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Messages - apc3161

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Investors - LC / What is Your Minimum Acceptable Return
« on: January 14, 2018, 12:00:00 AM »
Around ~8% on average (i.e. 10%+ in good years)

Thought process:

1) Unfavorable tax situation (interest is taxed as regular income, losses are capital losses)
2) High yield bond index funds yield ~6%. I consider p2p riskier and as such need higher returns.
3) It's more work than an index fund. Not as easy to just "set and forget".

Of note, LC advertises 3-5%, as such they must think/hope that is okay for investors. I believe they are wrong and this will be proved, and investors will really start to pull money from their platform if they don't make it more investor friendly (at the expense of borrowers and shareholders)
I too had a similar problem with canceled payments, severe problem. I also talked to LC and we decided it was probably secondary to payments being too close to the sale date, such that payments automatically cancelled the sale. What I did to avoid this is stop purchasing notes (on-time notes) with payment date > 25 days (i.e. they have an upcoming payment). I did this recently. I'll see if this helps improve the situation.
Foliofn - LC / Buy notes on the secondary market with API
« on: December 10, 2017, 12:00:00 AM »
You can try emailing LC directly, they've been pretty supportive in my experience.
Investors - LC / Dear LC
« on: December 02, 2017, 12:00:00 AM »
Investors - LC / Worst Month Yet
« on: October 15, 2017, 11:00:00 PM »
They definitely lowered standards and lowered rates after going public to try and increase revenue, but LC has been hurting as well (just look at their profits, stock price, etc.). I think the big difference is just the increased competition in the field. Before it was just LC and prosper. Now Goldman Sachs, American Express, Discover financial, Sofi, Earnest, Bestegg, etc. are all in the same field. There is just so much competition. As a result, both LC stockholders and LC investors are hurting. The only people who are benefiting from all of this are borrowers (especially the ones who just take their $40,000 and run away, lol).
Foliofn - LC / remaining automated options?
« on: October 01, 2017, 11:00:00 PM »
With NSR now stopping folio automated investing, after lendingrobot has already done so, what are the remaining options?
Foliofn - LC / Was this a Good Deal or What?
« on: September 13, 2017, 11:00:00 PM »
I stopped buying notes on folio with any markup. The frequency of pre-payments was just too high, especially since LC likes to poach their own borrowers with refinance offers.
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