P2P Lending / NFT Lending Forum

UPDATE: OLD THREAD:  I've had my LC account for about a year now and have been investing via Bluevestment using my own filters.  So far I've been pleased with BV.  I've now opened up a second LC account for an IRA account and I'm trying to decide whether to stick with BV for this account or perhaps go with Lending Robot. Overall, BV's fees appear less than LR for larger investments.  Anyone used both?  Any thoughts or suggestions?

LR is more built to do the picking for you IMO

LR has Folio, BV does not

Those are the differences.

from: rawraw on January 17, 2016, 08:55:09 AM

from: rawraw on January 17, 2016, 08:55:09 AM

from: lascott on January 17, 2016, 10:16:57 AM

from: michael49 on January 17, 2016, 09:01:19 AM

I gave LR a shot with their aggressive setting and it didn't seem to pick up any loans for me. I think it did buy two loans at some point which LC did not issue (not LR's fault), but after a week or two, I just gave up on it. Kind of disappointing since I had high hopes.

Haven't tried BV

from: icanhasloanz on January 23, 2016, 01:15:04 AM

from: RaymondG on January 23, 2016, 10:09:04 AM

from: RaymondG on January 23, 2016, 10:09:04 AM

I searched the forum and came up with the following discussions related to loan volumes. In my own experience, it's not uncommon that I might not be able to buy a note for several days in a row.

To evaluate a filter/model, I would first make sure it can pick up enought loans to invest by backtesting. I believe some sites may give you this information given your setting. To estimate roughly, a 10,000 account, avg interest rate 15%, mostly 5-year notes, the expected monthly cash payments received would be roughly about = (10000/5 + 10000*15%) /12 = 3500/12 ~= $300 a month. Add a layer of cushion to ensure the monthly payments being able to be reinvested.

http://www.lendacademy.com/forum/index.php?topic=3422.msg30491#msg30491
* Please see the chart posted by lascott.

http://www.lendacademy.com/forum/index.php?topic=3431.msg30560#msg30560

http://www.lendacademy.com/forum/index.php?topic=3462.30

http://www.lendacademy.com/forum/index.php?topic=3428.0

Pretty old discussion:
http://www.lendacademy.com/forum/index.php?topic=2917.0

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When you use the manual Rules in LendingRobot one of the features is to give you and estimate of loans based on the past couple weeks.


<snip>


Lot of cycles with loans. One thing that I think that helped in the past year is LendingClub being open to more states since the IPO. I think it is up to 43 (and DofC).

BlueVestment.com Chart
Image: http://i.imgur.com/GcKAe3G.png


PeerCube Chart
Image: http://i.imgur.com/tbLCp3v.png

from: RaymondG on January 23, 2016, 07:34:10 PM

Decided to stay with Bluevestment for my LC IRA - first time I've used Bluepicks - chose the aggressive filter without any additional filters.  I also opened up a new portfolio in my LC non-IRA account - again using Bluepicks aggessive but this time with a few additional filters - it will be interesting to compare the performance of these over the next couple of years.

Michael - How well is BV and Bluepicks working out for your IRA? I'm interested to know the number of loans it got in the past year and your ROI on them if you like to share.

from: icanhasloanz on January 24, 2016, 07:03:58 PM

UPDATE:  Thought I would update this thread.

I started using Bluepicks aggressive filter about a year ago.....

My primary account account has used a variety of filters since its inception but has only invested with Bluepicks aggressive over the past year:

Your Notes purchased on the Lending Club platform
Adjusted Net Annualized Return:   7.67%
Weighted Average Interest Rate:   17.01%
Weighted Average Age of Portfolio:   13.0 mos
Number of Notes: 1,302



My IRA acct was started just about a year ago and Bluepicks is the only filter investment strategy that I've used.  The acct is about a year old:

Your Notes purchased on the Lending Club platform
Adjusted Net Annualized Return:   6.41%
Weighted Average Interest Rate:   19.75%
Weighted Average Age of Portfolio:   8.6 mos
Number of Notes:   305


As far as I know Bluepicks is not investing in the secondary market at all at this point.  I understand that LC has taken a hit over the past year but my returns have not been great with BP and I have been thinking of giving Lendingrobot a try.

For those using LR how has the experience been? Has the secondary market investing been beneficial ?

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from: SLCPaladin on December 11, 2016, 09:57:29 PM

I had a rule that bought only the highest "Expected Returns" from Lending Robot for a long time. Unfortunately this is one of my lower performing portfolios (<4%).  I am now using NSR's Aggressive management on my IRA and it is doing well (currently 10.4%)....but the notes there are newer so just may not yet be hitting their default peak. I had also started using Bluevestment's more conservative BluePicks Moderate for my taxable account and they are doing OK as well (7.9%) but again the note are newer there too).  I went more conservative on my taxable account hoping to have fewer capital losses going forward. But now I've stopped reinvesting totally in my taxable account for a while.

I really like the LR guys and their overall website and research and blog posts, etc., but I have to say I've been disappointed in the performance of notes that were supposed to have high expected returns. 

I haven't used any folio trading options on my accounts. It's not clear to me how LR charges you if they later sell a note they bought for you...do you still pay the charge until the note would have been paid off?  I'm also definitely concerned about the tax reporting implications of folio trading in a taxable account (keeping track of adjusted basis on individual notes, etc).  If I ever do enable folio, it would be in my IRA.


Sent from my iPad using Tapatalk

I started using Blue vestment's picks in Feb 2016,  using both the moderate and aggressive filters with my own filters added to each one,  so far I've accumulated 201 loans, I have 2 IG which should go current, but I have 2 that are 31-120 late which were issued in March and April, these will be going in to default next year no doubt.  So that would be 1% default to date.

Still too soon to comment on their performance,  but would be happy to provide an update in a couple months.

I did try LR for a very short time, and plan to try it again, but there must have been a user error on my end, I was using the default filter, can't recall the name, but it appeared to not include G notes, well, I picked up one G note, wasn't happy about it, so I turned it off until I could find time to figure it all out.  On a side note, LR also picked up a number of E's as well. Of the 17 notes, I have 1 B, 3 D, 12 E, and 1 G. 

If you ever start buying notes automatically again I'de recommend creating filters for each loan grade to improve quality instead of lumping everything into a one or two filters. If you go that route as I've realized even though I don't use auto buying is that unless there is a feature to select the percent for each grade you want is to manually shut off the filters for a given grade once your desired threshold has been met.

from: dbailey75 on December 13, 2016, 12:31:12 PM

from: jz451 on December 13, 2016, 03:51:45 PM

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from: SLCPaladin on December 14, 2016, 08:38:24 PM

from: rubicon on December 14, 2016, 09:06:41 PM

here are the details: https://resources.lendingclub.com/Tax-Guide-for-Retail-Investors-2015.pdf

from: rubicon on December 15, 2016, 07:46:33 PM

from: BruiserB on December 13, 2016, 12:03:54 PM

Quote"> from: rubicon on December 14, 2016, 09:06:41 PM