Author Topic: Best days of month to find good loans?  (Read 3277 times)

lascott

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Best days of month to find good loans?
« on: March 30, 2014, 10:27:11 PM »
Let's say you are using a third party tool (BlueVestment, LendingRobot, etc) so you can purchase every day of the week when you have money in your LC account.

Let's also say you are planning on putting $1000 a month into LC via transfers from your bank account which take 4ish business days.

What days of the month would be best for doing the $1000 transfer or transfers if you were going to do multiples (say twice a month at $500)?

There is a "Funded - Daily' chart at Nickle Steamroller and if you set it to 3 months then you see a pattern with different parts of the month (1st, 20th, 28th, etc).

http://www.nickelsteamroller.com/#!/charts?vendor=lendingclub&chart=total_funded&resolution=0

Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

Fred93

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Re: Best days of month to find good loans?
« Reply #1 on: March 30, 2014, 11:54:33 PM »
Nothing in that chart says I'll make more money investing on a particular day.

These days LC seems to have enough loans available that I have no trouble finding appropriate loans on any day.

RaymondG

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Re: Best days of month to find good loans?
« Reply #2 on: March 30, 2014, 11:55:00 PM »
There is not a clear pattern given filters being used. Here is a log of number of loans passed screening of my filters (Grade C5-G) by day in past 3 months.
« Last Edit: March 30, 2014, 11:57:32 PM by RaymondG »

AnilG

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Anil Gupta
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Emmanuel

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Re: Best days of month to find good loans?
« Reply #4 on: March 31, 2014, 02:22:00 PM »
Here are some crude statistical analysis, it seems there's no pattern...

lascott

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Re: Best days of month to find good loans?
« Reply #5 on: April 01, 2014, 12:54:21 AM »
Thank you everyone for the informative replies.  Anil, I enjoyed the articles.

I wonder if in the future as there are more investors whether "turning on" your 3rd party LC tool will end up being useful on Sunday nights or monday Mornings.

I wasn't sure if many investors do the bank transfer on the 1st and 15th when many people get paid so a lot of loans would be taken up on ~4th or ~19th.  I thought there may be a better selection in time periods other than that.  Similarly avoiding end of month where I had read even before this thread there is a gluttony of note purchase.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

brycemason

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Re: Best days of month to find good loans?
« Reply #6 on: April 01, 2014, 12:54:48 AM »
I checked all sorts of temporal hypotheses. Bunk.

Joleran

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Re: Best days of month to find good loans?
« Reply #7 on: April 02, 2014, 09:52:11 AM »
I checked all sorts of temporal hypotheses. Bunk.

I think you'll find that Mondays of months with 4 Saturdays in even numbered years outperform, as do Wednesdays and Thursday in 5 Saturday months with an "e" in their name.