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Messages - princeb

#1
LendingRobot / Needed improvements to Lending Robot
September 28, 2015, 11:00:00 PM
I really like the LR platform and automated buying in the secondary market.   Some areas that do need improvement ASAP are:

1) excluding buying multiple notes from same loan (this is a MAJOR flaw that can greatly amplify risk using LR, and it obliterates the competitive advantages gained)
2) automate selling via predefined criteria
3) similar to Prosper, calculate FICO changes rather than just up, down, or same
#2
Foliofn - LC / FolioFn and taxes
August 24, 2015, 11:00:00 PM
Does LC support exporting tax data into Turbotax?
#3
FolioFN - Prosper / Prosper FolioFN platform is junk
August 24, 2015, 11:00:00 PM
Investing in LC and Prosper.   While Prosper FolioFN has some neat features that LC doesn't, below are the reasons why Prosper is a terrible platform for P2P secondary market lending.  Until they fix these issues, probably will do LC exclusively

- inability to screen for late notes is ridiculous 
- cannot sort screened notes
- cannot "remove" notes once entering bid screen
- auction format while neat, is a PITA, should just fixed price
- not enough liquidity
- cannot use Lendingrobot
- Prosper cannot calculate NAR of secondary notes

I could go on.   Think I will just transfer remaining money out of Prosper unless they fix some of the above issues.   
#4
FolioFN - Prosper / Screening notes on Folio
July 28, 2015, 11:00:00 PM
The FolioFN interface on Prosper stinks compared with LC, which isn't that great.

Is there any way to screen out notes with history of past late payments?   Looking at note detail, its hard to tell in those boxes whether there are late payments or not, its like hieroglyphics.   

No column sorting function... boo... 

Hate the auction format, feels like ebay.

Also 1% fee for buyers and sellers.   LC only sellers which is much much better.   

Rant. Over.
#5
Newbie with newbie questions here.   Invested in LC exclusively in Folio for several months, now moving to Prosper Folio.   

1) Can one filter the Prosper notes based on whether there are late payments (grace period, late, etc)?
2) Is the calculated yield for prosper the same as Yield to Maturity in LC?   Eg. where it is annualized yield with 1% fees calculated?
3) Appears that each column of data cannot be sorted, correct?  Eg. ascending/descending for remaining payments, etc.   

TIA
-pb