LC vs Prosper

[OptionsTraderFL]

Which one is better? For buy/originate & hold? For buy & sell?

[Randawl]

LC.  Debatable tie.  LC.

[cnmor54]

I joined both in May of 2013. I am in the process of liquidating my Prosper account. My LC account is constantly growing.

[Fred]

https://forum.lendacademy.com/index.php?topic=2006.msg16874#msg88888888Quote"> from: cnmor54 on January 27, 2014, 10:01:44 PM

[Bohb Daishi]

Hands down, the secondary market on LC is vastly superior to Prosper.

[Ninja_Sharks]

After two years, would your statements hold true now from your experience back then.  Just curious as change is constant.

[RomanLegend]

Over 3 years I have had a NAR of 8.6% to 10.5% (never lower never higher).  My defaults are less than 3% (2.8 as of right now).  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" /> 

YouTube Intro:  https://youtu.be/dIE5bVgj8eE" class="bbc_link" target="_blank">https://youtu.be/dIE5bVgj8eE

Register Here for FREE:  LCPicks.com

Let me know if you have any questions along the way just send me a message and I'll help out.

Thanks,

-Chris

[Fred93]

https://forum.lendacademy.com/index.php?topic=2006.msg41360#msg88888888Quote"> from: RomanLegend on July 16, 2017, 06:40:35 PM

[TravelingPennies]

Understood.  It's not even advertising, we're just giving it away.  Its hard to find people with good LC knowledge to test this out.  That's all I'm looking for.

https://forum.lendacademy.com/index.php?topic=2006.msg41366#msg88888888Quote"> from: Fred93 on July 17, 2017, 12:03:29 AM

[rawraw]

I was going to check it out.  But the more you post, the more similar you seem to a Nigerian prince.  There are some characteristics of internet marketing you want to avoid when dealing with people's finances.

[TravelingPennies]

Hahaha, that is actually pretty funny.  I actually agree with you.  You're right.

I'd agree with you even more if we were charging money, but we're not.  It is relatively easy to get people who are newer to Lending Club to try your software but their feedback is less helpful.  Just because they are still learning overall.  It is REALLY hard getting people who are affluent to LC to test something.  That is all I am really looking for here... 

Also, I wish I was a Nigerian Prince... But I'm not.  Just a dude in San Diego.

https://forum.lendacademy.com/index.php?topic=2006.msg41374#msg88888888Quote"> from: rawraw on July 17, 2017, 11:57:34 AM

[TravelingPennies]

https://forum.lendacademy.com/index.php?topic=2006.msg41379#msg88888888Quote"> from: RomanLegend on July 17, 2017, 12:58:05 PM

[TravelingPennies]

I suppose... I'm not well versed in that art, but sure.  This is just a ranking software that has worked well for me, personally.  The next step for LC Picks, if any, is to have an app on the app store.  Like any other app.  At some point we would charge for services but we are not there, not yet.

The only thing that folks on this forum can really help me out with is to view the ranked loans and tell me, with your trained eye, if you agree with the loans we are sifting out.  If you do, that is good news for me.  If you do not, then I need to dig into that a bit.

-Chris

https://forum.lendacademy.com/index.php?topic=2006.msg41380#msg88888888Quote"> from: rawraw on July 17, 2017, 12:59:47 PM

[TravelingPennies]

Have you considered purchasing a subscription to your competitor services (peer cube, lending robot, etc) to see how you are similar and different?  My current belief is that the pricing in LendingClub has gotten much better and leaves much less room for beating the market. Returns won't convince me of this but an analysis proving my hypothesis incorrect would convince me.

Sent from my SAMSUNG-SM-G935A using Tapatalk

[TravelingPennies]

I have looked into the competitors a bit.  Something I will do more of.  I think the main difference is that I'm just more conservative.  I've focused on not letting the bottom fallout vs trying to get the highest interest rate. 

Time is what I'm trying to take advantage of.  If my money works and makes some interest rate a loss undoes that time my money was working.  I started out saying, "ok, whatever I make, I want to keep, however little."  When I started getting a respectable interest rate while keeping the defaults low I thought I might be on to something.  I'm not necessarily trying to beat the market but if I do I'll certainly take it.  My 8.6% interest rate is good, but not glamorous by any means.

What do you have in mind as far as a test that would prove your hypothesis incorrect?  If you give me something I may be able to take a look at it.