P2P Lending / NFT Lending Forum

Hi,

What states are people not lending to, due to the drop in oil prices? I noticed a Florida loan last night that was getting zero funding, looked decent, but was higher grade and in FL. I'm thinking of eliminating FL, TX. Is FL oil producing?

Larry

https://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm

Florida apparently produces 6 thousand barrels of oil per day. This is insignificant compared to the US total of 9,347 thousand bpd. I personally just limit my investments in each state to be no more than 5% of my total portfolio value. I don't really worry about regional recessions any more now that California, Texas, Florida, and New York aren't making up 80% of my portfolio.

Hi Booleans,

Quote

I wrote code to invest through Lending Club's API. I manually download my notes_owned spreadsheet (I'm not a very experienced programmer and am unsure how to grab that file programmatically) and then my code does the rest.

Thanks for the explanation Booleans.

I'm not a coder, I invest automatically using one of the popular online tools, which to my knowledge doesn't have functionality to balance a portfolio by state (or other attribute).

If anyone knows of an automated online investment tool that has that ability, I'd been keen to hear about it.

Thanks again.

 

Given the state volume differences (for example for last quarter ending 9/30/15, CA had $323M of $2.235B of the total LC issuance, or ~14.46%), it would be difficult to find enough loans to cap all of the CA, TX, FL AND NY states at 5% given that these 4 states alone accounted for ~38.34% of the loan issuance last quarter.  You may be able to redline 1 or 2 of these 4 states, but good luck finding enough loan volume from other states.

I'm not aware of any third-party providers that have enabled the capping of state allocation as a percentage of your portfolio.  It is a fairly simple if you have basic programming skills to implement this.

Personally, I redline NY (my default rate from this state was quite a bit higher for some odd reason).  My loan issuance by state is below:


State  %ofIssued
TX   13.83%
CA   13.54%
PA   4.92%
VA   4.71%
NJ   4.63%
FL   3.62%
IL   3.26%
NC   3.26%
OH   3.26%
MD   3.19%
GA   3.11%
MA   2.90%
WA   2.61%
CO   2.46%
IN   2.39%
LA   2.39%
MO   2.32%
AZ   2.24%
MI   2.10%
OK   2.03%
AL   1.81%
SC   1.52%
TN   1.52%
OR   1.45%
MN   1.30%
KS   1.01%
NV   0.94%
NY   0.94%
KY   0.72%
UT   0.72%
AR   0.65%
WI   0.65%
HI   0.51%
NH   0.51%
NM   0.51%
MS   0.36%
WV   0.36%
RI   0.29%
MT   0.22%
ND   0.22%
WY   0.22%
CT   0.14%
DC   0.14%
DE   0.14%
NE   0.14%
AK   0.07%
SD   0.07%
VT   0.07%
   

My changes at the state level for one of my accounts from 9/27/2015 to 1/7/2016

"Lost Rate Diff" % in red means it has gone up ... but you have to eyeball that with the yellow column (% of issued / number of notes).

I don't see anything I'm concerned about.

Via InterestRadar tables