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Messages - fliphusker

#1
Investors - LC / Best way to measure true return?
August 09, 2017, 11:00:00 PM
Does anyone use Google docs to calc XIRR? If so can you give me a quick tutorial?
#2
LendingRobot / LendingRobot and NSR Invest join forces
August 09, 2017, 11:00:00 PM
Have you ever chatted with NSR? I am going to assume not. I generally get a response from them on their chat within hours, if not immediately. Did BETA testing with them and they are great to deal with. Every one of my questions and concerns has been replied to.
As an NSR user, I am excited to see what changes. That is, if I remain investing in the FOLIO market.
https://forum.lendacademy.com/index.php?topic=4538.msg41667#msg88888888Quote"> from: Lovinglifestyle on August 10, 2017, 11:33:06 AM
#3
I still will never understand this narrative. What is a good note? What makes a bad note? Your interpretation will most likely not be the same as another's.
If they are bad, why would anyone invest in them? Because there is nothing else to invest in?
#4
Investors - LC / Strategy of buying grace period notes
August 05, 2017, 11:00:00 PM
The other thing to keep in mind is if the note starts going 16 days. LC very well might not only take your interest but principle too due to fees. I am sitting on a note that I have tried selling that is 30 days late for the past 3 months and has three months left on it. $0.15 fee kills the $0.05 I get in interest.
I would be really interested in reading how those guys who buy the loans at 90% discount fair that the notes in absolutely going to default. I get it that they are grabbing some collection fees and the occasional note that starts paying. I guess it must work for them otherwise there would not be a market right?
#5
I ran a strategy for a number of months with something similar to you Emily. Was a high-risk high reward strategy where I really did not care about the FICO score as long as it was stable for 8 months. 16 YTM min and notes could not be more than $12. These notes, of course, were never late, but definitely did not stop them from going late or defaulting. http://forum.lendacademy.com/Smileys/default/sad.gif" alt=":(" title="Sad" class="smiley" /> The strategy ran well for awhile then a big rash of BKs really sucked a lot of the profits out of it.
Been going with a new strat the last four+ months that is way less risky. Only buy about 50 notes per month. So I am just small time so I can be very picky. Two notes just popped up in IGP out of the blue that has not made their first payment to me. So I am seriously contemplating my future with FOLIO. The time involved with handpicking can be frustrating. Ending up with buying multiples of the same notes from NSR is excruciatingly frustrating.
Emily what you mentioned about the FICO score not telling the whole picture in regards the FICO direction is the main reason I could never go automated in buying FOLIO.
#6
Foliofn - LC / Secondary Market Inventory LOW
July 21, 2017, 11:00:00 PM
I have not paid much attention to the overall amount of loans on the FOLIO market, but was it at nearly 800K? When I was paying attention probably a couple of mounts ago, it was generally around 600-650K.
Sure we all know that what, 90% of the notes on FOLIO is probably incorrectly priced. (Is it higher?) So did it just take the people out who was setting every one of their loans at a markup at let's go with 5%?
I have not seen a drop in quality notes to buy via handpicking.
https://forum.lendacademy.com/index.php?topic=4519.msg41456#msg88888888Quote"> from: jpildis on July 22, 2017, 11:42:53 AM
#7
What is a Credit Personal Loans?
#8
I was going to make some long comments, but at 12:52 I chuckled and seen that on your fav bar you have torrents and top 100 proxies. OOPS. https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />
Might want to redo your video and pull that one from youtube so people will actually take you seriously.
Good luck with your project. https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />
#9
We all know that the FOLIO site is a complete and utter joke, but it is also filled with other holes.
This is an utter joke that this note could even be listed. How is it even possible that it can be listed?
https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=58872301&order_id=81760876&note_id=93487787" class="bbc_link" target="_blank">https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=58872301&order_id=81760876&note_id=93487787

173% markup with a YTM of almost -1200?
#10
So they are seeing this as an issue with FOLIO bogging down their servers?
LR does not let you handpick notes if I remember right? I think that is why I never used them.
That sucks though with the volume that you deal with. I am sure you will not use NSR as believe you can only hand pick. PeerCube?

#11
Investors - LC /
July 08, 2017, 11:00:00 PM
You would be wise to go back and read any post that Fred has made. He is a very valuable member here and has written extensively about the issues with 2015 and 2016 notes.
When I came here Fred was one of the guys that I read as much as I could from. Gleamed a ton of knowledge from him, along with many others here. I will have to check out your blog.
Good luck.
https://forum.lendacademy.com/index.php?topic=4488.msg41285#msg88888888Quote"> from: OleBill on July 09, 2017, 03:14:35 PM
#12
Quote
#13
Just sounds like it is listed in the "whole" loan market, not fractional.
#14
General P2P Lending Discussion / consumer distress
June 11, 2017, 11:00:00 PM
What is not surprising is how these cards are used. Synchrony is mainly store cards, if I have that right, and AMEX would be an everyday card. AMEX also has pretty tough standards on FICO score approval. I do find it odd that Discover is quite low. I figured that they are easier to get would lead to a higher default rate.
Is this a turn for the economy or just a statistical outlier?
https://forum.lendacademy.com/index.php?topic=4464.msg41103#msg88888888Quote"> from: Fred93 on June 12, 2017, 01:34:24 AM
#15
Suggestions / web server problems
May 22, 2017, 11:00:00 PM
Come on now, I may not say much useful, but I am definitely not spam!!!! http://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />
http://forum.lendacademy.com/index.php/topic,4434.msg40969.html#msg88888888Quote"> from: RyanL on May 23, 2017, 01:48:33 PM