Author Topic: Best Tool for FOLIO Selling  (Read 2827 times)

Shawnthgreta

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Best Tool for FOLIO Selling
« on: December 05, 2016, 03:03:36 PM »
I wish to start trying to sell off some FOLIO notes. What is the best tool to use to do this or is it easiest just through the FOLIO interface? I saw you could set selling strategies in NSR. As well as any tools to help with pricing. Any advice is appreciated.

jz451

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Re: Best Tool for FOLIO Selling
« Reply #1 on: December 05, 2016, 04:01:27 PM »
Peercube is a good option if you're willing to pay for a monthly membership, as well as NSR. Both let you do the similar things in regards to backtesting, buying, and selling.

Shawnthgreta

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Re: Best Tool for FOLIO Selling
« Reply #2 on: December 05, 2016, 04:17:47 PM »
Peercube is a good option if you're willing to pay for a monthly membership, as well as NSR. Both let you do the similar things in regards to backtesting, buying, and selling.

Looking for free options. Do not do enough volume to justify paid options. Using NSR Invest for the second.

fliphusker

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Re: Best Tool for FOLIO Selling
« Reply #3 on: December 05, 2016, 05:24:46 PM »
NSR does not charge fees for accounts under 20k, I believe.  I just sell from the FOLIO site as not trying hard to sell my notes.  I also have a small account and can not justify paying fees either. 

.Ryan.

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Re: Best Tool for FOLIO Selling
« Reply #4 on: December 05, 2016, 11:59:18 PM »
LendingRobot has the service to sell notes on the secondary market without charge. They also have a feature that will start your asking prices high, and slowly roll them down as time passes until your notes get sold.

I have been using them for 2+ years for traditional investing/reinvesting, and like their service quite a bit.

Shawnthgreta

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Re: Best Tool for FOLIO Selling
« Reply #5 on: December 06, 2016, 01:01:31 PM »
Are there any services that let you auto-sell based on lending club Portfolio? I want to reprice notes that I bought off of Folio based on which portfolio they are in. Neither Lending Robot nor NSR can do this. Am I stuck pricing them manually in the lousy FOLIO interface?

dr.everett

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Re: Best Tool for FOLIO Selling
« Reply #6 on: December 06, 2016, 01:58:01 PM »
Interest Radar does what you are looking for.

Shawnthgreta

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Re: Best Tool for FOLIO Selling
« Reply #7 on: December 06, 2016, 04:15:07 PM »
Interest Radar does what you are looking for.

Once again it is paid based. The FOLIO interface is just difficult to work in (no sorting etc). Any advice? The other solutions NSR Invest and Lending Robot does not support different pricing based on what LC portfolio the note is in.

Shawnthgreta

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Re: Best Tool for FOLIO Selling
« Reply #8 on: December 07, 2016, 11:55:51 AM »
Interest Radar does what you are looking for.

Using this tool, however it doesn't appear to actually be placing sell orders.

gaoc

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Re: Best Tool for FOLIO Selling
« Reply #9 on: December 07, 2016, 05:25:30 PM »
Pricing is tricky. It involves lots of things, e.g. your goal, market price, note quality, risk, timing. The best tool usually is a custom strategy according to your personal preference.

Shawnthgreta

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Re: Best Tool for FOLIO Selling
« Reply #10 on: December 07, 2016, 05:49:06 PM »
Pricing is tricky. It involves lots of things, e.g. your goal, market price, note quality, risk, timing. The best tool usually is a custom strategy according to your personal preference.

I get this, I am really looking for a better interface than FOLIO....

Rob L

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Re: Best Tool for FOLIO Selling
« Reply #11 on: December 07, 2016, 07:00:46 PM »
Pricing is tricky. It involves lots of things, e.g. your goal, market price, note quality, risk, timing. The best tool usually is a custom strategy according to your personal preference.

I get this, I am really looking for a better interface than FOLIO....

FWIW I spent about a month and wrote several thousands of lines of code to sell half my portfolio.
I enjoyed writing the code. For me it was fun, but I doubt it beats the strategy a lot of folks here have employed.
You are not in a hurry, so let time work for you.
Simply list all the notes you want to sell at a high price, then slowly decrease your ask price over time (ie 0.xx% per day).
I dunno, but I think most of the third party services provide something like this. Maybe it's not even hard to do manually.
You're then relying on the competitive marketplace to give you the best price and it's hard to see how one can do better.