Would anyone be interesting in testing an algorithm I wrote, for free, using the Lending Club Platform? If so just send me a message or respond in the thread. Been tweaking it for about 3 years and it's doing really well 9-10% NAR with really low defaults <2%. Looking for about 15-20 folks tops.
Thanks!
Yea, my algorithm ends up reducing the total loan volume to about 15% of the total loans. ~15% (+/- a few %) may not sound like much but it should still be able to support 5,000-7000 active users annually.
The only reason I have that number of loans from my video is because I started with a set amount of cash (3 years a go to test this out) and only reinvested the amount of principal and interest I received from the initial loans. Otherwise I could fund very large amounts of money.
Thanks,
-Chris
Also, each one of my loans is 1% or less of my total investment value. I created a website that automates the selection process. Check it out below. It' free for now.
YouTube Intro:
https://www.youtube.com/watch?v=dIE5bVgj8eE&t=3sRegister Here: LCPicks.com
Let me know if you have any questions along the way just send me a message and I'll help out.