P2P Lending / NFT Lending Forum

https://forum.lendacademy.com/index.php?topic=21690.msg62053#msg62053">Quote"> from: storm on August 19, 2020, 11:31:34 PM

I decided to completely wind down my LC accounts after hearing the news of Folio closure. However, it will be a lengthy ~5-year process, because I have tens of newly released 60-month notes in the hardship program.

So, I am thinking about at least making the annual tax reporting easier, by consolidating multiple LC taxable accounts into a single one. I called LC's customer service and an agent said there would be no way to consolidate either taxable or IRA accounts (even no way to convert funds in a IRA account to a LC taxable account, which is not correct per https://forum.lendacademy.com/index.php/topic,21690.msg62036.html#msg62036" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,21690.msg62036.html#msg62036). It looks that the agent is not very experienced.

Does anyone have experience to consolidate multiple LC taxable accounts? I would like to get some inputs in the forum here before calling LC agents again.

Not sure how many here are invested in LexShare (litigation finance). Yesterday my first case closed successfully. Got a 10% return from a 6 months investment period. I am not sure if the risk is really worth it tho since you could go to $0.

Anyone else invested in Litigation Finance on LexShare or other platforms?

Hello,

been a lurker for a while but finally decided to start an account. Great insights on the forums.

I am an investor in LendingClub, PeerStreet, Crowdsteert and others. Looking to connect with other investors and share investment tips, strategies and advice.

I am also working on a new tool https://www.moneyminx.com" class="bbc_link" target="_blank">Money Minx which is a net worth calculator and tracking tool. I've tried so many tools out there that just don't seem to get it right, so I decided to build my own.

Cheers!

Official email today Folio investing will be discontinued on August 28th. Very bad news for anyone that uses folio to buy/sale. I've sold off around ~160K over the last year to liquidate my account. so happy I was able to get out while I had the chance.

"An Update on Folio

As a Folio account holder, you know that historically Folio Investments, Inc. (Folio) has offered a secondary market for Notes, where individuals could buy and sell Notes to and from other investors. LendingClub was recently notified that Folio is being acquired by a financial institution and, as a result, the secondary market for Notes will be discontinued.

Please know that the closure of the secondary market will not affect the Note investments in your LendingClub account, and your LendingClub account will continue to be serviced as usual.

Should you wish to buy or sell Notes on the secondary market, please keep these key dates in mind:
August 26, 2020: The last day you will be able to list a Note for sale. Any remaining Note listings on the trading platform at the end of the day will expire or terminate. Any trades executed on August 26, 2020 will settle in accordance with standard settlement procedures on August 27, 2020.

August 28, 2020: Investor account(s) with Folio for trading Notes will be closed, after which you will be able to log in to view statements and legal agreements only.
While most investors consider Notes to be part of their buy-and-hold long-term investment strategy, we understand that the secondary market has provided a valuable option to those who needed it. We're disappointed in the decision and understand that investors who actively trade Notes will be disappointed too. Because the secondary market has always been offered by a third party, we unfortunately do not control its availability."

Interesting topic of Risk Parity strategy using leveraged ETFs and discussion. I thought the group here might like it too.

https://www.bogleheads.org/forum/viewtopic.php?t=272007" class="bbc_link" target="_blank">https://www.bogleheads.org/forum/viewtopic.php?t=272007

Looking for anecdotal values of notes beyond 120 days late. For example maybe 50% are worth $0, 25% sell for 5-10% of outstanding principal, etc.

Anyone else is having issues downloading payment files from Lending Club site? I am having issues downloading the file, the download always stops at ~895MB. Previously, the link was downloading 0 byte file. After I sent email to support, it seems the link was updated but I can't download the complete file. It is usually 1.6GB file.

This lockdown period has given many a chance to have a taste of remote working and a portion will find working from home to be feasible and productive.

Check outhttps://www.realvantage.co/insights/an-analysis-of-covid-19s-impact-on-office-real-estate-demand/" class="bbc_link" target="_blank"> https://www.realvantage.co/insights/an-analysis-of-covid-19s-impact-on-office-real-estate-demand/ for an indepth view of how COVID-19 has impacted our lives.

