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In other words it just takes 1 bad loan out of 20 to wipe out all the profits. Odds at vegas seems 150% better.
by WWKong 10y ago
In other words it just takes 1 bad loan out of 20 to wipe out all the profits. Odds at vegas seems 150% better.
- ngould 10y agoHistorically people have made money on Lending Club, and lost it in Vegas. I'll stick with Lending Club.
- jonknee 10y agoThere's not enough data to tell historically if people make money on Lending Club or not. People have historically made a lot of money on all sort of risky investments right up until they lost it all.