Hello,
I am just getting started out and am about to do my first round of investing in Lending Club. I have set up my BlueVestment account and registered with P2P-Picks, linking everything together. I am trying to figure out what the filters are exactly.
I think that I would like to try out the p2p-picks filter. When I set that up in BV, should I just select the percentile after I set maximum ROI? Or is it important to narrow it down further using the other filters available?
Can anyone also point me to some how to guides for making sure that I have utilized the BV options as well as the p2p-picks filters correctly?
Once the filters are in place, how do I see the available notes to invest in? Is that only through the LC dashboard? BV's dashboard?
Thank you for your help in advance!
I'm somewhat in the same boat, I was doing the P2P-Picks when you could do them manually, now I've got everything set in BlueVestment but I haven't seen a purchase in 3 days. I have 2 P2P-Picks filters created and active. Here are my settings. I know the 10% filter will also catch anything in the 5% filter group as well. I'm not terribly concerned about that for the moment. From what I can tell I have everything set up correctly, account is linked, filters in place and active, autoinvest is set to active. Perhaps it really is that nothing is making the cut or something in my filtering is wrong.?
Here was the 6pm load today. There were 8 Top 10/5. BlueVestment is a little slower on the gun because it was my first integration project. I currently run the picks on my server and send them to BlueVestment. That transit time is too long nowadays. I need to get BlueVestment a copy of LendGuardian so they can run the picks locally and act as soon as they see the new loans.
1 43265401 2015-03-10 18:00:02 0.0584787 116.6 C 36 10 0
2 42315888 2015-03-10 18:00:02 0.0986978 128.3 E 36 5 0
3 40930509 2015-03-10 18:00:02 0.0256624 120 C 36 5 0
4 43185338 2015-03-10 18:00:02 0.0814319 124 E 36 5 0
5 43275896 2015-03-10 18:00:02 0.0772231 125.4 E 36 5 0
6 43195423 2015-03-10 18:00:02 0.0472488 129 E 36 5 0
7 43287326 2015-03-10 18:00:02 0.0751391 116.5 C 36 25 0
8 43255693 2015-03-10 18:00:02 0.0976061 118.5 D 36 25 0
9 43165466 2015-03-10 18:00:02 0.0740807 115.5 C 36 25 0
10 43185399 2015-03-10 18:00:02 0.0695868 115.8 C 36 25 0
11 43095467 2015-03-10 18:00:02 0.0755079 117.5 C 36 25 0
12 43004635 2015-03-10 18:00:02 0.115438 120.7 D 36 25 0
13 43235444 2015-03-10 18:00:02 0.097698 120 D 36 25 0
14 43287251 2015-03-10 18:00:02 0.113875 117.2 D 36 25 0
15 43215586 2015-03-10 18:00:02 0.0854311 119.4 D 36 10 0
16 43286194 2015-03-10 18:00:02 0.0826364
Hmm. I'm not sure. From what I could tell, the P2P-Picks only uses 1%, 5%, and 25%, and any other value is irrelevant. So, I think that both of your filters would be doing the same thing, perhaps it is the redundancy that is causing issues?
I set it up to do the p2p-picks first, then to move on to a custom filter I created by looking through statistics.
Looking at the availability of the loans, it seems that they are getting funded faster than they can be created, which makes me think that riskier loans will be brought to the playing field as the demand increases.
I'm wondering what people think about this. Is it more reliable, and/or a faster execution, to use the automated investing option through Lending Club, instead of using the third party options? I saw somewhere that BlueVestment was getting delayed data for when loans posted. It would seem that the automated investing tool, along with some personal saved filters in the Lending Club website. What do other people think?
Hello brycemason! Thank you for jumping in here! Your posts often provide great insights, so I appreciate it! So, is the time delay issue prominent? Do the loans get fully funded before BlueVestment users get a crack at them? Until this trouble gets resolved, is it worthwhile to invest using the automated investing on LC?
Also, can you explain what the various columns are in the data you posted?
Thanks!
Yea my Bluevestment hasn't gotten anything lately. I may need to look at another P2P picks provider -- have you talked to LendingRobot at all Bryce?
I spoke with Emmanuel a really long time ago when he was first posting on news articles and their concept was in the nascent stage. It didn't go anywhere. I'd be happy to have them as a distributor, but I don't think it fits their business model. They have their own algorithms and ratings.
Yes, the website is current. There is a change/addition on the horizon, however.
Everyone but BlueVestment runs the scoring (LendGuardian) locally.
BlueVestment has been given a copy of LendGuardian for their stack. They will soon be making my picks locally to improve speed.
That's great news. Thank you Bryce!