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Messages - storm

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48
Investors - LC /
« on: December 30, 2016, 12:00:00 AM »
Combined ANAR:  9.75
Weighted Average Interest Rate:   15.21%
Weighted Average Age of Portfolio:   30.8 mos
Number of Notes:   6,171

A(0.0%) B (6.5%) C(46.2%) D(24.0%) E(18.2%) F(3.9%) G(1.2%)
36(30.4%) 60(69.6%)

vs All Accounts:  95.92
vs Similar Age Accounts:  96.94
vs Similar Age and WAIR Accounts: 88.57

XIRR:  10.07%
49
Investors - LC /
« on: December 01, 2016, 12:00:00 AM »
Combined ANAR: 9.80%
WAIR:  15.30%
Weighted Average Age of Portfolio:   31.0 mos
Number of Notes:   5,746

A(0.0%) B (2.6%) C(47.3%) D(24.9%) E(19.8%) F(4.1%) G(1.3%)
36(23.7%) 60(76.3%)

vs All Accounts:  95.44
vs Similar Age Accounts:  0.00
vs Similar Age and WAIR Accounts:  0.00

XIRR:  10.05%
50
Investors - LC / Service fees in first year
« on: November 07, 2016, 12:00:00 AM »
I think you are confused.  Lending Club still charges a 1% servicing fee on all loan payments in an IRA-type account.  The self-directed IRA custodian fee ($100) is waived the first year with a $5k deposit and subsequent years as long as you keep $10k invested.
51
Investors - LC / Worst Month Yet
« on: November 02, 2016, 11:00:00 PM »
52
Foliofn - LC / how often is folio inventory CSV file updated?
« on: October 21, 2016, 11:00:00 PM »
I think FICO trend is pretty simplistic.  If the borrower's score is higher than when they first applied for the loan, then it shows an up arrow.  If the score is currently lower than when they originated the loan, then it will show down.  I've seen a quite a few notes where the chart only shows the initial score, and doesn't seem to get updated monthly.
53
Investors - LC / LC raises rates 10/2016 and updates loss forecast #s
« on: October 14, 2016, 11:00:00 PM »
I will say I am impressed LC sent an e-mail to both my taxed and IRA account e-mail addresses pointing out that platform investors ought to read this.  I hope they continue doing this as well as separating the shareholder information from the platform data.  They could have just made another SEC filing and hope nobody noticed.

Thanks, as always, Fred93.  I'm not much of a numbers guy (or letters for that matter), but your charts speak volumes.
54
Investors - LC / 2015 & recent loan quality
« on: October 09, 2016, 11:00:00 PM »
This chart certainly has me recontemplating my strategy.  Thanks for putting it together.
55
Investors - LC /
« on: September 30, 2016, 11:00:00 PM »
3rd quarter update.  LC has really been charging off the loans.   :(

Combined ANAR:  10.00%
Weighted Average Interest Rate:   15.31%
Weighted Average Age of Portfolio:   30.1 mos
Number of Notes:   5,712

A(0.0%) B (2.4%) C(46.1%) D(25.4%) E(20.7%) F(4.1%) G(1.4%)
36(21.4%) 60(78.6%)

vs All Accounts:  94.09
vs Similar Age Accounts:  98.92
vs Similar Age and WAIR Accounts:  98.15

IRR:  10.18%
56
Investors - LC / I thought the LC IPO was a good thing...boy was I wrong
« on: September 10, 2016, 11:00:00 PM »
Past performance is not necessarily indicative of future results.
57
Investors - LC / My ANAR is down over 1% in less than a month...
« on: June 20, 2016, 11:00:00 PM »
Cash drag is not factored into the ANAR calculation.  Yes, my ANAR has gone down in the past month, but not quite that much.  Hard to say if LC is just writing off a bunch of bad loans, or the underwriting is faltering, or the economy is tanking.
58
Investors - LC /
« on: May 18, 2016, 11:00:00 PM »
I received the e-mail for my IRA I opened a few months ago, but not for my 8-year-old taxable account.  At any rate, I replied as well suggesting they implement a BRV.  I'm seeing some deeper discounted notes on Folio too.  Maybe LC will hear us.
59
Investors - LC / What are you doing with the LC notes now?
« on: May 13, 2016, 11:00:00 PM »
I'm finding lots of bargains on Folio right now.  I've put my automated investing on hold as I have been able to find second-hand notes with the same narrow criteria I use for new notes with flat or upward FICO score trend and at a  2-5% discount.  Prior to this week, it was extremely rare to find them discounted.  My returns are holding steady.  I think unless you are a stockholder or institutional investor, this week's news doesn't really have any impact.

That said, if I could diversify into Prosper loans in my state, I would probably look into that.  I might put my future contributions toward paying down my mortgage.  But then there are bargains to be had on Folio.  Decisions, decisions...
60
Investors - LC / Can someone offer some Investor 101 for a newbie?
« on: April 04, 2016, 11:00:00 PM »
I would recommend paying off your debt first (excluding mortgage) and building up a emergency savings (3+ months living expenses) before investing.  What money you'll earn while investing is going to be offset by the interest you are paying on your loan.  You might be able to make a little more interest on your savings by depositing it into an online savings account which pay around 1% or more right now.  Bankrate.com and Fatwallet track the better paying banks. 

Previous posters have linked to lots of good resources on investing.  Do your research and understand the risks.  I wholeheartedly recommend P2P lending, but it is relatively new, and not everyone may be comfortable with it.
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