Title: FolioFN Return Calculation!!!!!!!
Post by: rawraw on September 17, 2014, 11:00:00 PM
Post by: rawraw on September 17, 2014, 11:00:00 PM
It has finally arrived!!
Title: FolioFN Return Calculation!!!!!!!
Post by: GS on September 17, 2014, 11:00:00 PM
Post by: GS on September 17, 2014, 11:00:00 PM
Man, that just goes to show what I had suspected all along. According that, my return on "traded" notes is 15.87%, while my return on primary/held notes is 9.5% ... I haven't sold any notes this year, due to the IRA rule.
I was working a very nice buy/hold/trade plan last year ... sucks that they shut it down.
Now, they need to figure out a way to get it back. Pronto!
I was working a very nice buy/hold/trade plan last year ... sucks that they shut it down.
Now, they need to figure out a way to get it back. Pronto!
Title: FolioFN Return Calculation!!!!!!!
Post by: jpildis on September 17, 2014, 11:00:00 PM
Post by: jpildis on September 17, 2014, 11:00:00 PM
Very nice. As an active trader and inventor for the past two years, I've had to rely on my own XIRR calculation (currently showing 16%) to gauge my success. LC is showing:
- 18% on primary
- 17.79% on traded
- 17.86% on combined
Not sure why LCs numbers are so much higher
- 18% on primary
- 17.79% on traded
- 17.86% on combined
Not sure why LCs numbers are so much higher
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TonySaunders on September 17, 2014, 11:00:00 PM
Post by: TonySaunders on September 17, 2014, 11:00:00 PM
It's the same as my own calculated value:
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
It's cool that there's a standard way of comparing our relative performance. I'm instantly jealous of anyone whose doing better than me.
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Aaahaha! Check this out. Actually, I'm quite surprised it's not negative because I only sell notes that are having problems and I don't really buy any on Folio.
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
My Folio notes are overwhelming sales of either grace period notes before the processing patch and negative FICO. I'm a little amazed I've kept a mark up that high for those notes, which reduce my defaults drastically.
Also, they redid the compare returns graph to where it only compares LC loans to LC loans. I'm significantly above the peer group of similiar interest rate, and up there with people with much higher interest rates. Got to love avoiding defaults
Also, they redid the compare returns graph to where it only compares LC loans to LC loans. I'm significantly above the peer group of similiar interest rate, and up there with people with much higher interest rates. Got to love avoiding defaults
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Also, I'm curious to see Core's and NJ's Folio NAR
Title: FolioFN Return Calculation!!!!!!!
Post by: core on September 17, 2014, 11:00:00 PM
Post by: core on September 17, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Post by: TravelingPennies on September 17, 2014, 11:00:00 PM
Surely took competence to write four extra pages :-)
Title: FolioFN Return Calculation!!!!!!!
Post by: PeerSocialLending on September 17, 2014, 11:00:00 PM
Post by: PeerSocialLending on September 17, 2014, 11:00:00 PM
So I commonly use my personal estimates assuming worse case scenario (100% charge off for IGP through Default). My anar shows actually higher (over 16%) when I use my estimates vs. Lending Clubs (13%). Am I missing something or have I found a bug? Anyone else see the same behavior?
Title: FolioFN Return Calculation!!!!!!!
Post by: Randawl on September 17, 2014, 11:00:00 PM
Post by: Randawl on September 17, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: Fred on September 18, 2014, 11:00:00 PM
Post by: Fred on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: core on September 18, 2014, 11:00:00 PM
Post by: core on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: hoggy1 on September 18, 2014, 11:00:00 PM
Post by: hoggy1 on September 18, 2014, 11:00:00 PM
I don't think they have it split out correctly yet. If you switch on and off the "Adjust account value and returns for past-due Notes" the adjustment is the same for all 3. That just can't be right. I'm not even certain the traded note count is correct. What if I bought the note on the trading platform and sold it on Folio? Is that is the traded category?
Title: FolioFN Return Calculation!!!!!!!
Post by: rawraw on September 18, 2014, 11:00:00 PM
Post by: rawraw on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: PeerSocialLending on September 18, 2014, 11:00:00 PM
Post by: PeerSocialLending on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: turing on September 18, 2014, 11:00:00 PM
Post by: turing on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: Lovinglifestyle on September 18, 2014, 11:00:00 PM
Post by: Lovinglifestyle on September 18, 2014, 11:00:00 PM
My screens don't have the "Historical Returns" line.
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
I agree, if your investment strategy depends on the cash being available then it is an integral part of the investment vehicle as you implement it. But most people on the board are not in that situation and there are often repeated references to cash drag and inclusion of idle cash in NAR calculations none of which I have ever understood.
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Post by: TravelingPennies on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: GS on September 18, 2014, 11:00:00 PM
Post by: GS on September 18, 2014, 11:00:00 PM
I can see my interest received data by expanding the "Payments" sections on the same page.
Title: FolioFN Return Calculation!!!!!!!
Post by: hoggy1 on September 18, 2014, 11:00:00 PM
Post by: hoggy1 on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: Fred on September 18, 2014, 11:00:00 PM
Post by: Fred on September 18, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: Ran on September 19, 2014, 11:00:00 PM
Post by: Ran on September 19, 2014, 11:00:00 PM
I think there are some problems with LC's Trade Note ANAR calculation. I buy and hold Folio notes, half of which are Late 16 or 31+ notes when I bought them. My XIRR is ~40% for >$50k invested in Folio notes. On Thursday when LC's calculation first came out my Trade Note ANAR showed 22% and today shows -8%. But my XIRR barely changed in the last 2 days. Clearly LC is doing something wrong.
