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Topics - mikedev10

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my account is clearly missing money in the summary because of 1. cash in folio tied up in pending purchases 2. cash in folio tied up for canceled, refund processing orders.

without making trades for no days and waiting for all these to settle, is there a way to actually accurately account for how much my account is worth?  i'd like to take a month end snapshot to calculate IRR but how can i do this if i can never get an accurate number?

it seems that the best i can hope for is that
1. at any given point i record a number, the same amount of money is held up
2. at some point if i invest enough money, the amount tied up won't significantly throw off my results

that or make some lame rule like i stop trading the last 5 days of the month or something.

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Foliofn - LC / is it possible to get credit score over time?
« on: January 13, 2019, 01:31:31 PM »
i see on the api that for a given note in my account, i can get a detailed response - but it only has a trend for the credit (up/down) but not how much.  i see when viewing an individual note in foliofn though that there is the trend chart with monthly captures of the credit score.  can we access that data, either the history of it or the value at a given point in time?  a simple up/down doesn't seem particularly useful.

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Foliofn - LC / taxes...?
« on: January 12, 2019, 05:27:42 PM »
primary note = ordinary income
secondary note = ordinary income
charge off = capital gains loss
sale of note, or recovery after charge off = capital gains gain/loss

is this correct?

i'm still confused how to even calculate this...  say i lent $25 at 5% and a borrower started repaying in jan 2018.  at this point i've collected about 8.99, of which 7.92 was principal and 1.07 was interest.  i assume my tax form is going to have a box (summing up all my notes) and stating i owe taxes on 1.07?

reporting on this stuff alone seems an argument to only fund an account with roth ira funds...

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Foliofn - LC / ytm vs. remaining payments
« on: January 11, 2019, 03:43:00 PM »
sorry for all the peppering of questions in here guys but i'm new so i have plenty.  :)

do you take a loan just looking at absolute ytm or do you try to attempt some annualized rate calculation to decide if you want it?  ie. 10% with 6 months remaining is great, 10% with 59 months remaining is not so great.  i assume ytm / months_remaining is maybe a little too simple and naive a way to calculate something, nonetheless it would factor in those months better - is this advised?

for now i'm doing something more like the ytm can't drift too much from the original rate, ie. a 12% loan i'm looking for a 10% ytm.  maybe that is simpler and easier and does enough of the same thing?

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Foliofn - LC / daily spend?
« on: January 08, 2019, 05:15:22 PM »
how much are you guys spending daily with your bots?  i actually thought mine was going pretty slow buying 3-4 things a day.  my report queries are jacked so i'm working on them now, nonetheless, my bot appeared to...  spend vastly more than that when i left it alone, which leads me to believe i may have naively bought a bunch of stuff that isn't all that hot.  so i'm curious if anyone is willing to share how much spend they do on a typical day in this market.

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Foliofn - LC / investor fee
« on: January 08, 2019, 11:10:10 AM »
hmm i'm new here but hey fellas what is this?  just had a first set of payments 1/7; received 7.28 and had an investor fee of 0.07.  is this something that would show up for a primary note as well, or only secondary?  does the ytm already take this into account?  i was under the impression the only "fees" for a normally performing loan on the secondary market would be the 1% charged to the seller.

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Foliofn - LC / picking up pennies
« on: January 07, 2019, 07:26:17 PM »
it seems like there are loans out there with a 5% ytm, just cost $2.something, you make a nickel, 3 months of payments left in the loan...  i am a little curious why these are out here, vs. already being picked up.  why do i see this in my search without a bot having already picked it up - is there a greater risk to these pennies than i'm noticing, or is the capital just deployed better elsewhere?  example for a current note would be: https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=70915052&order_id=148294353&note_id=119450233

2.44 to make 2.49 over the next 3 remaining payments.  a fast, but lowly nickel.  seems safe.  why hasn't it been gobbled up?


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Foliofn - LC / evaluating ytm
« on: January 02, 2019, 12:55:43 PM »
hey fellas, could use some help here;

first off i am curious as to why any notes are even listed for negative ytm or near 0 ytm, why would anyone purchase these at all?

my real challenge is in deciding what amount of ytm is "worth it" - there are A grade loans at 3, 4, 5% YTM, other values at B, and i'm having a hard time coming up with "draw the line here" which i assume is actually "draw the line here based on the default level of risk."

so rather than "buy A if ytm is 4.5 or above"

i'm thinking my rule should be "do something with original interest rate and months remaining, and if this is better or equal to ytm, and tm is 4.5 above, then buy"

am i overthinking this?  or is my rule for "this is still pricing default risk effectively" going to be much more arbitrary than a more standard calculation i'm expecting?

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Foliofn - LC / orderid in secondary market listing api
« on: January 02, 2019, 02:25:22 AM »
this api looks neat, since i can get new orders in the last x minutes

but

no order id...  which means you can't actually place a buy order with it, right?

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so, newb here, wondering about loan/note availability;  is it just a slow time of year or is it normal to see few notes available?

per https://www.peercube.com/histperf/available_loans/lc it appears that loan availability has declined both over the past 12 months as well as year over year.

it looked like the average december day last year had 1200 loans available to invest in.  i wrote my bot expecting that it would be able to assess 1200 a day and pick what it liked.  in reality each listing period appears to eek out only 5-10 loans, with "pick your own loan via the LC api or website" being more of a marketing gimmick.

it looks like big institutional investors...  can access some loans, some how, at most any time?  do some of the tools out there (nsr invest) get to do this too?  then after that, it looks like "allocation 1" happens with most loans being filled by lendingclub auto-invest, then "allocation 2" with a smidge of a few loans gets put out onto the site and api.

does this mean the only way for a little guy like myself to actually get access to and evaluate many loans is through foliofn? 

overall, how are you guys liking foliofn?  any concerns?  i saw this video but don't know if there was a follow up and the number of loans seemed to small to draw a conclusion.  https://www.youtube.com/watch?v=rhavJHlwbB0

since you are all here i assume you have found the platform to be advantageous, although, i am surprised there seems to be so little talk/videos/etc about it anywhere.  should i consider this a good thing/hidden gem, or a bad thing, that this market is a lot rougher than one would expect and rougher to make money in that simple auto-invest?

is there any actual bidding taking place?  it appears there is no bid/ask market here, but simply a loan listed for sale which people choose to buy or not.

can i trust lendingclub's calculations to calculate ROI on my purchased notes correctly?  if not, is there a spreadsheet or something simple already out there to help me better understand how my account is doing?

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Foliofn - LC / listing API error?
« on: December 31, 2018, 12:03:13 PM »
curl -v -i --header "Authorization:Eq9d5t24343243423" --header "Accept:text/plain" --header "Content-Type:text/plain" -XGET https://api.lendingclub.com/api/investor/v1/secondarymarket/listings?updatedSince=10

if i do this i get a 401 unauthorized, with my fake auth code above; i assume everything else is valid; looks like it to me.  when i put my actual auth code in, i get a 500 internal server error.  am i doing something wrong here?

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