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.

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.

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 

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.

Click on a username, then pull down the menu from the highlighted "Profile Info". You'll see an option for "Show Posts"

from: Harvey on August 26, 2018, 02:03:41 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! 

from: dr.everett on May 12, 2018, 02:07:46 AM