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Messages - J2E

#1
Interesting because I imported mine just fine and didn't encounter any errors.  I'm well over 100 loans.
#2
Investors - LC / Is Folio dead?
May 21, 2017, 11:00:00 PM
I started by listing all my current and issued notes at a 5% markup.  Sold some.  Then once that time frame ran out or they went payment pending, I listed them again at 3%.  Some more sold.  Now I'm listing at 2%.  Some sold.  I figure I'll get most sold eventually.  I do attempt to sell my IGP and late notes but I do mark them down significantly.  On some, I try to list them so that I get my initial investment back.  Don't always sell, but those are the breaks.
#3
Off Topic / IRA contribution from Tax Return
February 22, 2017, 11:00:00 PM
I'm getting a pretty decent tax return this year and I still need to fully contribute to my IRA.  If I plug into my tax software that I contributed the full amount (5500), my return is greater and that would give me enough to fully invest for 2016.  Is this doable, using tax return money to contribute to the previous year's investment?  Seems technically doable and to me ethically fine, but I'm unsure of the legality.
#4
I've tried to get BlueVestment working but no matter what I do, I can't get it to accept my CC to purchase loans.  Interest Radar might get me one loan a month if that.  I'd like to cancel my membership.
#5
I've linked my LC account, entered my API key, set up a new filter and turned it on, set the amount I want per loan and number of notes per loan etc.  The one setting I had that was definitely stopping any investing was the amount per period was set to 0.  Seems to me that'd stop any investing all together.  Now that that's squared away, is there anything else I'm missing?
#6
I'm somewhat in the same boat, I was doing the P2P-Picks when you could do them manually, now I've got everything set in BlueVestment but I haven't seen a purchase in 3 days.  I have 2 P2P-Picks filters created and active.  Here are my settings.  I know the 10% filter will also catch anything in the 5% filter group as well.  I'm not terribly concerned about that for the moment.  From what I can tell I have everything set up correctly, account is linked, filters in place and active, autoinvest is set to active.  Perhaps it really is that nothing is making the cut or something in my filtering is wrong.?

https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fwww.ehrichs.net%2Fimages%2F5.jpg&hash=ce3911748f34a6542c600bb4d48ec111" alt="" class="bbc_img" />

https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fwww.ehrichs.net%2Fimages%2F10.jpg&hash=052f5a37f5d42cef9a20cb2ba9469476" alt="" class="bbc_img" />
#7
Investors - LC / 0 APR Convenience Check
November 23, 2013, 11:00:00 PM
For the people doing this, do you pay the cc minimums from withdrawing from your LC account or from your regular or other income?  I'm considering this for about 10k at 2% up front. I haven't computed the minimum payments but I would likely need to either withdraw every month to pay it back or not invest it in later months to make the last month balloon payment at the end of the term.
#8
I think people breed and sell Alpacas to other people who think they'll be the next big thing, but then all they do is breed and sell them to the next sucker who thinks they'll be big.
#10
Investors - LC / Engaged external collections agency
December 31, 1969, 06:00:00 PM
I currently have 3 notes 31+ days late and 1 default.  Once they hit that 31+ late, I pretty much consider them a loss.  I do list them for sale, but haven't gotten any bites, I've listed them for $7 with 23.xx remaining in principle. 
#11
Interest Radar / New Feature: Geographic Distribution
November 26, 2012, 11:00:00 PM
Like it!
#12
Investors - LC /
December 31, 1969, 06:00:00 PM
I made a stupid sale and sold a note that showed 31+ days late because they'd only made a partial payment.  I had a few others that are 60+ days late with $22-23 remaining and I marked them all at $7 including the partial payment one.  So a $15 or so loss for a loan that probably could have sold for par.  Just have to be more observant in the future.
#13
Investors - LC / Developing a loan filter strategy?
October 27, 2012, 11:00:00 PM
How do you find the filters that work best for you?  ie, reduce default risk while maximizing interest earned?  When I look at the historical data, there are so many possible combinations of factors (income, FICO, DTI, delinquencies, that could influence a loan's 'standing'.  What factors have you come up with that you think have lowered your default rate?  Right now I'm following closely with Peter's High and Medium income filters he posted, thanks!  I really don't like just shotgunning trying out various filter combinations and see what keeps the best rate.

  Doing a brute force on each possible combination is possible, taking hundreds of computer hours I'm sure, but possible, but I'm not sure how beneficial.  The other issue is that you'd have so few matching results, you'd need to compile those results into ranges to get some reasonable pool of loans to have any meaningful statistics.  A sample of 1-2 loans isn't enough.  I'd love to develop a loan strategy for each credit grade, so to have some conservative and some more high risk across the board.  The factors that influence an A rated loan may not be the same as an F or G.

Also, I think something like this has already been done, and no real reason to re-invent the wheel.  See http://blog.dmpatierno.com/post/3161338411/lending-club-genetic-algorithm" class="bbc_link" target="_blank">http://blog.dmpatierno.com/post/3161338411/lending-club-genetic-algorithm where he applies an genetic algorithm to get his results (Way above my skill level).  Amazingly he's shared his code so I'm going to look things over and see what I can come up with.