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Author Topic: June seems to be a horrible month for me

r
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June seems to be a horrible month for me
OP: June 16, 2017, 11:00:00 PM
Even worse than Jan/Feb. I've stopped re-investing my cashflows
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a
  • Posts: 32
June seems to be a horrible month for me
#1: June 17, 2017, 11:00:00 PM
Looking at the most recent quarterly report, it is stated that individual investor capital actually increased by $30 million this past quarter. However, it seems everyone on here is slowly withdrawing their money. How are these two observations compatible?
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r
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June seems to be a horrible month for me
#2: June 17, 2017, 11:00:00 PM
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June seems to be a horrible month for me
#3: June 17, 2017, 11:00:00 PM
Below is the fractional loans originated on LC platform from the latest historical loan files. There was slight drop off in fractional loan originations (can be considered indicative of interest from retail lenders) since Dec 2016. The increase in March 2017 was most probably driven by LC promotion as well as quarter-end increase in originations.  But numbers are still much better than same time last year. The LC portfolio is not quick to unwind so the decline may show up across longer time interval.

Fractional Loan Originations as of 2017 Q1 1 End, from loan history files
MonthOrigination $ Volume
2017-03138,193,625
2017-02116,734,600
2017-01122,044,275
2016-12127,280,950
2016-11121,435,975
2016-10130,105,400
2016-09128,213,525
2016-08110,971,875
2016-07123,194,600
2016-06118,425,825
2016-05105,480,150
2016-04103,948,125
2016-03107,819,675
2016-0276,007,400
2016-01119,958,325

Platform Loan Originations as of June, 2017, from SEC filings
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s
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June seems to be a horrible month for me
#4: June 18, 2017, 11:00:00 PM
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T
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June seems to be a horrible month for me
#5: June 23, 2017, 11:00:00 PM
Good God! so you are saying your investment thesis is "hope". lol
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T
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June seems to be a horrible month for me
#6: June 23, 2017, 11:00:00 PM
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June seems to be a horrible month for me
#7: June 23, 2017, 11:00:00 PM
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T
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June seems to be a horrible month for me
#8: June 23, 2017, 11:00:00 PM
Cryptocurrencies are ponzi scheme!  8)

from: nonattender on June 24, 2017, 08:23:47 PM
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T
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June seems to be a horrible month for me
#9: June 24, 2017, 11:00:00 PM
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T
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June seems to be a horrible month for me
#10: June 25, 2017, 11:00:00 PM
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a
  • Posts: 11
June seems to be a horrible month for me
#11: July 07, 2017, 11:00:00 PM
Keep in mind the borrow default curve. If you stop reinvesting, then you stop getting interest from all of the new loans that probably haven't defaulted yet. The defaults keep rolling in though. June was also my worst month yet.
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M
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June seems to be a horrible month for me
#12: July 09, 2017, 11:00:00 PM
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h
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June seems to be a horrible month for me
#13: July 11, 2017, 11:00:00 PM
I have had a number of bad months. I invested understanding that there were going to be defaults. But I also invested looking at the percentage of defaults I could expect. The current default rate is well over that and looks to get worse.

I have stopped investing and I'm slowly withdrawing my money. I wonder if borrowers look at Lending Club as an easy mark.
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T
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June seems to be a horrible month for me
#14: July 11, 2017, 11:00:00 PM
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