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Topics - wcwei5800

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Foliofn - LC / Folio Selling API
« on: September 30, 2017, 04:12:41 AM »
According to Folio API documentation, we should be able to sell notes and have notes expire at the same date. However, whenever I set the expiration date to today's date, I always get the error message of "ORDER_EXPIRE_DATE_TOO_SHORT".

Are you able to submit the form with today's date? If not, how do you deal with the problem? Do you only reprice your notes every 2 days?

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Foliofn - LC / Account's Available Cash Missing
« on: April 13, 2017, 09:24:11 PM »
i only being using my lending club to invest through Folio notes. Recently, I been noticing my account available cash balance decreased without me taking any action. (Did not purchase notes, no auto investing, and did not withdraw). It generally decrease by amount less than 2 dollars.

For example, today at noon, after I purchased notes, my available cash is $842.94. Thie evening, before I purchase any notes, my available cash is only $840.85. i did not take any actions in between. I use program to purchase notes and document available  cash, so I don't think thist is one of those cases where I remember it wrong.


Is there a reason that my account available will decrease? Fees should not be the reason because LC takes fees from payments.

Did anyone else experience the same thing?




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Foliofn - LC / Download Folio Secondary Note Data
« on: March 17, 2017, 01:54:06 AM »
removed

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Investors - LC / Roth IRA with P2P Lending
« on: February 12, 2017, 07:46:00 PM »
I am thinking about opening a Roth IRA account with Lending Club. However, I do have a concern I want to address before doing so.

If I want to rollover my normal Roth IRA account with a broker to a new Roth Ira, I could just sell all the assets and move the money to the new account. Or I can take all the money from the old account and deposit it into a new account within 60 days.

However, if I want to close Roth IRA account with Lending Club and transfer to a new Roth IRA, it would be hard to liquidate all the assets at once since we need to wait until all the notes mature. (I know Folio is a way, but I don't think it is a great way.)

If I do want to rollover my lending club Roth IRA and to a new Roth IRA, do I have to let my money park in lending club until all the notes matured, and then transfer it all to a new account? Or can transfer my money each month to a new account for next 36 month?

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