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Investors - LC / What point for you is the point of steeply diminishing marginal returns to time?
« on: November 21, 2013, 12:00:00 AM »
I have been very passive for a while as well. While there are better filters to be applied, I don't believe we really know what's right going forward. My assumption is that LC and Prosper are hard at work optimizing risk/APR equation. I tested many suggested filters and they just weren't that great. I am extremely skeptical of any claims that fully aged portfolio can return above 10%.
10%, or 8%, risk adjusted returns are awesome, but you are right, spending ton of time on it is just not something worth doing unless you have a couple million on the line.
I have gone back to rather active approach. But this is only because it benefits my day job. If I was, say an architect, I'd try to scrape enough for PRIME account and put it on autopilot. I would certainly stay invested in the platform as it is still highly attractive from yield and diversification stand point.
10%, or 8%, risk adjusted returns are awesome, but you are right, spending ton of time on it is just not something worth doing unless you have a couple million on the line.
I have gone back to rather active approach. But this is only because it benefits my day job. If I was, say an architect, I'd try to scrape enough for PRIME account and put it on autopilot. I would certainly stay invested in the platform as it is still highly attractive from yield and diversification stand point.
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Investors - LC / Notes stay too long in "Under Review" status
« on: September 17, 2013, 11:00:00 PM »
I placed orders for my notes about a month ago and about 1/3 of those notes are still "Under Review." Of all Under Review notes, 1/3 has been there for over two weeks.
By looking at LC overall data, about 90% of listed notes issued in under two weeks or so. In my math 1/3 of 1/3 is about 10%, so the numbers seem consistent. However, the result is a little shocking. It means that if it takes "on average" 2 weeks to issue a loan, then a month later you will still have 1/3 of your money essentially in cash. Does it make sense?
Second question, is there a way to dump "Under Review" notes?
Thanks!
By looking at LC overall data, about 90% of listed notes issued in under two weeks or so. In my math 1/3 of 1/3 is about 10%, so the numbers seem consistent. However, the result is a little shocking. It means that if it takes "on average" 2 weeks to issue a loan, then a month later you will still have 1/3 of your money essentially in cash. Does it make sense?
Second question, is there a way to dump "Under Review" notes?
Thanks!
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