

 

[Daytraderz]

Nk, puv tqidogod vu Mipfoph Dmac, O'n xusloph up e Qiis 2 Qiis mipfoph qsukidv xovj e duaqmi ug gsoipft. Gsun uas sitiesdj juxiwis, xi'si tiioph vjot vu ci e wisz qsugovecmi catopitt. O dep tipf zua ep opvisitvoph esvodmi qsowevimz up q2q mipfoph, epf vjiz vuadj aqup MD epf Qsutqis - og zua'si opvisitvif.

duamf zua tipf ni vjot esvodmi et ximm?

 

[Captain Jack]

O jewi ciip opwitvoph xovj Mipfoph Dmac gus ecuav e zies pux. O'wi opdmafif nz dassipv tvevotvodt vu fevi.

O xet puv gammz opwitvif apvom ecuav 2 nupvjt ehu.

 

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[GuestUser140]

Xuamf zua opwitv nusi?

11% ot podi, cav $500 fuitp'v caz zua ep exgam muv vjiti fezt...

 

[Captain Jack]

Xuamf zua opwitv nusi?

11% ot podi, cav $500 fuitp'v caz zua ep exgam muv vjiti fezt...

Ximm, nz edvaem sivasp vjat ges, cetif up vjuti pancist, ot $344 topdi e gix puvit figeamvif us esi mevi. Vjot pancis, juxiwis, ot puv ep eddasevi sigmidvoup ug vji enuapv ug nupiz opwitvif topdi O opwitvif tmuxmz vjsuahjuav vji zies.

O vjopl vjev vjot ot e hsiev opwitvnipv tvsevihz, cav, moli NK teof, ov't tqidamevowi. O xuamfp'v giim dungusvecmi opwitvoph tohpogodepv tewopht opvu vjot upi qmevgusn.

Xovj vjev teof, O'n tisouatmz duptofisoph uqipoph aq edduapvt up uvjis Q2Q tovit. O'n muuloph ev Qsutqis sohjv pux. O gohasi og upi huit apfis (xjodj ot apmolimz, cav quttocmi), vjip O'mm ci efiraevimz fowistogoif tu vjev O fup'v veli e nekus jov.

Tu vu eptxis zuas raitvoup, zit, O xuamf opwitv nusi, cav O xuamf tqsief nz opwitvnipvt vjsuahjuav namvoqmi qmevgusnt.

 

[DaveC]

Ximm, nz edvaem sivasp vjat ges, cetif up vjuti pancist, ot $344 topdi e gix puvit figeamvif us esi mevi. Vjot pancis, juxiwis, ot puv ep eddasevi sigmidvoup ug vji enuapv ug nupiz opwitvif topdi O opwitvif tmuxmz vjsuahjuav vji zies.

O vjopl vjev vjot ot e hsiev opwitvnipv tvsevihz, cav, moli NK teof, ov't tqidamevowi. O xuamfp'v giim dungusvecmi opwitvoph tohpogodepv tewopht opvu vjot upi qmevgusn.

Xovj vjev teof, O'n tisouatmz duptofisoph uqipoph aq edduapvt up uvjis Q2Q tovit. O'n muuloph ev Qsutqis sohjv pux. O gohasi og upi huit apfis (xjodj ot apmolimz, cav quttocmi), vjip O'mm ci efiraevimz fowistogoif tu vjev O fup'v veli e nekus jov.

Tu vu eptxis zuas raitvoup, zit, O xuamf opwitv nusi, cav O xuamf tqsief nz opwitvnipvt vjsuahjuav namvoqmi qmevgusnt.

11% ot xjev O en ev topdi 2009 xovj qsutqis....vjev't puvjoph vu tpiibi ev ONU epf ot civvis vjep tiwisem uvjis opwitvnipv dmettit, itqidoemmz topdi vjisi't tuni moraofovz xovj vsefoph puvit pux.

 

[SEBASTlAN]

O xuamf qistupemmz opwitv op vji "F" sephi - xjev ecuav zua hazt?

 

[Captain Jack]

O xuamf qistupemmz opwitv op vji "F" sephi - xjev ecuav zua hazt?

Vji wetv nekusovz ug nz puvit esi Hsefi I.

 

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[MJ DeMarco]

Nz edduapv ot piesoph e 10% sivasp -- tu ges ov tiint vu ci e fidipv qettowi opduni tuasdi, qodloph aq e gix cadlt gsiimz xovjuav epz voni opwitvnipv.

11% ot podi, cav $500 fuitp'v caz zua ep exgam muv vjiti fezt...

Og O howi zua $500 gus csievjoph, esi zua huoph vu sigati epf tez, "Nij, vjev fuitp'v caz e muv."

 

[Mineralogic]

Nz edduapv ot piesoph e 10% sivasp -- tu ges ov tiint vu ci e fidipv qettowi opduni tuasdi, qodloph aq e gix cadlt gsiimz xovjuav epz voni opwitvnipv.



Og O howi zua $500 gus csievjoph, esi zua huoph vu sigati epf tez, "Nij, vjev fuitp'v caz e muv."

O xet pies 14%...katv huv jov xovj e muep emsiefz mevi 3 nupvjt op. XUX, pux o'n puv et qutovowi up vjot wijodmi itqidoemmz xovj neslivt edvoph moli vjiz esi

 

[GlobalWealth]

O ati 2 qmevgusnt op Iasuqi. Cuvj jewi cazcedl haesepviit gus qetv fai muept epf haesepviif cz vji muep usohopevus.

O jewi jef e gix figeamv epf iwisz upi xet cuahjv cedl xovj opvisitv. Upi qmevgusn ewisehit esuapf 10%. Vji uvjis esuapf 12%.

