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Messages - dontvote

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16
Investors - P / Prosper Returns Dropping?
« on: December 27, 2013, 12:00:00 AM »
Does anyone know if the seasoned aggregate return has been going down at Prosper? I remember it used to be 9.29%, then 9.09%. Now when I log out I see returns are 8.89%.



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17
Investors - LC / Understanding Your Returns Page
« on: December 27, 2013, 12:00:00 AM »
Can anyone tell if adjusting the returns for past due notes hits all dots with your adjustment levels or just uses LC's defaults? 

I'm not going to post the graph but in my cash acct I look just like Bryce only stupider (same WA Interest Rate and slightly younger portfolio, slightly lower return). I don't trade folio though.

Maybe in real life I look just like Bryce only stupider.

dontjudgeabookbyitsNAR
18
Investing - General (not P2P) / ESPP opinions?
« on: December 13, 2013, 12:00:00 AM »
A large portion of your future wealth is already invested in your company, even without those shares. If your company takes a dive you'll have enough problems without also watching your shares go up in smoke (Merrill Lynch, Wachovia). The 15% is a gift. Sell and diversify.
19
Thanks for posting this. I'll have to add a year to my liquidation strategy. In case of fire: don't bother.
20
This thread got a lot funnier but I'm not sure there is a lot of good arguments against the fact that payday loans are screwing consumers.  What default rate would you need to charge 200% APR and make a profit of 15% after expenses? 40%? I'll be these guys are facing like 10%-15% defaults (though I don't know). I'm unswayed by their rental charge and paying someone 45K to mind the store and do collections.

I'm not sure that armani suits screw consumers any less. just different consumers. When your business is predicated on 'subsistence' activities like food gaps (is that what the kids say now?) and covering basic rent etc. you are in an interesting moral position. Margins on high end goods are certainly a lot higher than most margins on low.

That being said your comment may apply well to people who are actually lazy morons with lawnmowers in their noses but doesn't take into account people with dependents. Those little shits ARE a second and third job and the pay sucks.

Quote"> from: core on October 28, 2013, 12:00:33 PM
21
Milken's history is a bit more complicated. Some of the things he did are now illegal and nobody would argue that he didn't push the envelope of the market he basically invented/developed (junk bonds). He ignored and humiliated regulators and encouraged or allowed his subordinates to actually break rules.

However, aren't you supposed to wait until someone smears Milken to defend him?
22
Investors - LC / Consensus question
« on: September 19, 2013, 11:00:00 PM »
not sure I understand the question either but your 'benchmark' should be the naive investment given your most basic criteria. If you are a c,d,e investor take your (probably weighted average) of the chart below

https://www.lendingclub.com/public/images/51908/content/marketing/hero-risk-v-return.png

if you invest only in wedding loans, find your benchie here

https://www.lendingclub.com/info/demand-and-credit-profile.action

if you want to benchmark your decision to invest in LC, that's a different story

since people are posting their return goals here, mine is 11%. I'll exit the asset class at 5%, make a living off of it at 18%. Lets say I haven't quit my day job.
23
Investors - P / lots of bailing
« on: September 17, 2013, 11:00:00 PM »
The difficulty in finding prosper loans is well established. I have 20K unallocated in my IRA account and decided to significantly broaden my criteria to get money working. Obviously 20K earning 8% is better than 1K earning 15%. I can improve my portfolio criteria on reinvestment later, esp if I'm only getting 1-2 loans per day in my autoinvest (more like a WEEK).  Anyway, I put in a quickinvest order for 12 loans on 9/13. ONE was invested, two are pending and 9 expired. Even the dregs are dreggy. It doesn't help that there are zero loans available at all in the highest four risk categories right now.

This has been well discussed and I know that I have to turn my life upside down to invest in this asset class so I'm just venting.
27
Investors - LC / 6 loans fully paid since May
« on: August 28, 2013, 11:00:00 PM »
Not sure I have an issue with this. Can't force peeps to keep higher interest rates loans than they deserve. Refi seems fine to me, as long as they aren't truly churning (applying higher interest rates with the INTENTION of refinancing later)...
28
Investors - P / Prosper Files 10-Q for Q2-2013
« on: August 28, 2013, 11:00:00 PM »
I'll bet there are a lot of forum dwellers with secret models that look an awful like a blank sheet of paper or a raving lunatic's excel spreadsheet (LACES OUT). Not singling anyone out in particular.

dontaskmenoquestionsandi'lltellyounolies
29
Investors - LC / LC Publicity
« on: August 28, 2013, 11:00:00 PM »
Why weren't you at the baths? I hope you yelled at LC in Hungarian "it's turning into hedge fund 2 p lending!"
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