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 - turing

[1] 2 3
Archived Sites - No Longer Operating / Apparently Site is Closing
« on: November 13, 2015, 12:00:00 AM »
Yeah, we decided it was time to close and focus on other projects/businesses.

We can't maintain the percentile rank calculator anymore, but here is the info for anyone who wants to make it themselves:

Send POST request to this url with your email address and password
login_email=your email address
login_password=your password

Get data:
Send a POST request to this url with the following data points
myWeightedAvgIntRate=your weighted average return

You will get back a JSON file with a bunch of age and anar data points.

Hopefully someone else can recreate this program using the above info.  It has been a fun project to work on, but now is the time to end it.

Thanks for the question.  I'm not sure I understand what you are asking.  I don't know what PLS stands for and none of our products take into account cash levels.  Did you mean to ask this in another forum thread?

Sorry if I just don't understand and it is meant for me.
Investors - LC / LC lowers rates gain
« on: February 05, 2015, 12:00:00 AM »
If every single note is being funded then this definitely makes sense.  There is too much demand and not enough supply.

Sure it would be great to keep on making the same return, but LC needs to adjust to market conditions.  If I were in their shoes I would do the same thing.
Investors - LC / FICO drop exemplar grande
« on: February 04, 2015, 12:00:00 AM »
I guess they decided LC loan was the only one they were going to pay.  With steep decline like this, they must be delinquent on other accounts.
Investors - LC / Lending Club Cost Basis
« on: February 04, 2015, 12:00:00 AM »
This will be my first year filing taxes with LC account.  I'm dreading it because it is new, fairly major ripple in taxes AND it sounds like LC is throwing some nice curve balls at us too.
A number of people asked us to add recommendations for secondary market notes because they can't buy on the primary market.  We just launched the service today.


All notes recommended must pass these criteria:
  • Pass our model's qualifications (based upon info at note approval)
  • Current on payments
  • FICO score hasn't dropped more than 15 points from original FICO score

You can click a 'history' link to see full details on the note.  This is always free.

Clicking 'invest' button has same pricing structure as primary market notes.  It takes you to Foliofn with that note ready to add to your cart.

Full info and screenshots:

This is a new feature so please give us your feedback.
Investors - LC / Lending Club now available in Massachusettes
« on: December 23, 2014, 12:00:00 AM »
I'm assuming this is due to some change in MA state law and not due to Blue Sky rules as part of IPO.  Or would those start this quickly?
Investors - LC / LC loan credit trend statistics
« on: December 17, 2014, 12:00:00 AM »
"About a quarter of people will see their credit score shift up or down by more than 20 points versus the previous three months, according to Anthony Sprauve, the spokesman for, the consumer education arm of FICO. Seventeen percent of scores move that much each month."


Credit scores change quite in small increments.  Up or down a little bit is mostly noise.  The degree of change up or down is more important than simply direction.
All accounts during the first month got 20 free clicks for creating an account.  We are dropping this promo on Tuesday December 9th.

All accounts will still get 5 free clicks every month.
Very observant.  I noticed this yesterday too when buying some notes for my personal account.

That happens when there are very few notes found meeting our criteria.  Basically, not enough to make a page 2.  We will need to add some logic to remove the button when there are so few results.

LC inventory has really dried up a lot lately.  Maybe they are building inventory for post IPO or massaging quarterly numbers.
Good question.  We decided to provide all 3 percentiles on the tool so uses could see how they compare to different subsets.   Some users might want to know how they are doing vs all other investors.  Others might want to see how they do vs only users with the same age or same risk.

Not perfect analogy, but sort of like mutual funds comparing themselves to SP 500 vs only small company index.

In terms of our marketing on the site we chose one metric on the home page for simplicity.  Having one percentile that is easy to understand vs having multiple percentiles vs having another percentile that takes more explaining.  We chose simplicity and then share more details on the full results page.

We made the same decision with ANAR vs XIRR.  We display one rate, ANAR, on most of the site but our results page gives the XIRR too.

I hope this answers your questions.  Let me know if I didn't.
Investors - LC / Lendinc CLub vs. BIC comparison
« on: November 19, 2014, 12:00:00 AM »
Quote"> from: BIC website
Right now our note page shows 3 data points (subgrade, interest rate, term, loan purpose).  Like this:

Is there other loan data you would want to see when deciding which notes to buy?
[1] 2 3