Skip to main content
Skip this menu

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - runnovato

I have been very passive for a while as well.  While there are better filters to be applied, I don't believe we really know what's right going forward.  My assumption is that LC and Prosper are hard at work optimizing risk/APR equation.  I tested many suggested filters and they just weren't that great.  I am extremely skeptical of any claims that fully aged portfolio can return above 10%.

10%, or 8%, risk adjusted returns are awesome, but you are right, spending ton of time on it is just not something worth doing unless you have a couple million on the line. 

I have gone back to rather active approach.  But this is only because it benefits my day job.  If I was, say an architect, I'd try to scrape enough for PRIME account and put it on autopilot.  I would certainly stay invested in the platform as it is still highly attractive from yield and diversification stand point. 
Investors - LC / Notes stay too long in "Under Review" status
« on: September 17, 2013, 11:00:00 PM »
I placed orders for my notes about a month ago and about 1/3 of those notes are still "Under Review."  Of all Under Review notes, 1/3 has been there for over two weeks. 

By looking at LC overall data, about 90% of listed notes issued in under two weeks or so.  In my math 1/3 of 1/3 is about 10%, so the numbers seem consistent.  However, the result is a little shocking.  It means that if it takes "on average" 2 weeks to issue a loan, then a month later you will still have 1/3 of your money essentially in cash.  Does it make sense?

Second question, is there a way to dump "Under Review" notes?