P2P Lending / NFT Lending Forum

Recession. Okay, I said it.
Are we already in one, one shortly to come, a narrow miss or a miss by a mile?
Since the start of a recession is officially declared way after it starts we won't know for a while.

If we are or soon will be in recession we will finally get an answer to that often asked question:
"How will market place lending perform over a full cycle"?

https://forum.lendacademy.com/index.php?topic=21629.msg61687#msg88888888Quote"> from: neals384 on March 06, 2020, 11:26:27 AM

At the open at least the equity market isn't impressed. LC is down $1.20 per share (-9.12%) to $11.96 per share.
They did announce quarterly earnings last evening which is a major factor of course.
Where it will close is anyone's guess. BTW the Dow is up 82.

You might try Prosper or Marcus. Marcus is cutting back on personal loans of late so Prosper may be a better bet. We're only a week away from the required date for you to get your 1099's. Get the 2019 taxes done before applying and it should be a breeze. If you do try one of these let us know how it works out.

Pretty much the first one to the party and the last one to leave. I admire your stamina!

https://forum.lendacademy.com/index.php?topic=4212.msg61558#msg61558">Quote"> from: Debt Free on January 22, 2020, 12:02:54 PM

https://forum.lendacademy.com/index.php?topic=18192.msg61513#msg88888888Quote"> from: macroman7799 on January 11, 2020, 04:44:21 PM

https://forum.lendacademy.com/index.php?topic=21597.msg61519#msg88888888Quote"> from: rawraw on January 12, 2020, 09:50:40 AM

I took a look at the statistics section of the LC website today. Specifically the chart titled "Investor Account Returns by Average Age of Portfolio" and made the following selections:

Average Age of Portfolio: 24 - 30 months (the maximum)
Portfolio Concentration: Any
Minimum Notes per Account: 100

Weighted Average	10th		90th
Interest Rate	%tile	Median	%tile
0% - 9%	3.3%	4.3%	5.3%
9% - 12%	2.7%	4.1%	5.5%
12% - 15%	1.7%	3.5%	5.5%
15% - 18%	0.9%	3.2%	5.9%
18%+	3.3%	2.8%	6.0%
ALL	3.3%	3.6%	5.6%

Something interesting to watch in the future on a quarterly or annual basis.

Finally all done!

https://i.imgur.com/nUQc4vL.png" alt="" class="bbc_img" />

https://forum.lendacademy.com/index.php?topic=21588.msg61422#msg88888888Quote"> from: Fred93 on November 22, 2019, 07:09:05 PM

It's time for a fire sale:

https://i.imgur.com/C3siAq6.png" alt="" class="bbc_img" />

Only a little over $500 outstanding principal; considerably sooner than expected.
Higher charge offs than projected. I lost about $25 this month. Percentage wise it was truly the worst month ever, but money wise it was nothing.
Only about 250 notes now "un-dead". I should be able to blow them out on Folio manually and plan to discount them to whatever makes them go away.
About half are B grade so some decent bargains should pop up for the Folio Hawks. The rest are D's & E's; I'll probably have to give them away.
Fine with me; I just want to be done .. done before the end of the year.

I think this old thread has some relevance here:

Topic: Interest Rate, Yield to Maturty (YTM) and Service Fees
https://forum.lendacademy.com/index.php/topic,3979.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,3979.0.html

I also posted this in the "Picking up Pennies" thread as well.

A fitting end to this thread. One more note to go, principal outstanding $0.03.
As a reminder I stopped investing the moment Prosper arbitrarily withdrew from the Folio Platform and shut the door behind me in Sep 2016.
In hindsight they did me a favor! I didn't totally shut down LC until Jan 2017. "It was a bad call Ripley; a bad call." Burke, Carter J. Aliens.

https://i.imgur.com/ttKbWyY.png" alt="" class="bbc_img" />

"Why do you come to me? Why do I deserve this generosity?".
From The Godfather (1972), Paramount Pictures.  https://forum.lendacademy.com/Smileys/default/huh.gif" alt="???" title="Huh" class="smiley" />

https://getyarn.io/yarn-clip/a7606ec3-9e80-430c-819f-e4cfc503f652" class="bbc_link" target="_blank">https://getyarn.io/yarn-clip/a7606ec3-9e80-430c-819f-e4cfc503f652