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Topics - .Ryan.

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Investors - LC / Returns during Covid-19 Economy
« on: April 26, 2020, 11:41:18 AM »
I have a small LC account (IRA) that is still active. I track performance closely, and was expecting a significant decrease in returns with the current state of the economy.

Surprising to see, however my returns have actually slightly increased over the last two months. From 7.4 at the beginning of the year to about 7.7 now. Knock on wood.......

Curious to hear how others returns are currently faring......

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Investors - LC / Experiences with Automated Account Liquidation?
« on: September 10, 2018, 09:28:59 PM »
I've been winding down my LC account for over a year now, but still have over 4k active notes. I've tried mass listing on folio, but it is super tedious with that many notes.

There are a couple of services out there that can help liquidate accounts. I know liquidp2p and Peercube have automated selling features that can be used for liquidation, and I am curious to any experiences people have with using these for this purpose.

I am very interested in accelerating my liquidation, but concerned with the potential loss by leveraging a service to help with this. Waiting out a natural liquidation is painful, but it's better than losing money. I'm curious as to what I should expect as to losses when using a service. All my notes are seasoned (1+ years old) in a well diversified portfolio across b-c-d loans.

I just don't want to hand over control and find out in the morning that my whole portfolio was sold overnight(awesome!!!) at a 90% discount(bad!!!!).

Anil, or anyone else, any thoughts?


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Investors - LC / LC Holiday Today?
« on: October 09, 2017, 11:42:40 PM »
I noticed that none of my account metrics updated today (notes late, interest paid, etc....). LC taking a holiday today? or did I miss something?

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Investors - LC / So, let's talk liquidation strategies….
« on: October 04, 2017, 10:54:57 AM »
From spending way too much time on this board, I gather that a few people are in the same boat as I am….. Pretty much done with P2P Lending.

After 3 years of investing in Prosper and LC, I quit re-investing roughly 6 months ago with the intention of letting the accounts naturally run off. After continuing to watch my loans late % and default rates continue to climb, I'm not sure I want to wait this one out.

Prosper…. I guess I am stuck with you. You win the award for most illiquid investment ever. Uggh.

LendingClub… I'm considering a "steady liquidation" strategy and would appreciate any thoughts or ideas. I'd like sell my loans on the secondary to liquidate, but I am in no rush to get them all sold immediately. In fact, I'd rather take my time and eek out as much as I can get for them. I am thinking about a 2-3 month process of liquidating.

To make things easy and simple, I have been thinking of pricing each loan (regardless of status, details) at a 5% premium, assuming only a very small percentage, if any will sell. After 2 weeks, bringing the rest down to 4%. After 2 more weeks, down to 3%. Rinse and repeat.

Once challenge is that I have over 7k loans, which makes automated selling almost a requirement.

What do you think of this strategy? Are there any services out there (Peercube, NSR, etc…) that would be well suited for automating a strategy like this?  Anybody else like to share their strategy/thoughts?

Thanks in advance…

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General P2P Lending Discussion / LC vs. Prosper - Where are you investing?
« on: November 21, 2016, 05:57:45 PM »
I'm curious as to which platforms (LC vs. Prosper) people are investing in notes. What's your current mix, and why?

Me: I started investing a few years back, and in order to minimize platform risk, decided to split my investment funds across LC and Prosper 50%/50%.

Although Prosper seems to be delivering a slightly higher return for my portfolio, I am increasingly becoming concerned regarding their health (CEO leaving, increasing losses, private company, etc.). Plus, I find their website woefully lacking in portfolio visibility/analytics.

I am thinking of shifting from an even split to going exclusively (or close to it) to LC. Lower returns, but I'm much more comfortable with them.

You?   

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Investors - LC / What is your Portfolio Analysis Tool of choice?
« on: August 04, 2016, 07:28:08 PM »
As an LC & Prosper investor, I am curious as to your choice of tool/service for portfolio analysis, and why you chose what you did.

Me: Over the last 3 years I have invested in nearly 10k notes, and am always interested in finding trends amongst those notes that may help me tune my note picking strategy.

Prosper's utter lack of any analysis is maddening to me. I find LC a bit better, but not nearly what I am looking for. I use Lending Robot for investing (love their service, love their staff), but analysis & reporting is not their focus.

So far, I have created some spreadsheets, done some basic development work on a custom XAMPP based system, and used a trial account on Interest Radar to try to determine what the best option would be. Spreadsheets work, but are basic. I'm a techie and love XAMPP, but don't have the cycles to build a system from scratch. IR definitely held some promise, and so I am definitely leaning towards a 'service' like solution.

I'd love to know what tool or service people are using (and like) to do portfolio analysis & reporting. I know there is a lot out there, and I'm not sure I want to (or need to) build my own. So what do you peeps use?

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I'm considering an investment strategy that leverages LC & Prosper for income, and I have some questions regarding how best to automate withdrawals from LC.

I use LendingRobot for both LC and Prosper, which has a function to keep a certain amount of cash in the accounts. Prosper has what appears to be a reoccurring withdrawal feature. Simple enough to use those together to meet my needs.

As far as I can tell, LC only supports one-time withdrawal. I can script the withdrawal call to the API and stick that in a cron job to execute weekly/monthly, but I am hoping that there is a better option.

Any ideas?

Thanks in advance.

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Hello folks, I've been casually investing in P2P for about 1.5 years, but I'm not nearly as deep into the mechanics as some of you. So please be gentle! ;) I am interested in investors experiences with using P2P for income generation, specifically strategies around regularly withdrawing profits and keeping the principal amount in play. I have a few questions, but would love to get any and all feedback on investors who have tried this, or even contemplated it. Any advice is appreciated.

I am defining profits as portfolio value over the original investment. Please let me know if there is a better way to do so.

I'm concerned that this strategy would be book runoff, minimizing new note investment (as compared to automatic reinvestment). It seems that many believe that reinvestment offsets the higher number of defaults in aging loans, so decrementing new loan investment would have a magnified negative impact on return. Any truth to this?

In terms of withdrawals, is there any difference (in terms of investment impact) of taking profits every X months, vs. a strategy of taking profits every time they have reached $X?

What is/would be your strategy for income investing with P2P?

Thank you!

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