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Old 10-14-2010, 12:31 PM
Onomatopoeia is offline
Join Date: Jul 2005
Location: 小浜国
Posts: 6,550
Originally Posted by Mama Zappa View Post
Originally Posted by Onomatopoeia View Post
A question for the experienced LC lenders here.

Is there a maximum I can invest across all loans? For example, can I lend $10,000 across, say, 80 to 100 loans, or is there a limit?
I'm quite certain you can lend 100 or more on a single loan (which would fit the 10K/100 loan scenario).

They have people with quite large portfolios - Chessic Sense mentions someone with 7 million.

And they can take quite large deposits e.g. 100,000 at once, per some emails I've gotten. This hasn't been an issue for me nor will it be any time soon .
Thank you. That's good information, which, for me, begs the question, why aren't more people using LC as an investment vehicle? Even if all you could expect is, say, a 4% ROI, that's much more than you're going to get at any bank, and the more diversified you are, the less risk you take. Or am I missing something?

I'm seriously considering dumping some cash into LC. I've read the info on their website, and it seems a little too good to be true, so I want to temper my expectations with facts from the real world.

Last edited by Onomatopoeia; 10-14-2010 at 12:34 PM.