My 3rd test case on acquiring new notes for
Lending Club involves letting someone else pick them. While following a few
Lending Club investment forums I came across a post from someone wanting people
to watch a video and sign up for a beta test of his software. I did, and have
used his regular suggestions to select a few notes.
There are several services like the one he is developing.
They have been around for a while and either make suggestions or actually
manage your account. Since one of my primary interest is sports wagering, I
would tend to call them touts. Sports touts are really worthless and no one
should invest in them (another story if I ever start posting about sports
wagering). But here I can see some usefulness because of the complexity of
picking notes.
I’m going to use LC Picks because he happened to come along
at the right time. He has made two videos and posted them on Youtube. Here is a
short version of what he is doing,
His initial video is much longer and is worth watching. In
particular, he describes his platform and some of how he picks notes. That
demonstrates some of the complexity of picking good notes.
My test case 3 consists of the notes I purchased with his
ratings 70 and above.
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