I think LC are shooting themselves on feet when they are doing principal/interest accounting and amortization stuff. They should have gone XIRR's route, etc., calculating returns based on bank transactions(deposit and withdraws) and end of period account market value. It's simple and clear and is actually what investors really care about at the end of the day. Just like operating a fund, when you report fund return, you should not report stock/bond return, but how much money the fund investors pooled together and how much the fund is worth today. If cash is not invested but held in LC account, it's still part of investment earning 0% ANAR return, plain and simple.
I think LC are shooting themselves on feet when they are doing principal/interest accounting and amortization stuff. They should have gone XIRR's route, etc., calculating returns based on bank transactions(deposit and withdraws) and end of period account market value. It's simple and clear and is actually what investors really care about at the end of the day. Just like operating a fund, when you report fund return, you should not report stock/bond return, but how much money the fund investors pooled together and how much the fund is worth today. If cash is not invested but held in LC account, it's still part of investment earning 0% ANAR return, plain and simple.
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: SBryantMS on September 19, 2014, 11:00:00 PM
Post by: SBryantMS on September 19, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: Rob L on September 19, 2014, 11:00:00 PM
Post by: Rob L on September 19, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: PeerSocialLending on September 19, 2014, 11:00:00 PM
Post by: PeerSocialLending on September 19, 2014, 11:00:00 PM
And the changes keep rolling in. No more custom adjustments...
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: core on September 19, 2014, 11:00:00 PM
Post by: core on September 19, 2014, 11:00:00 PM
Ok, so the link is gone. Presumably everyone had their settings exactly where they wanted them. So what are we so mad about here? The fact that you can't change it to settings that you don't want? 
Anyway here is the link. It still appears to function fine.
https://www.lendingclub.com/account/investorReturnsAdjustments.action
During today's cowboy coding, what they certainly did not fix is the limit. It is still stuck at 100%. By the way I have no problem with cowboy coding in a production environment. That's the way I've always done it. Usually while polishing off a case of Bud Light in the office at my desk, too. Customers liked the fast changes. It seemed to piss off other employees though, especially customer support who were taken by surprise. Too bad for them. Then again I was not working in finance... big difference. Also I do not make mistakes. Well except for that one time when an Oracle cascading delete took me by surprise. That was a two case job that night to restore stuff.
Anyway here is the link. It still appears to function fine.
https://www.lendingclub.com/account/investorReturnsAdjustments.action
During today's cowboy coding, what they certainly did not fix is the limit. It is still stuck at 100%. By the way I have no problem with cowboy coding in a production environment. That's the way I've always done it. Usually while polishing off a case of Bud Light in the office at my desk, too. Customers liked the fast changes. It seemed to piss off other employees though, especially customer support who were taken by surprise. Too bad for them. Then again I was not working in finance... big difference. Also I do not make mistakes. Well except for that one time when an Oracle cascading delete took me by surprise. That was a two case job that night to restore stuff.
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Post by: TravelingPennies on September 19, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 20, 2014, 11:00:00 PM
Post by: TravelingPennies on September 20, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 20, 2014, 11:00:00 PM
Post by: TravelingPennies on September 20, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: hoggy1 on September 20, 2014, 11:00:00 PM
Post by: hoggy1 on September 20, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 20, 2014, 11:00:00 PM
Post by: TravelingPennies on September 20, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: Randawl on September 20, 2014, 11:00:00 PM
Post by: Randawl on September 20, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: Lovinglifestyle on September 20, 2014, 11:00:00 PM
Post by: Lovinglifestyle on September 20, 2014, 11:00:00 PM
Title: FolioFN Return Calculation!!!!!!!
Post by: TravelingPennies on September 21, 2014, 11:00:00 PM
Post by: TravelingPennies on September 21, 2014, 11:00:00 PM
THE LINK IS BACK.
Title: FolioFN Return Calculation!!!!!!!
Post by: core on September 29, 2014, 11:00:00 PM
Post by: core on September 29, 2014, 11:00:00 PM
I spoke with Lending Club about the 100% limit last week. I don't know why I even bothered with the direct approach this time. Bashing them here on the forum seems to work better for fixes.
They refused to spend development time for working on something which only affects a handful of investors. Ok, I can understand that. But when I asked what possible work would have to be done since the system already calculates the number (to know that it's over 100%) I didn't receive a good answer. Maybe I got a chuckle out of him. I think the rep was placed in the unfortunate situation of defending something that was obviously silly.
I did learn one interesting tidbit though: There is also a lower limit of -100%. At the time this made sense to me, but I was in error because I forgot that this is annualized. It most certainly would be possible to have a traded notes return way under -100%. Last year I think I traded with some people sporting such returns.
So it seems Lending Club doesn't want to show returns which are "too" good. But they also don't want to display returns which are too poor. How convenient.
Stay tuned for the next episode when they decide limits of -15% to +15% would be better for their PR purposes, and use the "vast majority" as an excuse.
They refused to spend development time for working on something which only affects a handful of investors. Ok, I can understand that. But when I asked what possible work would have to be done since the system already calculates the number (to know that it's over 100%) I didn't receive a good answer. Maybe I got a chuckle out of him. I think the rep was placed in the unfortunate situation of defending something that was obviously silly.
I did learn one interesting tidbit though: There is also a lower limit of -100%. At the time this made sense to me, but I was in error because I forgot that this is annualized. It most certainly would be possible to have a traded notes return way under -100%. Last year I think I traded with some people sporting such returns.
So it seems Lending Club doesn't want to show returns which are "too" good. But they also don't want to display returns which are too poor. How convenient.
Stay tuned for the next episode when they decide limits of -15% to +15% would be better for their PR purposes, and use the "vast majority" as an excuse.