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Messages - ThinleyWangchuk

[1] 2
1
Investors - LC /
« on: April 06, 2020, 11:00:00 PM »
Most of my performance came in the first few years.  Been loosing money ever since. 
2
Investors - LC / Reason Behind Declining Loan Performance
« on: June 16, 2017, 11:00:00 PM »
http://www.businessinsider.com/prosper-and-lending-club-dont-always-verify-borrower-income-and-employment-2017-6

https://www.bloomberg.com/news/articles/2017-06-14/biggest-online-lenders-don-t-always-check-key-borrower-details

http://www.businessinsider.com/credit-card-defaults-have-spiked-as-lending-standards-fall-2017-6

"In the past two fiscal quarters, banks reported a steep rise in credit-card charge-offs — debt that companies can't collect from their customers — according to a report from Moody's....The sharp increase, the largest since 2009, is especially unusual given how strong the US employment market has been, Moody's noted. It suggests that American consumers haven't fallen on hard times so much as banks have started to loosen their standards and issue credit more aggressively."
3
Investors - LC /
« on: April 26, 2017, 11:00:00 PM »
4
Investors - LC /
« on: March 22, 2017, 11:00:00 PM »
Anyone have the link to the percentile calculator?
5
Investors - LC /
« on: February 28, 2017, 12:00:00 AM »
Adjusted Net Annualized Return :   9.81%
Weighted Average Interest Rate:   20.95%
Weighted Average Age of Portfolio:   28.4 mos
Number of Notes:   1,353

vs All Accounts:
95.71
vs Similar Age Accounts:
99.25
vs Similar Age and WAIR Accounts:
97.30

--

Adjusted Net Annualized Return3 ?:   15.87%
Weighted Average Interest Rate:   20.76%
Weighted Average Age of Portfolio:   51.2 mos
Number of Notes:   79

vs All Accounts:
99.83
vs Similar Age Accounts:
0.00
vs Similar Age and WAIR Accounts:
0.00
6
Investors - LC /
« on: December 07, 2016, 12:00:00 AM »
7
Investors - LC / Worst Month Yet
« on: November 20, 2016, 12:00:00 AM »
I'm giving up on P2P unless the interest rate on C loans and below increase 10%+. Same underwriting standards but going to earn ~0% net of losses. Disappointed.

http://247wallst.com/banking-finance/2016/11/16/surge-in-online-loan-defaults-sends-shockwaves-through-the-industry/
8
Investors - LC /
« on: October 05, 2016, 11:00:00 PM »
What is are Policy Code 2 loans?
9
FolioFN - Prosper / FolioFn discontinued
« on: September 28, 2016, 11:00:00 PM »
We are writing to let you know that as of October 27, 2016, Prosper will no longer offer the Folio Investing Note Trader platform, the secondary market for Prosper Notes. Prosper has found over time that very few investors are using the secondary market and, as such, has made the decision to no longer offer this service. We apologize for any inconvenience that this causes. Prosper remains committed to its retail investor clients and to providing them a great experience.

Here's what this means for you: The secondary market trading service will be available as normal until end of day (5:30 pm PST) October 19, 2016. After that time, any new orders to list Notes for sale will not have sufficient time to be completed and processed before the site becomes unavailable to users at the end of day (5:30 pm PST) on October 27, 2016.

Once the secondary market trading service is terminated, you will not be able to sell Notes that you own, and you will need to hold them to maturity.

If you have questions about your Notes or the wind-down of the Folio Investing Note Trader platform, please contact Prosper customer service at 877-611-8797.
10
Investors - LC /
« on: September 22, 2016, 11:00:00 PM »
11
Investors - LC /
« on: August 31, 2016, 11:00:00 PM »
Will update my info soon...  Currently my ANAR is ~2% less for all accounts.
13
Investors - LC / Where did all the loans go?
« on: July 21, 2016, 11:00:00 PM »
# of new loans of platform has decreased materially in the last few days.  Any idea why?
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