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Messages - YellowSeed

#1
Investors - LC / RIP Lendingclub Notes
October 06, 2020, 11:00:00 PM
If you really want to still invest in these notes, Prosper is still there.  I wonder how long they will offer P2P notes.
#2
Investors - LC / Funds or DIY
August 02, 2015, 11:00:00 PM
2 and 20.  WOW!  I had no idea this was going on with P2P funds.  Straight up 2 and 20 with no preferred returns/hurdles?  1) I would find one of those PPMs an interesting read and 2) regardless of how well it read I would stay FAR away.  Maybe Accel or Sequoia can have my money on these terms, but in this industry F no.
#3
I added a few bucks to my Prosper account to try out your service with P2P Picks.  I selected auto-invest profit maximizer with $25/note.  After two days, here is what I have:

$100 invested - 3 B notes and 1 C note

A hit rate of 0.04%

Two notes where the listing was closed before my investment was placed.

Also, your dashboard shows that I invested twice in the same notes (attached), but your risk management feature seems to have blocked the 2nd investment and only $25 was invested.

The biggest surprise is the hit rate which you define as the number of notes that hit the platform that meet my criteria.  The 0.04% number seems very low.  Why is the hit rate so low for the p2p Pmax strategy?