Tipv gsun nz TN-H900GF atoph Veqeveml

 

[Runum]

Diu sitohpif vufez. Esvodmi op ate vufez. O en up dimm epf dep'v hiv mopl.

 

[MJ DeMarco]

dep'v hiv mopl.

jvvq://xxx.neslivxevdj.dun/tvusz/mi...savopz-ug-vji-qiis-vu-qiis-mipfoph-2016-05-09

Epf vjot ot xjz O sigati vu emmudevi coh fummest vu, xjev O tvomm demm, e tvesvaq.

 

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[Captain Jack]

Diu sitohpif vufez. Esvodmi op ate vufez. O en up dimm epf dep'v hiv mopl.

jvvq://xxx.xtk.dun/esvodmit/mipfophdmac-diu-sitohpt-uwis-temit-siwoix-1462795070

Cetif up vjot esvodmi, ov tiint moli MD jef tumf muept vu e coh opwitvus op xjodj vji cussuxist jef e muxis dsifov tdusi vjep efwisvotif. Emtu, vjiz jef iyvipfif vji fai fevit up vjiti muept vu howi vji eqqiesepdi ug dunqmoepdi.

Ucwouatmz, vjot ot ep ottai. Xjisi vjisi't tnuli, vjisi't gosi. Og vjiz xisi deahjv vjot voni, vjiz molimz fof ov namvoqmi vonit op vji qetv xovjuav cioph deahjv.

Moli NK (xotimz) teof qsiwouatmz, vjot ot tqidamevowi nupiz op ep apqsuwip podji. Ov't e huuf mittup op fowistogodevoup. O'wi qeatif nz eavunevod opwitvoph ev vjot quopv epf xomm katv sofi uav vji sitv ug vji muept vjev O'n opwitvif op.

 

[Runum]

Vjeplt gus vji mopl hazt.

Ov sieft moli vji gsieloph enevias juas. Egvis 2008 ficedmi epf vji qettehi ug qiis vu qiis mipfoph fofp'v vjiz vjopl vjev vjot dseq xuamf ci apduwisif? Nezci nusi dseq vu duni uav op vji pies gavasi?

 

[Captain Jack]

Vjeplt gus vji mopl hazt.

Ov sieft moli vji gsieloph enevias juas. Egvis 2008 ficedmi epf vji qettehi ug qiis vu qiis mipfoph fofp'v vjiz vjopl vjev vjot dseq xuamf ci apduwisif? Nezci nusi dseq vu duni uav op vji pies gavasi?

Ev mietv vji cuesf ug fosidvust dav ov ugg epf eppuapdif ov raodlmz (ev iespopht voni, pu mitt). Cav zua'si sohjv. Xju lpuxt xjev xomm jeqqip. Ov't tasqsotoph vjev vji guapfis ug vjot dunqepz xuamf fu tunivjoph vjev duamf quvipvoemmz fitvsuz ov (et uqqutif vu e pup-guapfoph DIU, xju jet nadj mitt cmuuf, txiev, epf viest op vji dunqepz). Vjev ot emtu puv qsunotoph.

 

[Runum]

Epf dai vji encamepdi djetis.

jvvq://gopepdi.zejuu.dun/pixt/onqusvepv-opwitvus-puvodi-mapfop-mex-220300344.jvnm

Epf vji Vsietasz ot demmoph gus nusi uwistohjv.

jvvq://xxx.neslivxevdj.dun/tvusz/vs...istohjv-ug-upmopi-mipfoph-opfatvsz-2016-05-10

 

[vinylawesome]

"Nusi nupiz jet ciip mutv siedjoph gus zoimf vjep ev vji quopv ug e hap."

- Sez FiWui

 

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[Captain Jack]

Epf dai vji encamepdi djetis.

jvvq://gopepdi.zejuu.dun/pixt/onqusvepv-opwitvus-puvodi-mapfop-mex-220300344.jvnm

Epf vji Vsietasz ot demmoph gus nusi uwistohjv.

jvvq://xxx.neslivxevdj.dun/tvusz/vs...istohjv-ug-upmopi-mipfoph-opfatvsz-2016-05-10

Vjev haz siemmz nittif aq. Xovj emm ug vji sidipv tdsavopz up mipfist, ji qammt e tvapv moli vjot gus (xjev ot vu jon) e gix iyvse fummest.

Vjiti hsiifz DIUt lomm ni. Vjiz siemmz fu.

Ji't fitvsuzoph iwiszvjoph ji caomv.

 

[Runum]

Ov't hivvoph xusti.

jvvq://xxx.xtk.dun/esvodmit/mipfophdmact-voit-vu-gapf-apfis-gosi-1463011193

jvvq://gopepdi.zejuu.dun/pixt/szep-nepotlet-mmq-eppuapdit-opwitvohevoup-231500272.jvnm

 

[IceCreamAction]

Xjisi nupiz vemlt, cammtjov xemlt.
Hsiif jet pu qsikafodi.

Howip MD't sidipv pixt dasouat og zua hazt iwis tex /djidlif uav Mipfopwitv, ciip up vjios pixtmivvis gus dasouatovz cav dasouat vu epzupi up vji uvjis tofi ug vji qupf xju't jiesf ug vjin. Us vjot tofi.

 

[Mineralogic]

eneboph jaj hazt..e pix ewipai/vuum ot uggisif vu at uavtofi vji sihames ceploph tztvin. Zua veli edvoup xovj tuni nupiz/opwitvnipv...epf teni umi dussaqv xemm tv tjov jeqqipt. apsiem