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You can invest in Lending Club via a tax deferred account like an IRA. You won't be taxed on gains that way. Agree that handpicking is a waste of time. Let the

You can invest in Lending Club via a tax deferred account like an IRA. You won't be taxed on gains that way. Agree that handpicking is a waste of time. Let the autoinvest feature work for you.

hatred 10y ago
You can also use 3rdparty API's like LendingRobot that promise higher returns than LendingClub's own auto-investing feature.
- kilroy123 10y ago
  Interesting. Have you used this?
  - hatred 10y ago
    Yeah, I learnt about it from a fellow co-worker and have been using it for the last 6 months. It's pretty seamless to get started with it and has offered better returns for me then the LC's own auto investing strategy.
bduerst 10y ago
What's the avg return on autoinvest with lending club?
- pmorici 10y ago
  It really depends on what type of loan grades you tell it you want to invest in but the median returns of LC investors is about 7% and depending on how you setup the auto investor but returns of 5-10% are typical. You can look at LC investor returns on their website... https://www.lendingclub.com/info/statistics-performance.action https://www.lendingclub.com/info/statistics-performance.acti...
dmak 10y ago
How does this work? I thought you can't pull money out? So how are you avoiding the taxes this way?