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Messages - storm

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31
Investors - LC / Excess interest payments
« on: September 20, 2017, 11:00:00 PM »
Paying off an amortized loan is rarely precise.  The pay-off amount greatly depends on what day in the payment cycle the last payment was processed.  Also, many lenders will perform a lengthy review of the loan to make sure all principle and accumulated interest is received before declaring the loan paid.

I suspect the pay-off amount was overestimated, and the borrower was credited the difference after the review, but is not reflected in the example.  I've also seen many loans go late only to be fully paid shortly thereafter.  (It is incredibly frustrating if you do any selling on Folio.)  In that case, my guess is LC cancels the regular monthly ACH withdrawal and schedules a new withdrawal with the pay-off amount or instructs the borrower to mail a check which is processed well after the regular monthly payment is due.  In the meantime, the interest continues to accumulate.
32
Investors - LC / 5 Key Things to Know About Investing at LendingClub
« on: August 14, 2017, 11:00:00 PM »
Received it on both my taxable account which I've been pulling out of and my IRA where I'm reinvesting.  Don't think it is targeted.
33
Investors - LC /
« on: August 03, 2017, 11:00:00 PM »
I think we conceded early on in this thread that LC's ANAR was not very accurate, but it is right there when you log in.  It doesn't depend on my bad math and Excel skills.  It is quick to change when returns go up or down though.  XIRR is very slow to show a trend change.  Calculating simple interest from month to month doesn't factor in compounding.  There are pros and cons to all these calculations.  Keep that in mind when judging the numbers.

There are some 2%+ CDs out there.  Probably not a wise idea to lock up money right now if the Fed keeps raising rates.  I agree that the stock market is likely to meet some resistance before going any higher.  Some ETFs like VCLT (Vanguard investment-grade long-term corporate bonds) are paying 4% annualized monthly dividends if you buy and hold and ignore the share price fluctuations.  Not too shabby if you are looking to diversify unless I'm missing something.
34
Investors - LC /
« on: August 01, 2017, 11:00:00 PM »
35
Investors - LC /
« on: July 31, 2017, 11:00:00 PM »
Combined ANAR:  8.84%
Weighted Average Interest Rate:   15.12%
Weighted Average Age of Portfolio: 36.4 mos
Number of Notes: 6,624

A (0.0%) B (9.6%) C (44.6%) D (23.2%) E (17.6%) F (3.7%) G (1.2%)
36 (34.7%) 60 (65.3%)

vs All Accounts: 92.22
vs Similar Age Accounts: 0.00
vs Similar Age and WAIR Accounts: 0.00

XIRR:  9.53%

36
Investors - LC /
« on: June 30, 2017, 11:00:00 PM »
Combined ANAR:  9.20%
Weighted Average Interest Rate:   15.12%
Weighted Average Age of Portfolio:   35.4 mos
Number of Notes:   6,624
A (0.0%) B (9.8%) C (44.5%) D (23.4%) E (17.4%) F (3.7%) G (1.2%)
Payments  36 (35.0%) 60 (65.0%)

vs All Accounts:  92.27
vs Similar Age Accounts:  0.00
vs Similar Age and WAIR Accounts:  0.00

XIRR:  9.62%
37
Investors - LC /
« on: May 31, 2017, 11:00:00 PM »
Combined ANAR:  9.28%
Weighted Average Interest Rate:   15.13%
Weighted Average Age of Portfolio:   34.4 mos
Number of Notes:   6,624

A(0.0%) B (9.8%) C(44.6%) D(23.5%) E(17.3%) F(3.7%) G(1.2%)
36(35.5%) 60(64.5)

vs All Accounts: 93.34
vs Similar Age Accounts: 0.00
vs Similar Age and WAIR Accounts: 0.00

XIRR:  9.63%

Draining my account to pay off my mortgage since the bleeding continues...
38
Investors - LC / XIRR Question
« on: May 30, 2017, 11:00:00 PM »
You are exactly right.  At the end of the month, I use the total from my statement to calculate my XIRR.  In between statements, I use the "Account Value" on the Summary page.  Adjusted account value factors in expected charge-offs, but it does not appear on the statement.

Quote
39
Investors - LC / LC going out of business
« on: April 08, 2017, 11:00:00 PM »
Back in 2007-2008, interest rates were high, credit was tightening, and the stock market was tanking.  LC and Prosper gave small investors a chance to profit from the loan market without investing in a traditional bank.  Now, it is almost the exact opposite; interest rates are relatively low and there is lots of competition in the loan market.  Large investors looked down at us guinea pigs, determined there is money to be made here, and have thrown huge sums of cash at Lending Club and Prosper. I’m not worried about LC going out of business.  I’m worried they are going to shut down the marketplace, securitize the loans, downgrade expectations, and tell small investors to take a hike.  Even if Renaud Laplanche spun up another marketplace, I don’t think I would trust my money with him again.  LC still has integrity issues from the Laplanche days they need to work out, but they are so flush with institutional money, they just don’t care.
40
Investors - LC /
« on: March 31, 2017, 11:00:00 PM »
Combined ANAR:  9.52%
Weighted Average Interest Rate:   15.13%
Weighted Average Age of Portfolio:   32.3 mos
Number of Notes:   6,624

A(0.0%) B (9.9%) C(44.9%) D(23.4%) E(17.1%) F(3.6%) G(1.1%)
36(35.7%) 60(64.3%)

vs All Accounts: 94.30
vs Similar Age Accounts: 0.00
vs Similar Age and WAIR Accounts: 0.00

XIRR:  9.86%
41
Investors - LC /
« on: March 22, 2017, 11:00:00 PM »
42
Investors - LC /
« on: March 03, 2017, 12:00:00 AM »
Combined ANAR:  9.46%
Weighted Average Interest Rate:   15.13%
Weighted Average Age of Portfolio:   31.4 mos
Number of Notes:   6,624

A(0.0%) B (9.9%) C(45.1%) D(23.4%) E(17.0%) F(3.6%) G(1.1%)
Payments  36(35.7%) 60(64.3%)

vs All Accounts: 94.65
vs Similar Age Accounts: 0.00
vs Similar Age and WAIR Accounts: 0.00
43
Investors - LC / Back Testing
« on: February 26, 2017, 12:00:00 AM »
I thought it might be time to fine tune my filters to control the bleeding in my account, but NSR wants me to invest my money for me in order to filter by more than 3 criteria.  I'm quite happy with my current setup, thank you.  Are there any other free/cheap tools short of crunching the numbers myself?
44
Investors - LC /
« on: February 21, 2017, 12:00:00 AM »
45
Investors - LC /
« on: February 03, 2017, 12:00:00 AM »
Combined ANAR: 9.52%

Weighted Average Interest Rate:   15.16%
Weighted Average Age of Portfolio:   31.2 mos
Number of Notes:   6,428

A(0.0%) B (8.6%) C(45.7%) D(23.5%) E(17.4%) F(3.7%) G(1.2%)
36(33.5%) 60(66.5%)

vs All Accounts:  95.06
vs Similar Aged Accounts:  0.00
vs Similar Aged and WAIR Accounts:  0.00

XIRR:  9.98%
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