Showing posts with label Musing. Show all posts
Showing posts with label Musing. Show all posts

Tuesday, May 29, 2018

Getting Referral Bonuses for Advertising for LendingClub is Lucrative. "Investing" in LC Loans is Bad. "Investing" in LC Stock is Worse.

A popular blogger whose stated goal is to retire before his dad writes a lot of posts about LendingClub (LC) filled with referral links to open accounts with the same, even though he no longer invest in any more new LC loans due to poor returns. I too have an LC account and likewise no longer investing in any more new LC loans due to poor returns. I believe LC loans are a bad deal for lenders (so called "investors"), and the business model is broken, making its stock an even worse investment, as the stock is currently down 78% from its IPO price of $15. I did subscribe to the LC IPO and got 250 shares at $15 each. Fortunately, I sold them shortly afterwards at around $27. I was in it for the anticipated IPO pop, which was pretty nice.
Image result for referral links

Saturday, November 12, 2016

Trump's Triumph Safeguards Our Freedom, For Now

“A vote for Hillary is a vote to surrender our government to public corruption, graft, and cronyism that threatens the survival of our constitutional system itself,” Trump told an Arizona crowd on Oct. 29. “What makes us exceptional is that we are a nation of laws and that we are all equal under those laws. Hillary’s corruption shreds the principle on which our nation was founded.”

Amen. American voters have made the right choice once again and saved the nation from a downward spiral to corruption. Our civil liberties will be protected. The SCOTUS will be filled with justices who love our Constitution. The abominable Obamacare tax will be repealed. The awful legacy of the past eight years will finally be behind us. Thank you people of Florida, North Carolina, Ohio, Iowa, Pennsylvania, Wisconsin, Michigan and everyone else who helped saved America from the tyranny of the oppressive leftist extremists that try so hard to impose their immorality, high taxes and onerous regulations on the rest of us. God bless America!