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Messages - brother7

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I visited the Upgrade website. Couldn't find any opportunities for investors, only borrowers. Not really P2P, I guess.
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General Discussion / Peer Street
« on: February 21, 2017, 12:00:00 AM »
I joined PeerStreet in December, 2016 and like it a lot. I've stopped reinvesting in LC notes, slowly shifting capital to PeerStreet.

LINK FOR 1% YIELD BUMP: Join PeerStreet
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General Discussion / List of US P2P Real Estate (Crowdfunding) Platforms
« on: February 08, 2017, 12:00:00 AM »
REITs offered by Fundrise, RealtyMogul and Rich Uncles are open to non-accredited investors.
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Investing - General (not P2P) / Betterment: a best-of-breed robo-advisor
« on: January 24, 2017, 12:00:00 AM »
My brother has four kids, all under 18. As a good uncle, I want to ensure their financial lives get started on the right foot.

We started with Lending Club custodial accounts. They're adjusted NARs were 4-5%. Better than a savings account but short of what I expected.

I began researching real estate crowdfunding opportunities. It seems the ones available to non-accredited investors are all REITs (Fundrise, RealtyMogul, Rich Uncles). Plus, either me or their dad will need to actively monitor the investments until the kids are financially responsible enough to oversee their own accounts.

Then I stumbled upon a growing area of fintech called "robo-advisors". Researching further, I came across Betterment which sounds perfect for what we want to accomplish. Basically, it uses the investor's profile (age, net worth, risk tolerance, etc) to customize a portfolio of stock and bond ETFs. The portolio rebalances on it's own. Aside from adding funds, it's a set-it-and-forget-it way to build long-term wealth.

I opened and funded my own Betterment account to experience how the whole thing works. I really like it! For a young adult with limited knowledge of investments, it's a great way to start.

As each kid turns 18, we'll halt Lending Club reinvestment and move funds into Betterment. In addition, we plan to take advantage of the annual gift tax exclusion to start shifting assets to the next generation.

To learn more about Betterment, check out Investor Junkie's in-depth review of Betterment.
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Investors - LC / Does LC Suffer Fools Gladly?
« on: January 18, 2017, 12:00:00 AM »
I've experienced declining returns for several quarters which is why I'm looking into real estate crowdfunding now.
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General Discussion / Fundrise
« on: January 17, 2017, 12:00:00 AM »
Took the plunge into real estate crowdfunding this morning with a $3,000 investment into Fundrise's eREITs.

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Investing - General (not P2P) / Robo-advisors?
« on: January 04, 2017, 12:00:00 AM »
I have a friend who's young, not investment-savvy and wants to start a Roth IRA. I did some research and will advise her to look into Schwab Intelligent Portfolios.

UPDATE: As I did more research into robo-advisors, I found one of the main complaints about Schwab Intelligent Portfolios is cash drag. It seems the best-of-breed robo-advisors are Betterment and Wealthfront. It's a toss-up, with most comparisons I've read giving the very slight edge to Betterment.
Check out InvestorJunkie's reviews of robo-advisors, a deep-dive into every major player in the robo-advisor space.
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Investing - General (not P2P) / where to invest further
« on: January 04, 2017, 12:00:00 AM »
I'm in both Prosper and LC like you. Like a lot of people, I've experienced declining returns this year, with Q4 2016 XIRR = 2.42%. I'm seeking greener pastures and have my sights on real estate crowdfunding. Under consideration are PeerStreet and Fundrise. I'm leaning more toward PeerStreet because of 1) 1st lien position and 2) short 6-24 month loans. If I were in my 20s-40s, I'd consider REITs offered by Fundrise and others. But the lack of liquidity in private REITs probably isn't desirable for older investors, especially if you're close to retirement.

That's my 2 cents. YMMV.
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General Discussion / Any recommendations for RE crowdfunding?
« on: January 01, 2017, 12:00:00 AM »
I'm looking for recommendations for any real estate crowdfunding opportunities to consider, along with an explanation of why the site deserves consideration.
Am looking to diversify (currently invested at LC and Prosper) into real estate.
Thanks in advance and HAPPY NEW YEAR!
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General Discussion / 2017 resolution: transition from LC to PeerStreet
« on: December 28, 2016, 12:00:00 AM »
I've halted Automated Investing at Lending Club and plan to redeploy funds into real estate crowdfunding.
PeerStreet appeals to me right now. (use affiliate link for 1% Yield Bump)

What convinced me to switch was this Invest Like a Boss podcast (episode 13) comparing PeerStreet and Lending Club.
I like the idea of secured real estate loans vs unsecured consumer loans. The fact that PeerStreet has yet to have a defaulted loan speaks volumes. I expect year-end tax reporting to be a lot easier too.

I'm also researching Fundrise for relatives who are close to retirement and looking for retirement income.

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P2P-Picks / P2P-Picks ends in 1 week. What will YOU do?
« on: June 22, 2015, 11:00:00 PM »
With the end of P2P-Picks in 7 days, what strategy are people switching to?
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P2P-Picks / Closing P2P-Picks Newsletters and Your Alternatives
« on: June 07, 2015, 11:00:00 PM »
Thanks for all that you've done. My experience with the P2P marketplace has been a pleasant one thanks to generous community members like you.
Best of luck in your future endeavors!
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NSR Invest / Issue date for backtesting
« on: June 07, 2015, 11:00:00 PM »
With the impending shutdown of P2P-Picks, I've decided to go back and design my own filters for LC and Prosper using NSR.

My question: What range of issue dates do you guys use when backtesting on LC and Prosper?

My initial thought is to use 10/14/2008 (LC) and 07/15/2009 (Prosper) as the starting issue date, as those are the dates of SEC approval. Or perhaps I should choose a later date like 01/01/2010 to lessen the impact of the earlier years (the wild wild west years) of P2P.
For ending issue date, I'm torn between 07/01/2014 or 10/01/2014 to allow the younger notes to age and possibly default. Also, note that the current datasets include originations through 03/31/2015.

PS I primarily invest in 36-month notes.

Thanks in advance for any feedback.
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P2P-Picks / P2P Picks and NSR
« on: May 15, 2015, 11:00:00 PM »
The way you phrased your question is confusing.
Do you want to backtest the P2P-Picks publications using NSR? Or do you want to invest using P2P-Picks and NSR as your autoinvesting platform?

from: investny on May 13, 2015, 12:23:38 AM
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Investors - LC / Reinvestment amount in relation to total notes
« on: April 27, 2015, 11:00:00 PM »
To those who reinvest their LC payments into new notes, what increment do you choose?

I've been reinvesting in $25 increments. My active note count is approaching 1000. I recall that the guideline for a diversified portfolio to manage risk is 200 notes and that's supported by LendingMemo's article "When 200 Ain’t Enough: Diversification & Risk in P2P Lending", even for a portfolio of E-grade notes.

I'm starting to think that I don't need 1000s of notes and am contemplating increasing the reinvestment increment to slow the growth of the active note count.

Thoughts?
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