Author Topic: Payment Breakdown  (Read 4192 times)

Lovinglifestyle

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Payment Breakdown
« on: August 14, 2014, 10:31:23 AM »
Does anybody else get frustrated when you're looking at a page such as "Portfolios" and then discover the "Payments" column lists totals only--undivided into principal and interest?

I figure it's part of the keep-it-a-secret, don't-be-too-helpful program, but I'm having trouble getting over it.

Fred93

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Re: Payment Breakdown
« Reply #1 on: August 14, 2014, 02:30:31 PM »
Why do you want the breakdown into principal and interest?

Its all money.  Payments shows the payment flow back to you.  You want it all.  Every dollar is as meaningful as every other.  The breakdown is artificial.

BruiserB

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Payment Breakdown
« Reply #2 on: August 14, 2014, 02:54:21 PM »
You can also click on each individual portfolio name and get the breakdown you're looking for. It's in the summary section at the top of the page.

The web designers need to make design choices of what to put where and still keep the pages legible. They aren't hiding anything from us.

rawraw

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Re: Payment Breakdown
« Reply #3 on: August 14, 2014, 04:59:37 PM »
Why do you want the breakdown into principal and interest?

Its all money.  Payments shows the payment flow back to you.  You want it all.  Every dollar is as meaningful as every other.  The breakdown is artificial.
Interest and principal are clearly different if someone is trying to maintain or increase their investment while withdrawing income.  And of course an assumption of charge off is necessary, but knowing how much interest there is to withdraw is step 1.

Fred93

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Re: Payment Breakdown
« Reply #4 on: August 14, 2014, 05:50:55 PM »
Interest and principal are clearly different if someone is trying to maintain or increase their investment while withdrawing income.  And of course an assumption of charge off is necessary, but knowing how much interest there is to withdraw is step 1.

If you want to withdraw while maintaining your original investment, all you have to do is look at your account balance.  As long as it is equal or larger than your investment, you're withdrawing interest.

lascott

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Re: Payment Breakdown
« Reply #5 on: August 14, 2014, 06:49:20 PM »
Interest and principal are clearly different if someone is trying to maintain or increase their investment while withdrawing income.  And of course an assumption of charge off is necessary, but knowing how much interest there is to withdraw is step 1.
If you want to withdraw while maintaining your original investment, all you have to do is look at your account balance.  As long as it is equal or larger than your investment, you're withdrawing interest.

https://www.lendingclub.com/account/lenderAccountDetail.action

« Last Edit: August 18, 2014, 08:57:02 PM by lascott »
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

rawraw

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Re: Payment Breakdown
« Reply #6 on: August 14, 2014, 06:53:34 PM »
That doesn't tell you anything about your income. Which I'm inferring is why the op is upset

Lovinglifestyle

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Re: Payment Breakdown
« Reply #7 on: August 14, 2014, 07:33:17 PM »
I would like to be able to see what income each portfolio is providing on one list.  Seems to me to be room on the page to provide a little more information, admittidly with a perhaps tolerable decrease in legibility. 

My reference to secrets only means that I think LC has a vested interest in not making it easy to determine which investments are not earning their keep.  By earning their keep, I am thinking in terms of effort by people such as myself who do their work manually.  Portfolio management could probably be made easier in other ways as well.

I appreciate all the replies and input from everyone--thank you very much!

lascott

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Re: Payment Breakdown
« Reply #8 on: August 14, 2014, 07:51:15 PM »
Does anybody else get frustrated when you're looking at a page such as "Portfolios" and then discover the "Payments" column lists totals only--undivided into principal and interest? I figure it's part of the keep-it-a-secret, don't-be-too-helpful program, but I'm having trouble getting over it.
I understand your point. Heck, they can't even have a total line!  I cut-n-paste that portfolio screen to a spreadsheet so I can sum up the columns.  Most useful to me is the "Expected Monthly Payments" sum. 

I determine a ROUGH percentage of that which is the interest but a simplistic part of my spreadsheet. I remove payoffs principle and interest amounts before doing the percentage calcs.

Expected_to_earn_in_interest_per_month = 37.76% times =SUM("Expected Monthly Payments on Portfolio page"). I'm roughly 4 months into P2P investing (after several weeks of investigating).

I suspect as my account matures (2 years) that calculated percentage will be fairly steady at ~22.19% -- see second graphic below.




Simple amortization of a single $25 note to check out principle and interest.

« Last Edit: August 18, 2014, 08:57:42 PM by lascott »
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

lascott

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Re: Payment Breakdown
« Reply #9 on: August 14, 2014, 08:33:05 PM »
FYI, that interestradar has a "Breakdown" and "Cash Flow" tab.  I'm trying it out for a year and will decide to continue with an annual payment.



« Last Edit: August 14, 2014, 08:37:01 PM by lascott »
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

Fred

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Re: Payment Breakdown
« Reply #10 on: August 14, 2014, 09:53:25 PM »
The "My Notes" link (https://www.lendingclub.com/account/notesRawDataExtended.action) contains PaymentReceivedToDate and PrincipalRemaining for each note.

The difference (PaymentReceivedToDate  - PrincipalRemaining) should mostly contain the interest earned on the note.



The numbers seem accurate for FOLIOfn-purchased notes as well.

Thatguybil

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Re: Payment Breakdown
« Reply #11 on: August 14, 2014, 10:03:02 PM »
Eventually it would be nice if you could have Lendingclub setup to transfer any free cash above a total amount that you set.

Example full investment = $250,000. Do not invest any amount over this in new notes and instead transfer the cash back to my checking account the first Monday of every month.

I want an income stream.

Lovinglifestyle

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Re: Payment Breakdown
« Reply #12 on: August 14, 2014, 10:06:16 PM »
Wow, Scott,  thank you for going to the trouble to share that chart!  It's fun to see the whole layout with per cents. 

I do subscribe to IR and I use the Breakdown page.  I plan to keep subscribing because I also like the rest of the site.

Folio keeps me guessing too, so discontent with a couple of LC things is all relative to the overall management and staying informed  challenge. Thanks for your input!

Thanks, Fred, for showing the data chart that the extended action link leads to.  I've never seen that before.   

turing

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Re: Payment Breakdown
« Reply #13 on: August 15, 2014, 03:45:02 PM »
Eventually it would be nice if you could have Lendingclub setup to transfer any free cash above a total amount that you set.

Example full investment = $250,000. Do not invest any amount over this in new notes and instead transfer the cash back to my checking account the first Monday of every month.

I want an income stream.

That is a great idea.  I could see lots of investors wanting something like that.