It looks like the service has been discontinued.  Anyone have another favorite that will automatically purchase notes?

For what its worth, here is an update of the a chart @Fred93 has presented before (and is mentioning in the post just above this one, from the downloadable chargeoffs spreadsheet), suggesting 2016 Q2 and Q3 are the worst and some improvement since then, although there is some grade dependency.

It look like 2012 Q4 was that last *great* time to be an investor in the higher risk grades.  I didn't plot earlier than that because volume was so thin (only 432 notes in 2011 Q4, grades D-G, for example, increasing to 753 in 2012 Q1)

I'm trying to put these thread updates into context.  We know there is a *account* performance curve that bottoms out at around 15 mo, based on the weighted average age of the holdings within the account.  We know that an account with continuous re-investment of note payments (and little contribution of new funds) should eventually stabilize at a weighted age of around 15 mo, if heavily skewed towards 36 mo notes.  The curves that LC presents are not weighted by account *size*, however...  one hypothesis is that the performance distribution of accounts with a weighted age out 20-30 months are getting lifted by accounts skewed towards 60 mo notes that are still in re-investment, while masking the lower returns of smaller accounts that are winding down.

Since re-investment has been stopped, it seems like this thread is essentially presenting the play-by-play that feeds "performance by vintage" charts like what @Fred93 had posted in a few threads, for example: https://forum.lendacademy.com/index.php/topic,4113.msg40832.html#msg40832.

Has anyone with a more agile feel for these numbers gotten a sense of whether these results are basically consistent with what we'd expect for an account that is winding down (perhaps adjusted for the now-known poor quality of the last vintage purchased in this account)?  It may not drive my decision-making, but I'd like to refine my expectations of what the eventual wind-down period will look like, and how long the account needs to exist in the re-investment state to cover the wind down costs and still meet my goals.

I received it... doesn't look especially targeted, to me.

Edit:  For context, I'm ~4 mo into my Lending Club experience, and fully invested / re-investing in two IRA accounts.

from: AnilG on July 21, 2017, 06:09:11 PM

from: Rob L on June 14, 2017, 11:28:40 PM

I moved my IRA to Lending Club this year.  I consider the bonus they offered to just be a reimbursement of the costs that will eventually be incurred to close the account.  I'm glad you've shared your painful experience though, it helps me feel prepared.