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I put money into LC's automated investing system 25 days ago. The money has been gradually lent out, and I expect the last loan to close today or Monday. Ther
by kbob 10y ago
I put money into LC's automated investing system 25 days ago. The money has been gradually lent out, and I expect the last loan to close today or Monday. There were plenty of borrowers at the low-risk, low-interest end of the scale, but it took a long time to lend out the money in my high-risk pools. It's too early to extrapolate, but I expect a noticeable fraction of my money to be uninvested most of the time.
LC's documentation says lenders with a large uninvested percentage get priority over lenders who are almost fully invested. That matches my experience. I hit 80% invested in four or five days and waited until now for the last 20%.
- pc86 10y agoSo the moral of the story is to put in ~20% more than you want to invest then pull the remainder out once you hit about 80% allocation? :)