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Messages - dmcnic

Investors - P / Loan Volume
« on: October 28, 2017, 11:00:00 PM »
Thanks for making that call to Prosper. I had some additional funds to invest during October, but they've gone elsewhere.
Investors - LC / Worst Month Yet
« on: November 17, 2016, 12:00:00 AM »
You actually get sales with a markup? That's amazing, but I always have to remember that not everyone is like me and looking for a bargain.
Groundfloor is new to me. What made you open an account there when LC already offers home improvement loans?
Investors - LC /
« on: November 12, 2016, 12:00:00 AM »
Investors - LC / October 2016 Statement Results
« on: November 04, 2016, 11:00:00 PM »
With the release of my October 2016 Monthly Statement, I was able to calculate the XIRR of my portfolio. Here are the necessary context numbers:

Percent Invested: 45% (I've been a member for four months and slowly getting invested).

Grade Composition:
A: 45%
B: 19%
C: 21%
D: 5%
E: 10%
F: 0%
G: 0%

Status Composition:
Current: 92%
IGP: 2%
Late: 6%

October 2016 XIRR: 4.80%
Introductions / Joined the Forum
« on: October 31, 2016, 11:00:00 PM »
I've been investing in Lending Club for the past four months. I decided to join after the leadership crisis because the company had their ethics moment and would come out the other side with a stronger sense of providing a good product. I've seen it before and had good luck in the equity market once the initial fervor dies down.

I reached the point where I felt some confidence in the primary and secondary markets and wanted to automate my purchase strategy. I'm an okay Python programmer and was able to construct the code necessary to download and analyze loans on the secondary market. I found this forum with a Google search which provided some guidance regarding the API to make purchases. In spending some time on the forum, I have been impressed with the analysis and clarity of some people who are very regular posters.

I hope to add in my own experiences and help those new to the Lending Club platform on the forums here.
Investors - LC / Worst Month Yet
« on: October 31, 2016, 11:00:00 PM »
I have a new D2 loan that is now IGP. I'm surprised there wasn't even one payment. I don't have a good feeling the loan will ever make a payment, y'know?