P2P Lending / NFT Lending Forum

Could it be that LC's "Automatic Investing" gets to fund at the exact instance the loans go live?  Or even "prefund" the loans?

What about something like eTrade ... I think it would do wonders for both companies, assuming there is not not regulatory reason why they can't merge.

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The way I read, it does say that the data files will be modified:

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It's hard to believe that an A3 would be subprime ...

I'm a bit confused by what it actually means that they are calc'ing it to 10 decimal places.  When I first heard they were doing this, I assumed that they'd occasionally drop a penny off their fees, to keep the tally in check, but it's not happening. 

For example, I have a loan that charges 0.02 / month, every month, for the past 12 months.  I hover over, and I see the fee is actually 0.016679700 ... 

So, if I do that math month by month, looking at the total fees:

1)  0.0166797 actual, 0.02 charged
2)  0.0333594 actual, 0.04 charged
3)  0.0500391 actual, 0.06 charged
4)  0.0667188 actual, 0.08 charged
etc ...

From the looks of that, I'd expect about every 3rd payment to be 0.01 instead of 0.02, to keep the total cost inline, but it's not happening.   So, as I see it, they are still overcharging on fees on the month-by-month basis.  They used to handle this by making a lump sum fee reimbursement at the end of each loan.  Not sure what they doing now. 

I can see my interest received data by expanding the "Payments" sections  on the same page.

Man, that just goes to show what I had suspected all along.  According that, my return on "traded" notes is 15.87%, while my return on primary/held notes is 9.5% ...  I haven't sold any notes this year, due to the IRA rule.

I was working a very nice buy/hold/trade plan last year ... sucks that they shut it down.

Now, they need to figure out a way to get it back.  Pronto!

Are we sure it's manual investors that are snatching up the new loans in 5 seconds, or could it be LC's Auto Investment users have an edge over everyone?

Can you give us an example of what you are trying to sell, and how much you are asking? 

I graduated from college from 1999 and started investing with Datek (remember them?) right out of college.  I basically started investing at the peak of the Dot Com bubble, and road that down, then just when I was getting back into the positive, the "Great Recession" hit, and I rode that down, and now I'm just getting back to the positive.

The #1 thing I've learned is you have to have be able to recognize bull/bear markets, the #2 thing I've learned is that you have to have two different investment strategies based on where you think we are.

It's easy to make money in a bull market.  It really needs no explanation.

The hard part is realizing when it's over and parting with your beloved stocks that have made you a fortune.   

There is a website called bullandbearwise.com that has a bull/bear indicator.  It was pretty accurate about predicting the upturn in 2009. I'm not sure if it existed for the downturn in 2007.  But, I don't intended to time the bull/bear marked to the day, just the quarter.  I also track the moving averages (23-weeks) of the S&P and consider downward movement to be a sign to start selling off the winners.

For a bear market (since IRAs won't allow you to short) I'd probably put a little (25%) in an inverse ETF like SH, or an actively manage inverse fund like HDGE, and put the rest in a broad bond ETF like BND.

I'm pretty conservative about the LC investments because I wanted to diversify into something that could bring a positive return in a bear market, so I'm mostly Bs, and a little As and Cs.  Whether or not that will work remains to be seen. 

Eventually, I'd like to be about 15% in LC, 30% in real estate (rentals), and the rest in stock and bond ETFs.

That's my plan in a nut shell.  I don't recommend anyone follows it, but everyone needs a plan.

About half of my 7/19 notes did not process/post payment yesterday.  It seems like they started to run the payments then stopped about half way through.  This is the situation that in the past has resulted with false "Grace Period" comments being posted when the notes caught up the next day.

I checked today and I see the rest of the 7/19 have processed, and I can see some of the 7/19 notes have payments posted as 7/24 and some as 7/25, but there are no Grace Period notices that I see. 

I'm pretty sure with the Automation that I used (Peer Lending Server) you could have made it work with a "cash floor".  It allows you to specify a minimum cash balance before it attempts to make a purchase, and you can limit the number of notes purchased.  It's offline now due to the LC changes, and I'm not sure if or when it's coming back.

https://forum.lendacademy.com/index.php?topic=2376.msg20326#msg88888888Quote"> from: Lovinglifestyle on June 15, 2014, 09:53:59 AM

I can't even begin to imagine why the website, API, and CSV can't be updated simultaneously ...

LC has set up system that encourages screen scrapping and exploiting the shopping cart lock out while the crafty users wait for the CSV to update.  I mean, if I wanted the best loans, and was willing to break LC's rules and possibly the law (is willfully delaying an open market order, and preventing others from placing an order, while one waits for updated information to be posted, illegal market manipulation? -- well, we know people are doing it already), I would design my automation to screen scrape my prospects from the website based on the limited info posted there, put them in the shopping cart, then wait for the expanded CSV to be posted before I select which ones to keep....

This can't be the vision that LC has in mind for the future of Automation ....