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Messages - edward

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Investors - LC /
« on: November 19, 2015, 12:00:00 AM »
If it's the joint applicant situation that you're noticing, see the thread below where Lending Club's new policy of allowing joint applicants was discussed. If you're questioning some other technical aspect of it, please pardon, and perhaps others can chime in.
Interest Radar / Loan Information Search for newly issued notes?
« on: November 16, 2015, 12:00:00 AM »
From some other old postings on here, and my own observation, it seems that once the original note disappears from the last 4x-a-day download, IR does not recognize the new loan until they appear in the next quarterly LC download.
PeerCube / "Expected Return" - where does this number come from?
« on: October 26, 2015, 11:00:00 PM »

Is it your understanding that the chart you posted includes both 36 and 60 month loans combined? And that unlike the charts following it on the Lending Club website, this one does not allow you to display the data separated into 36 and 60 months separately?
I can't find the thread, but one poster contacted LC and they said they had problems with placing the loans on the "whole loan" platform, so for a few days until they got that resolved, they had to post all the notes on the "fractional" platform.
30 Peer-to-Peer Lending Experts Reveal Their Top 3 Investing Tips

“If you could only give a novice peer-to-peer lender 3 tips for successful investing, what 3 tips would you give?”

#1 Diversify your loans/Spread your money over many loans – 16 votes
#2 Do your homework/research – 12 votes
#3 Invest in an IRA– 5 votes (* this particular tip was strictly from the US experts & applies to US lending only)
#4 A. Reinvest your returns, don't let returns sit idle – tied with 4 votes
       B. Use automation to invest/reinvest – tied w/ 4 votes
       C. Make loans on various platforms – tied w/ 4 votes
#5 Prepare yourself for limited liquidity – 3 votes

Of course, Peter Renton, is in the list of experts!

P2P-Picks / P2P-Picks is off line
« on: June 30, 2015, 11:00:00 PM »
Under your Portfolio names, what does the "NM" stand for in the PMAX selections? And thanks so much for sharing all your information. It's always so informative to see this type info from experienced investors for comparison.
Interest Radar / Invalid Note or Order Specified
« on: June 23, 2015, 11:00:00 PM »
When using Interest Radar to search Folio notes via numerous strategies, I click on the note number and instead of taking me to the loan history page in Lending Club, my LC account summary page appears with the notation "Invalid Note or Order Specified" within a red shaded bar. I'm not placing an actual buy order, simply having IR call up the note page in LC.  I can only guess that something has happened with the linking between IR & LC--but the error message in LC is something I've never seen either (sorry I don't know how to post an actual screen shot of it here.) I also haven't had a new note purchased by IR with any of my strategies since 6-20-2015. Has anyone else noticed any of these odd behaviors?
Using lascott's website mentioned above where he did the 3-year calculation, I came up $15,000 principal, earning 8%, will yield $100/month with only a $1,000 decrease in value after 30 years. Just a quick way to think about a quasi lifetime income concept using P2P. I know this is assuming a lot of factors, but just thought I'd share it. It was an interesting calculation to me.
Investors - LC / Effect on ANAR when dealing with distressed notes
« on: June 08, 2015, 11:00:00 PM »
Refresh my memory -- when trading in distressed notes on Folio, I seem to remember discussion on here that the Adjusted Net Annualized Return (ANAR) does not accurately report that, since it doesn't account for the gains from the sale. Thus, I seem to remember that some members with significant distressed notes volume were reporting decreasing and even negative ANARs. Do I have that right? Thanks.
"Notice sent to borrower: automated monthly payment failed due to account issue"

Is this another kiss of death, like "payments will be mailed?" What has been your experience?

Would you view it differently at the start of the note repayment process (just working out the routing/account number) as opposed to mid-stream ("hey your borrower just closed their account...good luck.")

LC clearly labels when lack of payment is due to "non-sufficient funds" so it shouldn't be the same as that.

BlueVestment / Using BlueVestment with P2P-Picks for Lending Club
« on: April 19, 2015, 11:00:00 PM »
That's great news. Thank you Bryce!
I only sign into Interest Radar about every week, and each time, my cycle distribution numbers keep changing, sometimes dramatically (both in dollar amount and in day of the month.) It used to always be the first few days of the month, as was expected with LC typically issuing so many loans then, but now each time I log in my big bump keeps changing from the first 5 days of the month to as far as days 5-10. Not a real problem, but I don't understand the reason for the constant changing when it used to be very steady.
Investors - LC / LC lowers rates gain
« on: February 04, 2015, 12:00:00 AM »
Interest rates down or stable, and charge off rates up across the board. Yea, us.  :(
Investors - LC / Credit inquiries
« on: January 05, 2015, 12:00:00 AM »
Do you view the better than expected results (i.e., below your regression line) for 4 & 5 inquiries as anything special, or just random variation/noise? I'm not advocating that as a filter, simply noticed it.
May just be a personal feeling, but a $15 investment going into charge-off isn't nearly as bad as a $25 investment. I've used New Jersey Guy's advice and now folio notes make up about 1/3 of my portfolio. True, it's a lot of time, but with Interest Radar it's not bad. But more importantly, I found it to be an excellent investment in learning more about how notes behave.
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