Buying a property overseas can be a huge risk, this article gives us a good summary and pointers on how to purchase overseas assets.

https://www.realvantage.co/insights/important-considerations-when-buying-overseas-properties/" class="bbc_link" target="_blank">https://www.realvantage.co/insights/important-considerations-when-buying-overseas-properties/

For more information check out https://www.realvantage.co/" class="bbc_link" target="_blank">https://www.realvantage.co/ for real estate crowdfunding and co investment opportunity

Practical Explanation ( For Example ) :- `1st of all can you tell me every single seconds detail from that time when you born ?? ( i need every seconds detail ?? that what- what you have thought and done on every single second )

can you tell me every single detail of your `1 cheapest Minute Or your whole hour, day, week, month, year or your whole life ??

if you are not able to tell me about this life then what proof do you have that you didn't forget your past ? and that you will not forget this present life in the future ?

that is Fact that Supreme Lord Krishna exists but we posses no such intelligence to understand him.
there is also next life. and i already proved you that no scientist, no politician, no so-called intelligent man in this world is able to understand this Truth. cuz they are imagining. and you cannot imagine what is god, who is god, what is after life etc.
_______
for example :Your father existed before your birth. you cannot say that before your birth your father don,t exists.

So you have to ask from mother, "Who is my father?" And if she says, "This gentleman is your father," then it is all right. It is easy.
Otherwise, if you makes research, "Who is my father?" go on searching for life; you'll never find your father.

( now maybe...maybe you will say that i will search my father from D.N.A, or i will prove it by photo's, or many other thing's which i will get from my mother and prove it that who is my Real father.{ So you have to believe the authority. who is that authority ? she is your mother. you cannot claim of any photo's, D.N.A or many other things without authority ( or ur mother ).

if you will show D.N.A, photo's, and many other proofs from other women then your mother. then what is use of those proofs ??} )

same you have to follow real authority. "Whatever You have spoken, I accept it," Then there is no difficulty. And You are accepted by Devala, Narada, Vyasa, and You are speaking Yourself, and later on, all the acaryas have accepted. Then I'll follow.
I'll have to follow great personalities. The same reason mother says, this gentleman is my father. That's all. Finish business. Where is the necessity of making research? All authorities accept Krsna, the Supreme Personality of Godhead. You accept it; then your searching after God is finished.

Why should you waste your time?
_______
all that is you need is to hear from authority ( same like mother ). and i heard this truth from authority " Srila Prabhupada " he is my spiritual master.
im not talking these all things from my own.
___________

in this world no `1 can be Peace full. this is all along Fact.

cuz we all are suffering in this world 4 Problems which are Disease, Old age, Death, and Birth after Birth.

tell me are you really happy ?? you can,t be happy if you will ignore these 4 main problem. then still you will be Forced by Nature.
___________________

if you really want to be happy then follow these 6 Things which are No illicit s.ex, No g.ambling, No d.rugs ( No tea & coffee ), No meat-eating ( No onion & garlic's )

5th thing is whatever you eat `1st offer it to Supreme Lord Krishna. ( if you know it what is Guru parama-para then offer them food not direct Supreme Lord Krishna )

and 6th " Main Thing " is you have to Chant " hare krishna hare krishna krishna krishna hare hare hare rama hare rama rama rama hare hare ".
_______________________________
If your not able to follow these 4 things no illicit s.ex, no g.ambling, no d.rugs, no meat-eating then don,t worry but chanting of this holy name ( Hare Krishna Maha-Mantra ) is very-very and very important.

Chant " hare krishna hare krishna krishna krishna hare hare hare rama hare rama rama rama hare hare " and be happy.

if you still don,t believe on me then chant any other name for 5 Min's and chant this holy name for 5 Min's and you will see effect. i promise you it works And chanting at least 16 rounds ( each round of 108 beads ) of the Hare Krishna maha-mantra daily.
____________
Here is no Question of Holy Books quotes, Personal Experiences, Faith or Belief. i accept that Sometimes Faith is also Blind. Here is already Practical explanation which already proved that every`1 else in this world is nothing more then Busy Foolish and totally idiot.
_________________________
Source(s):
every `1 is already Blind in this world and if you will follow another Blind then you both will fall in hole. so try to follow that person who have Spiritual Eyes who can Guide you on Actual Right Path. ( my Authority & Guide is my Spiritual Master " Srila Prabhupada " )
_____________
if you want to see Actual Purpose of human life then see this link : ( triple w ( d . o . t ) asitis ( d . o . t ) c . o . m {Bookmark it })
read it complete. ( i promise only readers of this book that they { he/she } will get every single answer which they want to know about why im in this material world, who im, what will happen after this life, what is best thing which will make Human Life Perfect, and what is perfection of Human Life. ) purpose of human life is not to live like animal cuz every`1 at present time doing 4 thing which are sleeping, eating, s.ex & fear. purpose of human life is to become freed from Birth after birth, Old Age, Disease, and Death.

