[turing]

Over the last 5-6 months I've been working with my brother on a note selection tool to use for our own investing on Lending Club.  We decided to make the site public so others can use it too and we launched it yesterday.

PeerToPeerQuant.com

I would love to hear feedback.

Its free to make an account, free to see notes we recommend, and first 25 clicks on the notes are free ($0.15 after that).

We use a genetic algorithm to come up with our selection criteria and so far it has been working really well (15.98% ANAR and 11.4% XIRR).  We only have 3 months of data but we outperform most other accounts at that age and risk level.  Obviously we will need more time to know how it does in the long run.

Info on Methodology and Genetic Algorithm
Screenshots of results

[Fred93]

Happy to see new players appear.  Wish you luck.

Average age of portfolio is very short for performance measurement purposes. 

[TravelingPennies]

from: Fred93 on October 24, 2014, 05:18:32 PM

[lascott]

from: turing on October 24, 2014, 01:56:24 PM

[rawraw]

Are you actually charging retail investors?  If so, there are some legal hoops you have to jump through otherwise it is illegal.  Be sure to take care of that, if it isn't taken care of already.

[TravelingPennies]

from: rawraw on October 25, 2014, 06:34:05 AM

[TravelingPennies]

from: lascott on October 24, 2014, 07:17:03 PM

[TravelingPennies]

from: turing on October 25, 2014, 08:35:04 AM

[TravelingPennies]

I realized there is another issue if folks use other methods to pick notes already (IR, LR, LC, BV, BV+P2PPicks, NSR, etc).  What if they want to make sure they don't spend $0.15 to get a duplicate note that they already purchased?

In one theory, you could say that if I picked a note for $25 via BlueVestment+P2PPicksModel and if P2PQ picks in then it must be a really "good" note and may want to double down ($50 as $25 for each systems pick).

[BruiserB]

At least a few of these allow you to specify you don't want to buy already owned notes. (I'm pretty sure BV allows this stipulation).  But I don't know if it always works in the feeding frenzy of new notes being issued. I suppose more than one service could put the same note in your shopping cart before actually buying it...and at that time both services wouldn't think you already own the note. But like you say, I wouldn't be too upset if I ended up with a few doubles because two of my rules/services picked it.


Sent from my iPhone using Tapatalk

[TravelingPennies]

from: lascott on October 25, 2014, 12:33:50 PM

[TravelingPennies]

What time period was used for analysis?  Was there out of sample testing?  How often are variables checked for changing predictive power?  Is the LC grade a variable?

[TravelingPennies]

from: rawraw on October 27, 2014, 12:08:51 PM

[TravelingPennies]

So you're using LC grade, although they continually and unannounced change it. And when you say all notes, how can there be out of sample testing?

[TravelingPennies]

from: rawraw on October 27, 2014, 01:21:09 PM