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Topics - brother7

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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 - 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.

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.

I'm wondering if the recent LC news should affect my P2P strategy. Keep reinvesting? Halt any new investing? Stop reinvesting and start withdrawing funds?
What are you folks doing in light of Laplanche's departure and other news?

Investors - P / Annualized Return: what's yours?
« on: April 12, 2016, 12:41:23 PM »
Seasoned: 20.59%
All Notes: 18.02%
Last updated on Apr-05-2016

My 12-month XIRR (3/31/2015-3/31/2016) is 9.54%.

General P2P Lending Discussion / Better returns: LC or Prosper?
« on: March 17, 2016, 10:16:37 PM »
For those with accounts on both platforms
1. Which platform has given you the better returns?
2. Which platform will you add new funds to?

Investors - P / XIRR calcuation: how do you guys do it?
« on: March 17, 2016, 10:50:01 AM »
How does one account for loss rates on Prosper in their XIRR calculation?

On the Prosper website, I see that one can drilldown to discover which notes are late, their degree of lateness and the principal balance of each late note. I guess what's missing is the Loan Status Migration percentages, similar to Lending Club's page.

Investors - P / Prosper website down?
« on: December 02, 2015, 10:56:35 PM »
It's been down for me for the last several hours. Is it just me or everywhere?

PeerCube / Filter for Homeowner
« on: December 02, 2015, 12:44:19 PM »
When building a Prosper filter, is it possible to filter for Homeowners?

P2P-Picks / P2P-Picks ends in 1 week. What will YOU do?
« on: June 23, 2015, 05:44:00 PM »
With the end of P2P-Picks in 7 days, what strategy are people switching to?

NSR Invest / Issue date for backtesting
« on: June 08, 2015, 06:44:57 PM »
With the impending shutdown of P2P-Picks, I've decided to go back and design my own filters for LC and Prosper using NSR.

My question: What range of issue dates do you guys use when backtesting on LC and Prosper?

My initial thought is to use 10/14/2008 (LC) and 07/15/2009 (Prosper) as the starting issue date, as those are the dates of SEC approval. Or perhaps I should choose a later date like 01/01/2010 to lessen the impact of the earlier years (the wild wild west years) of P2P.
For ending issue date, I'm torn between 07/01/2014 or 10/01/2014 to allow the younger notes to age and possibly default. Also, note that the current datasets include originations through 03/31/2015.

PS I primarily invest in 36-month notes.

Thanks in advance for any feedback.

Investors - P / Custodial account at Prosper?
« on: May 25, 2015, 10:51:59 AM »
Does Prosper offer custodial accounts?
I know LC does.

Investors - LC / Reinvestment amount in relation to total notes
« on: April 28, 2015, 06:28:23 AM »
To those who reinvest their LC payments into new notes, what increment do you choose?

I've been reinvesting in $25 increments. My active note count is approaching 1000. I recall that the guideline for a diversified portfolio to manage risk is 200 notes and that's supported by LendingMemo's article "When 200 Ainít Enough: Diversification & Risk in P2P Lending", even for a portfolio of E-grade notes.

I'm starting to think that I don't need 1000s of notes and am contemplating increasing the reinvestment increment to slow the growth of the active note count.


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