In an unusual moment of clarity I realized what is the subject of this thread. It's something of a follow up the the "To What Lengths Do Some Folks Go In Planning Their Income Taxes" thread from last year. In that thread I posted the spreadsheet computation for a single year's decision. The retirement planning software I'd used for many years was no help so I had to do it manually. I was asking the wrong questions of it. The fundamental problem once in retirement is to find the most tax efficient investment/conversion/spending plan given the asset mix acquired leading to retirement. Obvious, but I can be slow on the uptake sometimes.

So, there is software out there that addresses this problem.
For starters, one is widely mentioned and recommended. Its a free browser based program that seems to be an excellent place to start:
https://www.i-orp.com/Inflate/index.html" class="bbc_link" target="_blank">https://www.i-orp.com/Inflate/index.html

After finding this it sounded vaguely familiar. "lascott" had recommended it last year in that previous thread (paragraph c). I tried out b) but never tried this one. Duh. Guess I didn't exactly know the right question to ask anyway.
https://forum.lendacademy.com/index.php/topic,18192.msg57790.html#msg57790" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,18192.msg57790.html#msg57790

Also I found but know nothing about:
https://incomestrategy.com/" class="bbc_link" target="_blank">https://incomestrategy.com/
https://www.bogleheads.org/forum/viewtopic.php?t=236567" class="bbc_link" target="_blank">https://www.bogleheads.org/forum/viewtopic.php?t=236567

And it's more expensive version for financial advisors:
https://www.incomesolver.com/" class="bbc_link" target="_blank">https://www.incomesolver.com/

There are dozens of similar programs out there.
Now that I think I'm asking the right question, anyone "been there, done that" with a personal favorite?

Hello-

I am doing some analysis of historical (2013-14) Prosper loans and am curious if there are any dominant reasons why applicants might withdraw their loans before funding.  I assume that some might 1) simply change their minds, or 2) some might get a better offer elsewhere.  Hopefully not many weddings were called off at the last minute :-)

Is there any clear cut explanations or even good guesses around this?   Feel free to point me to any existing comments on this topic.

Thank you

Hi Everyone,

Wanted to introduce myself. I'm from Toronto, Canada. Currently working on my MRP based on the Lending Club data set. It's a popular one for many researchers...

Lend Academy has so far been a pretty useful resource for clarifying things about the data set.

Joining so I can ask a few questions here and there, and maybe contribute something as well in the future.

Hello there. The name is Adam. I've joined this forum to learn something new about real estate and other stuff like that.

Anyone else using Millennium Trust as their custodian?  I didn't pick them, it just seemed they were "assigned" to me when I signed up for the Prosper IRA 2 months ago.

In the last 2 months, I've been trying to get them to transfer funds into my new Prosper IRA account, to no avail.  Most of my emails go ignored.  I'm now reaching out to Prosper and here to see if there's any alternatives to Millennium Trust for the custodian of a Prosper IRA.

WSJ is paywalled.  Article says banks don't know who is going to pay them back, so they are pulling back across the board.

https://www.wsj.com/articles/flying-blind-into-a-credit-storm-widespread-deferrals-mean-banks-cant-tell-whos-creditworthy-11593423001?mod=hp_lead_pos5" class="bbc_link" target="_blank">https://www.wsj.com/articles/flying-blind-into-a-credit-storm-widespread-deferrals-mean-banks-cant-tell-whos-creditworthy-11593423001?mod=hp_lead_pos5
Quote

Hi everyone, newbie here, I'm Steve from Austin, TX.

Internal rate of return is a key metric for any type of investment for example stocks and Realestate.
This article gives us a good understanding of how IRR is calculated and used:https://www.realvantage.co/insights/how-does-internal-rate-of-return-irr-impact-real-estate-investors-decision-making-process/" class="bbc_link" target="_blank">https://www.realvantage.co/insights/how-does-internal-rate-of-return-irr-impact-real-estate-investors-decision-making-process/.

For more real estate and crowdfunding insights do check out:https://www.realvantage.co/insights/" class="bbc_link" target="_blank"> https://www.realvantage.co/insights/.
Do also check outhttps://www.realvantage.co/" class="bbc_link" target="_blank"> https://www.realvantage.co/ for realestate co-investment opportunity.

Recently, I noticed that in my portfolio, as well as reported by peercube users, that notes are actually being sold at premium. I have hard time coming up with reasons why someone will buy notes at premium during current environment of pandemic, considering lending club has increased interest rates on new loans and tightened the credit criteria so new loans are likely to be higher quality than loans issued a year or two ago during better economic times. Most of these sold notes are tend to be from pristine repay on time loans but still ...

Any thoughts from those who are actively buying notes on secondary market, why would they buy notes on premium?