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- Lending Club - Time to panic? - Mr. Money Mustache
Lending Club - Time to panic?I'm really debating this both as an investor and as someone interested in their stock I hate accounting irregularities, but if its earnings are accurate, they'll make about 0 27 share this year Financials trade between a 12 and 20x multiple and this one might be able to grow a little more At a 15 PE, the stock is worth about 4 05 The drop is from reeling back
- Lending Club - Time to panic? - forum. mrmoneymustache. com
Lending Club - Time to panic?Two weeks ago I started selling off my LC loans I am probably 80-90% into cash by now The returns have just not been worth keeping the account open and the larger worry of something else going to zero All my loans are in a IRA account, does anyone know what the fees will be to transfer the balance to my Schwab IRA? I fear that I will be left with 5 32$ in the
- High Yield Savings Account - forum. mrmoneymustache. com
I was hoping somebody with recent experience could tell me what they've used for high yield savings accounts I'm currently looking at Lending Club, and just making sure I have deposits of $250 month to get their premium rate
- Peer to Peer Lending (Investors) - forum. mrmoneymustache. com
Lending Club notes could only be sold on PortfolioFn as of a year ago (probably still true) And the loans for sale on PortfolioFn were much lower quality (higher default risk) than the average Lending Club loan of the same category If you go with Lending Club, consider it a very high risk loan program without liquidity that charges 1 00% per
- Lending Club taxes - Form 1099-OID
Lending Club taxes - Form 1099-OIDThanks for the detailed explanation, Cathy, and for the other responses as well If I understand correctly, I can report the amount shown on the OID form along with bank interest in Schedule B, Part 1 Logged Print Pages: 1 « previous next » The Money Mustache Community » Learning, Sharing, and Teaching » Investor Alley » Lending Club taxes - Form
- Filing taxes for Prosper and Lending Club. 1099-B confusion!
I have similar docs for Lending Club I have done the 1099-OIDs in the past, so I think I'm good there I'm using H R Block online Premium software (fyi) I don't know why these P2P lending taxes are so confusing to me! Is my understanding correct here: On one 1099-B under 1d- Proceeds it says $1 14 Under 1e- Cost or other basis it says $808 80
- Yieldstreet - reminder that illiquid, crowdfunded investments mostly suck
I remember when Lending Club was all the rage on this very forum In hindsight it all looks very silly There's hundreds of billions smart money sitting on the sidelines at all times, if these investments were that good surely they wouldn't need $5,000 checks from Joe Investor
- LENDING CLUB SUCKS!
« on: October 29, 2014, 03:53:25 PM » i hate to say it but i wont make another loan at lending club if you browse notes you will now see the city the borrower lives in has now been replaced with just the first 3 digits of the zip code i very often would google the city the borrower would come from and see what housing costs, whats the property tax on average and other information lending
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