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Messages - Rhonda9080

Foliofn - LC / Getting Shafted Buying Notes?
« on: September 24, 2017, 11:00:00 PM »
I have now been noting when the last payment was posted so I don't get into the cancelled, payment processing thing like I did before. Not rocket science, but I didn't understand at first why some sales or buys were cancelled. Dumb me.
« on: September 16, 2017, 11:00:00 PM »
Based on the better returns and liquidity, I'm thinking to let my Prosper account run its course, using reinvest at LC and their Folio secondary market. I really like Prosper, but the lack of liquidity is a big drawback for a small investor. 
FolioFN - Prosper / FolioFn discontinued
« on: September 16, 2017, 11:00:00 PM »
This is an old thread, but having recently discovered Folio secondary market for WAY better returns on my LC notes, I am considering letting my Prosper notes run their course. The lack of liquidity is a problem and a bit scary for me as small investor. Plus, I like to play, even if its just extra peanut returns  ;D
General P2P Lending Discussion / Fred93 returns - Lendingclub vs Prosper
« on: September 16, 2017, 11:00:00 PM »
I started off with exact same amounts in LC and Prosper, but over time, Prosper has not been stunning, and lagged behind LC until suddenly - just in past few months - I got a flurry of late and charge-offs in LC. Whoa! It was bad! I am getting LC back on track by use of the secondary market by selling off any questionable, late or non-seasoned notes. Returns so for 23+% (but only for the Folio notes).
While Prosper has slightly out-performed, using the Folio secondary platform has opened up more liquidity for my (SMALL) investment capital.
Foliofn - LC / Was this a Good Deal or What?
« on: September 16, 2017, 11:00:00 PM »
Lucky you! As a buyer, my experience with secondary market has been good (23+ % returns on folio notes!!!) but I wish I could increase my sales of non-seasoned notes. I'm getting mediocre sales at abt 2.50 markup - but these are my falling credit or unseasoned notes so maybe I should be content? 
Recently, after a huge walloping loss to my LC account due to flurry of late and charge-offs, I greatly boosted my LC returns by buying only on the Folio platform, sticking to seasoned notes, etc. I'm so pleased with results so far that I've been rolling over my all reinvestment money from LC into the folio platform. I have a so-so 6.35% return from Prosper, but I'm considering liquidation as loans are finished because they don't offer secondary market.

Can anyone explain to me why Prosper discontinued secondary market? As a very small investor with little fresh investment funds, it certainly makes me nervous that I can't sell or buy - especially notes I could get at deep discount. Any opinions or discussion on this would be much appreciated!
General P2P Lending Discussion / HELP! LC portfolio got slammed to -2.57!!!
« on: September 16, 2017, 11:00:00 PM »
I am a very small investor on both Prosper and Lending Club. Recently, my LC portfolio got slammed to -2.57 due to a flurry of late and charged off loans. Oh! The pain in my little purse! Anyway, I was considering complete liquidation when I did a little study of the Folio platform and decided to try sell-off of all unseasoned loans, but use money to reinvest only in seasoned loans on folio with less than 15 payments left. I even bought a couple with less than 5 payments. My Folio notes return is projected at 23.32% now, and combined (with adjusted for past due) is now -59. I guess that's better than -2-57? Is there nya good long-term strategy for recouping losses and getting my P2P back on track?

Any advise would be very appreciated. I have my late and grace period notes up for sale at deep discounts (abt-30%) but no takers.

I also wish in some ways I could liquidate Prosper because they don't offer secondary market anymore, and I could use the liquid investment money to work with, but they are outperforming what I see on LC right now. Any advise there?

Thank you!