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Eman
@
2013 Sep 3, 5:42pm
@swebb,
Sounds like you target government employees. :)
Lending Club is definitely not for me.
Yeah, government employees with 10 years under their belt are really hard to fire and unlikely to quit...but it's the credit card refinancing loan purpose that attracts me the most.
To be fair to Lending Club, there are "hands off" options that let you pick your portfolio mix (and filters) and they will automatically re-invest for you...I'm not sure how well you fare on the shotgun approach, though...LC says I should expect about 11% from my mix which is nominally 17.25%.....that's a lot of defaults. Maybe I am dodging a few here and there by picking by hand?
Eman
@
2013 Sep 4, 2:53pm
Yeah, government employees with 10 years under their belt are really hard to fire and unlikely to quit...but it's the credit card refinancing loan purpose that attracts me the most.
To be fair to Lending Club, there are "hands off" options that let you pick your portfolio mix (and filters) and they will automatically re-invest for you...I'm not sure how well you fare on the shotgun approach, though...LC says I should expect about 11% from my mix which is nominally 17.25%.....that's a lot of defaults. Maybe I am dodging a few here and there by picking by hand?
Seems like you did your homework and it has paid off so far. Congrats. Like everything else, you have to find your niche. Now, if you can find your niche in real estate, you will not have time to screw around with stocks and Lending Club. :)
Now, if you can find your niche in real estate, you will not have time to screw around with stocks and Lending Club. :)
Heh. I suppose so. The nice thing about stocks and LC is that you can do it while keeping a normal job. Real estate takes more capital and time. You are right, though, it can be a lucrative business. I watched as my parents methodically acquired, renovated and managed one property after another...I'll probably acquire my rentals more organically...buy a new house to live in, keep the current one as a rental. Rinse and repeat a few times.
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I was in and out of AGNC for a while, and then have been out for good since the beginning of 2012 (?), so I missed most of the climb up and dividends in the mean time..
It has taken a big hit lately...I'm starting to watch it more closely again, anyone with thoughts on this?
I know there has been a lot of press about how QE is going to hurt the spreads, etc...Also they have announced a buyback program, which might be a reaction to fewer good opportunities to invest..
Thoughts, anyone?