P2P Lending / NFT Lending Forum

Last two years interest hasn't covered write-offs and YTD same has held true, but did have a couple of months in the black this year.
I'm down to 89 issued/current notes, but with run out, it'll be another two years before I'm done. 
I can't totally complain, I've withdrawn more cash than I've put in now. 
My combined return is 5.41% (I've bought/sold notes on folio, so it's the closest to a real return number I have). 
In looking at the stats page, I guess I should be thankful for where I'm at with the 5.41% return.  I'm just going to chalk it up to putting in a lot of good filters to find the few notes here or there that hadn't been gobbled up in 3 nanoseconds of being listed.  Sticking with those filters when nothing good showed up.  And then turning off the spigot once the bad news started flowing out of LC. 
My weighted average interest rate is 15.85%, mostly 39% C's, 32% D's, and 21% E's.
Weighted average age of portfolio is now 49.1 months.

https://forum.lendacademy.com/index.php?topic=3551.msg42017#msg88888888Quote"> from: au88 on October 07, 2017, 08:32:23 AM

https://forum.lendacademy.com/index.php?topic=4021.msg36925#msg36925">Quote"> from: Fred93 on July 30, 2016, 06:48:33 PM

https://forum.lendacademy.com/index.php?topic=4021.msg36891#msg88888888Quote"> from: bdonovan on July 28, 2016, 03:15:19 AM

It is not a surprise that cert wasn't granted.  The U.S. Solicitor General both blasted the 2nd Circuit Court of Appeals ruling, but also said that the district court has not yet ruled if Delaware laws apply in this case or not. 

So, it was "too early" for this case to make its way to be heard by the USSC.  The possible twists and turns in this case means it's going to be around for at least a few years. 

Sorry do not have any of those.

Would it be appropriate to say "go fish" now?   https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />

Hi Folks,

I'm a relatively new investor in P2P lending.  So, while I have tried to research this question, I can't seem to find any good info on what the advantages and disadvantages are of retaining a note bound to be charged off as compared to selling the note on folio for a deep discount and taking the loss that way.  About all I can find says, if you sell it off you won't have to worry about future recoveries and can take the whole loss against your gains that year.  My account is not an IRA so there are tax implications. 

Any good links or advice that you've run into on the pros/cons of either?

At the moment, I've one note that "straight rolled" from issue to now 90+ days delinquent, and the borrower's credit score is dropping like a rock.  I've another note that recently went into Chapter 13, so there's nothing I can do about that one.  And a few others just rolled into the 30+ days bucket. 

I am diversified with $25/note investments, with a few exceptions from folio purchases, so these bad apples are not spoiling the whole bunch.  Just trying to figure out what the lessor of two evils are at this point, either way it's a stinky diaper. 

Thanks in advance!