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Messages - mchu168

#16
Wow, u guys have really lo charge off rates.  Mine is 17.4% but ANAR is 10.32% with age of 25mo.  I really don't pay attention to charge offs, only IRR, which is 11.5% for this account based on monthly cash flows since 2012. I don't expect this level of returns going forward given the cycle and lower LC rates.
#18
Investors - LC / Not worth the returns after taxes.
February 15, 2015, 11:00:00 PM
https://forum.lendacademy.com/index.php?topic=3038.msg27608#msg88888888Quote"> from: lascott on February 16, 2015, 02:15:13 AM
#19
Investors - LC / Not worth the returns after taxes.
February 12, 2015, 11:00:00 PM
Instead of playing armchair CPA, just use IRA money to invest in LC.  What's the big dealio? Don't overthink it.
#20
Investors - LC / Not worth the returns after taxes.
February 10, 2015, 11:00:00 PM
I live in CA and pay 50%+ incremental taxes on investment income too.  You are right that the after tax returns are unattractive/too low. Munis offer better risk/reward for taxable funds, imo.  I also like some of the leveraged corporate bond CEFs for yield.

I stopped investing in P2P loans with taxable money.  I'm only investing IRA money now.   Once I retire and move out of CA, I will probably start putting taxable money back into P2P loans.
#21
Gee the froth is coming out faster than I thought. 

While the stock is wildly overvalued by every metric known to man kind, I think the company can essentially generate whatever top line growth they want over the near term by removing their throttle on originations.  A nice big beat and raise in Q4 results would be a positive catalyst to the stock.  Just saying...
#22
As mentioned, interest rate risk is not much of an issue, as most P2P lenders are holding to maturity and you can presumably reinvest payments into higher rate loans once the benchmark rate goes up.  Also the spread of a 18% loan vs. treasuries is so wide that even a 2% move in the fed funds rate won't matter too much to most people - you're still getting a solid return.  And duration on these loans is very short anyways, even the 5yr ones, given the high coupon rate and amortization of principal.

I'd be more concerned about defaults once the credit cycle rolls over - we're close to a peak now.  Once rates move higher, I'd probably shift my money into something safer like munis. Problem is safer stuff right now is yielding peanuts thanks to "financial repression."
#23
Investors - LC / DSP Email From Fidelity
December 02, 2014, 11:00:00 PM
I got 350 shares too!  I'm psyched!

BTW I have well over $500k at LC, so account value has nothing to do with the allocation apparently.
#24
BlueVestment / The end of BlueVestment?
August 20, 2014, 11:00:00 PM
I'm a big fan of the BlueVestment service.  As a decent sized retail investor, let me know what I can do to help - I would be more then happy to lodge a complaint with LC.  Please don't go!
#25
I see people locking up loans from high income borrowers right at feeding time, but then release them after further review.  There's definitely a lot of gaming the system going on to get some perceived "edge."  Someone needs to write a version of "Flash Boys" as it pertains to the Lending Club world.
#26
BlueVestment / Auto Invest not working?
June 06, 2014, 11:00:00 PM
I haven't had any loans purchased through Auto Invest over the past 1-2 days.  Anybody else having this issue?

Thanks!
#27
portfolio assignment is now working for me.  can't wait for the new site.  thanks a ton nathan!