How to invest in Lending Club (Method #2)
This procedure will show you the step-by-step instructions on how to invest in Lending club.
Step-by-Step Instructions
1. First go to URL www.lendingclub.com, Click “SIGN IN” at the upper right corner and sign in using your email address and password. Then click on the blue “Sign In” button.
Image Link: https://www.screencast.com/t/ouAEtxX8z
2. Once signed in, click on “Invest” tab.
Image Link: https://www.screencast.com/t/u6Td7xFEHzJ
3. Ignore “Investment Strategy” and Click on the “Manual Investing” tab.
***Note: Unless directed to use investment strategy by Coach never use the Investment strategy.
Image Link: https://www.screencast.com/t/0U6mfxSs
4. Set your filters, “Max per note” should be $25 under Build a portfolio menu. Uncheck 60-month under Filter loans and Click on “Update Results”.
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Image Link: https://www.screencast.com/t/C7GzLAESe
5. At the upper right corner we would notice the number of notes available, to view all notes on one page click “All” from the dropdown list.
Image Link: https://www.screencast.com/t/BUVlyo6w1o2G
6. You can now check the notes you would want to purchase and Click “Add to order”.
***Notes: You can choose any of the notes that you would like to purchase. You can choose all notes by checking investment to choose all the notes.
Image Link: https://www.screencast.com/t/MBE00lsRs
7. On the Final loan purchasing page make sure you check all the notes under Term to make sure it the right purchase and click “Place order”.
***Note: make sure you check because once you click “place order” you can’t undo that or cancel the order. The only way you can do to get rid is to sell them.
Image Link: https://www.screencast.com/t/K6AYIvNHH
9. On the “Confirmation page” you have to assign notes to a portfolio and click “Assign”
***Note: If it is your first time you can type 1 as your first portfolio, the amount of the flip and the date. For example: 1-10k-May2018.
See image: https://www.screencast.com/t/C6TpIe2bR0
IF you already have a portfolio you would have to choose a portfolio you already created and click “Assign”
***note: The only time you make a new portfolio is when you are doing a new flip.
See image: https://www.screencast.com/t/uVvDMz5r
10. Click “Holdings” at the Top and click “Portfolios” to check the portfolio you just created
Image Link: https://www.screencast.com/t/2NsrZXqU3Bwb