P2P Lending / NFT Lending Forum

https://forum.lendacademy.com/index.php?topic=3551.msg42844#msg88888888Quote"> from: au88 on January 13, 2018, 09:20:33 AM

https://forum.lendacademy.com/index.php?topic=4741.msg42457#msg88888888Quote"> from: SeanMCA on November 17, 2017, 03:29:17 PM

Paulie, not to hijack the thread, but I'm curious, are you still net positive month to month? You're a lot heavier on the D/E loans than I am, and I am wondering if that is working out for you....

I noticed that none of my account metrics updated today (notes late, interest paid, etc....). LC taking a holiday today? or did I miss something?

From spending way too much time on this board, I gather that a few people are in the same boat as I am..... Pretty much done with P2P Lending.

After 3 years of investing in Prosper and LC, I quit re-investing roughly 6 months ago with the intention of letting the accounts naturally run off. After continuing to watch my loans late % and default rates continue to climb, I'm not sure I want to wait this one out.

Prosper.... I guess I am stuck with you. You win the award for most illiquid investment ever. Uggh.

LendingClub... I'm considering a "steady liquidation" strategy and would appreciate any thoughts or ideas. I'd like sell my loans on the secondary to liquidate, but I am in no rush to get them all sold immediately. In fact, I'd rather take my time and eek out as much as I can get for them. I am thinking about a 2-3 month process of liquidating.

To make things easy and simple, I have been thinking of pricing each loan (regardless of status, details) at a 5% premium, assuming only a very small percentage, if any will sell. After 2 weeks, bringing the rest down to 4%. After 2 more weeks, down to 3%. Rinse and repeat.

Once challenge is that I have over 7k loans, which makes automated selling almost a requirement.

What do you think of this strategy? Are there any services out there (Peercube, NSR, etc...) that would be well suited for automating a strategy like this?  Anybody else like to share their strategy/thoughts?

Thanks in advance...

I believe PeerCube still offers secondary market functionality.

PeerCube charges a flat monthly fee, which benefits large accounts, but for small accounts might eat a large % of profits.

https://forum.lendacademy.com/index.php?topic=3365.msg41550#msg88888888Quote"> from: storm on August 02, 2017, 11:32:48 PM

https://forum.lendacademy.com/index.php?topic=4517.msg41447#msg88888888Quote"> from: Fred93 on July 21, 2017, 06:29:54 PM

http://forum.lendacademy.com/index.php/topic,4490.msg41427.html#msg88888888Quote"> from: dr.everett on July 20, 2017, 08:22:28 PM

I noticed your returns are declining, please check out my YouTube video and please give my LC Investment strategy a try.  It is free for now in Beta!  https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" /> . I'll post this in every other thread on this board as well, just in case.

JUST KIDDING!! Don't shoot!!

I have been investing in Prosper since 2014 as well, and stopped all reinvesting a few months back. All funds are now being withdrawn as they become available.

For me, the gross miscalculation of the returns and being a private company (little visibility into the health of the business) were strikes one and two.

The removal of the secondary market was the death knell. I wish I had sold out before that happened, but I didn't have the finger on the trigger like I should have. Now I am stuck with an investment with a 3-5 year liquidity horizon. I personally believe(no data to back this up, just common sense) that P2P investments could incur significant losses during a pullback in the economy, and if this happens within the next 4.5 years, I won't be able to do anything but painfully watch this bleed out.

http://forum.lendacademy.com/index.php/topic,4490.msg41315.html#msg88888888Quote"> from: toben88 on July 13, 2017, 11:28:24 AM

https://forum.lendacademy.com/index.php?topic=4368.msg40337#msg88888888Quote"> from: Fred93 on March 27, 2017, 03:00:20 PM

https://forum.lendacademy.com/index.php?topic=4306.msg40204#msg40204">Quote"> from: AnilG on March 16, 2017, 05:54:48 PM

I've had several loans that seem to linger for extended amounts of time (up to a month since original investment) in review. The interesting thing is, most of them never ended up getting filled. My guess is that the borrower was not able to come up with some necessary/requested final info to get the loan closed.

Bummer about this is that it ties up your funds for an extended amount of time.

No recovery for my account. Stabilization, at best.