Lending Club is poised to have an IPO next year. I wondered, will owning stock in Lending Club be a good investment, particularly at the IPO? For this post, I’ll cover Financial Services IPOs in general, and in a future…
Monthly Archives: August 2013
Peer Lending Returns: July
Note: these returns are the personal returns of Sam Fetchero, not client returns. If an investor used Peer Lending Advisors to select loans for them and they experienced the same returns, Net returns would be lower by 1.5% of assets…
Posted in Returns
What is the impact of employer on Peer-to-Peer Loans?
Peer Lending Advisors manually underwrites every loan, which includes reviewing every borrower’s employer and ensuring they have a steady job. A basic guiding principle is that people with unsteady jobs (think minimum wage and high-churn jobs) have higher default rates, and people…