Skip to main content
Skip this menu

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - .Ryan.

1 [2] 3 4 5
16
Of course automating loan selection and higher returns sound enticing, however there is already an existing number of 3rd party vendors that provide this (NSR, LiquidP2P.....). All claim to have some sort of edge due to Modeling/AI/Machine learning/Analytics/Whatever.

Its hard to evaluate one against the other, as none seem to want to publish their historical returns.
17
Winding down, and got the survey. I plan on letting them why I am done with LC for the time being.
18
Introductions / ax.al my review
« on: December 31, 1969, 07:00:00 PM »
I'm going to have to disagree with you on this one Fred93. I know it doesn't seem established, but I've got a pretty good feeling about this one.

Did you read that they have a certificate? A CERTIFICATE!!.

I've already sent all my bitcoin in.
19
Investors - LC / Is LC no longer interested in retail investors?
« on: December 31, 1969, 07:00:00 PM »
Anil, what do you read into this? Is the capability for lender money not able to keep up with increased loan requests? Or is the lender $ pool decreasing in size? Any insight into retail vs. institutional lending trends?

Thanks Anil. Always appreciate your input.
20
Liquid P2P / Automated investing & liquidation for Lending Club
« on: December 31, 1969, 07:00:00 PM »
Hello David. I am in the process of liquidating most of my P2P investments, but liquidP2P offers some functionality (liquidation, monthly payouts) that caught my attention. I decided to test out your service with some extra profits in one account. I noticed that your service is purchasing multiple primary notes (sometimes 2, sometimes 3) from the same loan. Why is this?


I wish you guys were around a few years back  ;)
21
Investors - LC / Recovery Payment Received for Charged Off Loans
« on: December 31, 1969, 07:00:00 PM »
No matches from my 10k+ loans.

For those excel challenged (like myself), I simply pasted this list to the first column of the bottom of my latest notes_ext.csv, then  highlighted the column, and selected "Conditional Formatting", then "Highlight Cell Rules", then "Duplicate Values". Duplicate values will show up colored.

Let me (everyone) know if there is an easier way.
22
Investors - LC / Is LC no longer interested in retail investors?
« on: December 31, 1969, 07:00:00 PM »
Look, retail investors are not a target market for LC, nor any other well established & funded P2P platform. We are a relic from days past in which they needed us to get their business off the ground.

On average, we invest small & take much more effort to support than the institutional investors. Supporting a few institutions that invest by the $100Ks or more will always be a better model than trying to cater to the thousands of us needy, whiny, less sophisticated (than institutional) investors.

As a percentage we are providing less of the overall LC funding, and I think we all see the trend towards neglecting the retail market. We're just not as necessary as we once were, and don't be surprised if we are eventually shut out.
24
Suggestions / search for all messages from a particular member
« on: September 10, 2018, 11:00:00 PM »
Click on a username, then pull down the menu from the highlighted "Profile Info". You'll see an option for "Show Posts"
25
Investors - LC / Experiences with Automated Account Liquidation?
« on: September 09, 2018, 11:00:00 PM »
I've been winding down my LC account for over a year now, but still have over 4k active notes. I've tried mass listing on folio, but it is super tedious with that many notes.

There are a couple of services out there that can help liquidate accounts. I know liquidp2p and Peercube have automated selling features that can be used for liquidation, and I am curious to any experiences people have with using these for this purpose.

I am very interested in accelerating my liquidation, but concerned with the potential loss by leveraging a service to help with this. Waiting out a natural liquidation is painful, but it's better than losing money. I'm curious as to what I should expect as to losses when using a service. All my notes are seasoned (1+ years old) in a well diversified portfolio across b-c-d loans.

I just don't want to hand over control and find out in the morning that my whole portfolio was sold overnight(awesome!!!) at a 90% discount(bad!!!!).

Anil, or anyone else, any thoughts?

28
Investors - LC /
« on: December 31, 1969, 07:00:00 PM »
I'm not sure what, if anything, is working any longer.

I've started the process of liquidating my personal investment accounts over a year ago. This process in itself has proven to me that any investment of significant size in LC or P is HORRIBLE idea. The liquidity on these are horrendous, and watching your RoR vaporize while running off your accounts is PAINFUL.

That being said, I kept my small LC IRA open for fun. I had solid secondary market filters that were creating high single digit returns fairly consistently. Now those filters don't match against nearly as many loans (I often end up with small cash piles), and the short term returns are wavering around 4.5%

An investment returning 5-6% usually has my interest. But keep in mind that nothing out signals that this return from LC/P will ever rise from that. The economy & job market are doing fantastic, and default rates are low(er). This should be the golden age for P2P investing, and the reality is that returns only have a path to get worse. MUCH WORSE in my opinion with a bad economy & job market.

I just don't feel like the risk of holding an investment with mediocre returns when times are great is worth it. Especially when it is so difficult and tedious to liquidate (and accelerating liquidation by using the secondary market is a total PITA!) when you do want to exit. FDIC insured 5 YR. CD rates are nearing 3.5%, which leaves you 0 default risk - At this point the choice is clear for me.

Already leaving LC/P has given me back 20+ hours a week I was spending on trying to learn/understand/monitor/beat the system. That time back with my family is priceless! 

29
Investors - LC / New Platform
« on: December 31, 1969, 07:00:00 PM »
For me, this "update" is just another (one out of many) proof point that I made the right decision to pull my money out of LC. I really don't feel like reatil investors are a client base that LC cares much about anymore.

To those who follow the company sheets, can you tell if incoming retail $$ is trending up or down? I'm curious.....
1 [2] 3 4 5