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Messages - brother7

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I visited the Upgrade website. Couldn't find any opportunities for investors, only borrowers. Not really P2P, I guess.

General Discussion / Re: Peer Street
« on: February 21, 2017, 03:40:48 PM »
I joined PeerStreet in December, 2016 and like it a lot. I've stopped reinvesting in LC notes, slowly shifting capital to PeerStreet.

LINK FOR 1% YIELD BUMP: Join PeerStreet

General Discussion / Re: 2017 resolution: transition from LC to PeerStreet
« on: February 14, 2017, 10:55:26 AM »
FUN FACT: PeerStreet's co-founder Brett Crosby also co-founded Google Analytics.
I'm familiar with website marketing/SEO so that credential carries a lot of weight with me.

PeerStreet affiliate link for a 1% bump

The stock has performed very well post-Laplanche.

REITs offered by Fundrise, RealtyMogul and Rich Uncles are open to non-accredited investors.

Investing - General (not P2P) / Betterment: a best-of-breed robo-advisor
« on: January 24, 2017, 04:18:15 PM »
My brother has four kids, all under 18. As a good uncle, I want to ensure their financial lives get started on the right foot.

We started with Lending Club custodial accounts. They're adjusted NARs were 4-5%. Better than a savings account but short of what I expected.

I began researching real estate crowdfunding opportunities. It seems the ones available to non-accredited investors are all REITs (Fundrise, RealtyMogul, Rich Uncles). Plus, either me or their dad will need to actively monitor the investments until the kids are financially responsible enough to oversee their own accounts.

Then I stumbled upon a growing area of fintech called "robo-advisors". Researching further, I came across Betterment which sounds perfect for what we want to accomplish. Basically, it uses the investor's profile (age, net worth, risk tolerance, etc) to customize a portfolio of stock and bond ETFs. The portolio rebalances on it's own. Aside from adding funds, it's a set-it-and-forget-it way to build long-term wealth.

I opened and funded my own Betterment account to experience how the whole thing works. I really like it! For a young adult with limited knowledge of investments, it's a great way to start.

As each kid turns 18, we'll halt Lending Club reinvestment and move funds into Betterment. In addition, we plan to take advantage of the annual gift tax exclusion to start shifting assets to the next generation.

To learn more about Betterment, check out Investor Junkie's in-depth review of Betterment.

Investors - LC / Re: Does LC Suffer Fools Gladly?
« on: January 18, 2017, 07:22:24 PM »
I've experienced declining returns for several quarters which is why I'm looking into real estate crowdfunding now.

Investors - P / Credit bureau change from EX to TU broke my filter!
« on: January 18, 2017, 02:46:29 PM »
I autoinvest using a filter built in the Classic interface. After not getting any notes for 3 weeks, I called Prosper for an explanation. Apparently, when Prosper switched credit bureaus from Experian to TransUnion, some data fields became unavailable. In particular, the Homeowner field is not reported by TransUnion. Since my filter uses that field, autoinvesting stopped.

I'm now rethinking my investment strategy with Prosper. Recently, I've started to dabble in real estate crowdfunding (Peerstreet and Fundrise) and may redeploy funds there.

General Discussion / Fundrise
« on: January 17, 2017, 01:13:58 PM »
Took the plunge into real estate crowdfunding this morning with a $3,000 investment into Fundrise's eREITs.

Investors - LC / Re: 2015 & recent loan quality
« on: January 06, 2017, 11:20:13 PM »
OK, I will ask it. What is "IGP"?
In Grace Period

Investing - General (not P2P) / Re: Robo-advisors?
« on: January 04, 2017, 03:56:27 PM »
I have a friend who's young, not investment-savvy and wants to start a Roth IRA. I did some research and will advise her to look into Schwab Intelligent Portfolios.

UPDATE: As I did more research into robo-advisors, I found one of the main complaints about Schwab Intelligent Portfolios is cash drag. It seems the best-of-breed robo-advisors are Betterment and Wealthfront. It's a toss-up, with most comparisons I've read giving the very slight edge to Betterment.
Check out InvestorJunkie's reviews of robo-advisors, a deep-dive into every major player in the robo-advisor space.

Investing - General (not P2P) / Re: where to invest further
« on: January 04, 2017, 04:05:16 AM »
I'm in both Prosper and LC like you. Like a lot of people, I've experienced declining returns this year, with Q4 2016 XIRR = 2.42%. I'm seeking greener pastures and have my sights on real estate crowdfunding. Under consideration are PeerStreet and Fundrise. I'm leaning more toward PeerStreet because of 1) 1st lien position and 2) short 6-24 month loans. If I were in my 20s-40s, I'd consider REITs offered by Fundrise and others. But the lack of liquidity in private REITs probably isn't desirable for older investors, especially if you're close to retirement.

That's my 2 cents. YMMV.

General Discussion / Any recommendations for RE crowdfunding?
« on: January 01, 2017, 01:06:14 PM »
I'm looking for recommendations for any real estate crowdfunding opportunities to consider, along with an explanation of why the site deserves consideration.
Am looking to diversify (currently invested at LC and Prosper) into real estate.
Thanks in advance and HAPPY NEW YEAR!

General Discussion / 2017 resolution: transition from LC to PeerStreet
« on: December 28, 2016, 08:03:54 PM »
I've halted Automated Investing at Lending Club and plan to redeploy funds into real estate crowdfunding.
PeerStreet appeals to me right now. (use affiliate link for 1% Yield Bump)

What convinced me to switch was this Invest Like a Boss podcast (episode 13) comparing PeerStreet and Lending Club.
I like the idea of secured real estate loans vs unsecured consumer loans. The fact that PeerStreet has yet to have a defaulted loan speaks volumes. I expect year-end tax reporting to be a lot easier too.

I'm also researching Fundrise for relatives who are close to retirement and looking for retirement income.

For those of you who are halting your LC (re)investment, will you continue to invest in Prosper loans?

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