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Topics - loan_trader

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Investors - LC / Firesale!
« on: March 24, 2014, 11:31:38 AM »
Hello all,

I've decided that doing LC manually just requires too much time for me to spend investing this way...coupled with all the murky tax issues it just can't be worth it for the amount of $$ I wanted to invest (about 25-40k). At the end of the year for the 3-4k in profit...minus terrible tax treatment, I'd be better off, as is often stated on this board, getting a job at McDonald's. Instead I've decided to just give my $$ to a fund that is investing in this space. Sure I'll give up some fees, but I'll gain a ton of my time/life!  It's been great reading up on all this, developing my API/excel/screen scraping tool and buying notes at feeding time.

So, I'm selling all the notes that I've bought over the last few weeks. Very little to no markup. I was using my own strategy as well as LendingRobot with some great filters (I spent quite a bit of time doing backtesting and they are all new issues). I'm listing my remaining notes here because I think it will help differentiate them from the zillions currently listed. I think they are all good ones. And because people on this board have provided such a wealth of knowledge that I'd like my sweet notes to go to good homes. You can all thank me later!

(As a bundle the notes have ROI of about 10-12% (after loss rates) in my backtests/filters.)

loan ID:

Investors - LC / Funding History Analysis
« on: March 10, 2014, 02:09:45 PM »
Is there anyplace where you can see exactly which notes were funded after they have been done so? I would like to go back and see exactly what was disappearing (at least in the last 2 hours or so), how many people funded it and how quickly it lasted. I basically want to see if big players are grabbing big chunks of those things that vanish quickly...and how quickly they are going...

I know Lending Robot will show you the most popular (which is what I want) but it doesn't have a Loan ID attached so I can check into them one at a time.

Also, does anyone know how many registered Lenders there are in LC? Just curious.

Introductions / Tradition
« on: February 28, 2014, 12:17:07 PM »
Been reading the forum for a few days now and didn't want to break tradition. So here I am....Hello all. Looking forward to the fun of LC.

Core: "You should post something in the Introductions forum.  It is a tradition for a new user to post something there and then we're all supposed to give you a hard time in the thread.  Something like that, anyway."

Investors - LC / Buy all notes?
« on: February 27, 2014, 05:21:34 PM »
I'm new to LC and have yet to make my first purchase. I've been toying with lendingstats and all the other sites out there for the past few weeks to refine my filters.

I realize that everyone seems to want to E/F/Gs because they offer the best return after applying a few basic filters. However, aside from a basic filter of say:

C1 to G5, over 4k income and less than 1 inquirty (CC and debt consolidation),

I get a ROI of 9.5% in lendingstats (from 2010 to 2012).  Now this isn't stellar, but compared to parking your $$ in the bank, and assuming over 300+ notes you are diversified enough where you can't lose (according to the stats on LC no one with this diversified portfolio has performed below like 5%).

so i guess my question is this:  I see plenty of people saying they are having trouble finding "good loans", and complaining that institutions all gobble up the E/F/Gs with the best credentials withing seconds of being listed and because of this all their money is piling up in their account. Why, instead of shooting for 12% are people not investing in, say, every C grade and lower note and diversifying (300+) which will give you a almost certain 8-9% return and putting all your cash to use??

looking forward to joining the fun...

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