Messages

1

Investors - LC / Re: IPO Pop - Place Your Bets

« on: December 11, 2014, 12:30:41 AM »

17.10, PBR!

2

Investors - LC / Re: Million dollar income CEO; seeks $35k loan

« on: November 29, 2014, 07:02:47 PM »

Why even bother? If I scaled this to my income, I'd never consider a loan so small.

3

Investors - LC / Lending Club to Offer Super Prime Loans!

« on: November 19, 2014, 12:26:18 PM »

Interesting new offering from LC:

2 year for 10k or less starting at 3.99%
3-7 year for 10-50k starting at 4.99% and 5.37%

Full PR here:

http://www.prnewswire.com/news-releases/lending-club-launches-aa-super-prime-loans-283189791.html

4

Investors - LC / Re: LendingClub IPO Directed Share Program through Fidelity

« on: November 19, 2014, 12:21:00 PM »

Looking for a little guidance here.  So the plan is for the DSP shares to be offered through Fidelity.  I don't have a Fidelity account.  Do I sign up for an account right now or assume that they will contact me through the info that LC is providing them and sign up then? Then after the IPO is issued and I get the shares can I just transfer them over to my Vanguard Brokerage account from the new Fidelity account and close the Fidelity account?  Kind of a mess but just trying to put a plan together.  Thanks

 

I personally didn't want to take the chances so I decided to get my account setup asap. My full experience here:


http://peersociallending.com/investing/investing-lending-clubs-ipo/

5

General P2P Lending Discussion / Re: Automatic Investing Feature

« on: November 10, 2014, 09:33:18 AM »

I've outlined my thoughts on Lending Club's automation vs other third parties here:
http://peersociallending.com/investing/lending-club-automated-investing-vs-third-party-automation/

You left out PeerLendingServer.com, the one I use.

Yes - I definitely need to check out their software. I had reached out to them, but we were holding off on a feature post for now.  I need to make it a priority to include them since it definitely is a viable option. 

6

General P2P Lending Discussion / Re: Automatic Investing Feature

« on: November 09, 2014, 10:59:25 AM »

If you have the time to investigate, the third party tools are definitely the way to go in my opinion.  I've outlined my thoughts on Lending Club's automation vs other third parties here:

http://peersociallending.com/investing/lending-club-automated-investing-vs-third-party-automation/

7

Archived Sites - No Longer Operating / Re: Added New Features to Percentile Tool

« on: November 07, 2014, 04:52:44 PM »

Nice work - I like seeing the highlighted dots I'm being compared with.

vs All Accounts: 89
vs Similar Age Accounts: 85
vs Similar Age & Similar WAIR Accounts: 44

8

Investing - General (not P2P) / Re: Sell stock with gains since LC/Prosper are Short Term Capital Losses?

« on: November 06, 2014, 01:30:23 PM »

Ok and if what I'm understanding correctly from what I read, if I don't have any capital gains to offset the losses - it will be offset ordinary income.

9

Investing - General (not P2P) / Sell stock with gains since LC/Prosper are Short Term Capital Losses?

« on: November 06, 2014, 12:16:41 PM »

I have a tax question and this is an area I'm trying to educate myself on so I appreciate any thoughts.

I have one stock holding that I bought in Feb 2013. It's only worth about $1,500, but I'm up about 70% on the investment overall.    Since it's such a small amount I'm considering selling and rolling it into other investments.  By the looks of it, I'll have about $290 of capital losses this year with LC.  Will this help offset some of the gains? What happens to my capital losses if I have no capital gains against it for the current year?  Do losses simply 'roll over' to the next year?

I hope this will help me better understand the tax implications of LC/Prosper as well. Thanks!

10

Investing - General (not P2P) / Re: Gathering experts' opinion about the future of peer lending

« on: November 02, 2014, 04:46:36 PM »

I'd like to hear some thoughts on how they expect retail investors to get access to this asset class in the future.  Will folks like those on this forum simply be in the minority of trying to squeeze out better returns than funds full of notes?  Somewhat similar to buying your own real estate vs buying a REIT fund.

Looking forward to hearing more Emmanuel

How do retail people buy stocks and bonds with the massive amounts of institutional money in the space?

Sorry I wasn't more clear. I'm interested in a discussion of how many people they expect to access this asset class in a fund vs through the platforms directly. It seems like accessing 'p2p' via funds could make up a majority at least as far as retail investors are concerned. I'm aware of the literal 'how' of buying a fund.

11

Archived Sites - No Longer Operating / Re: New note selection model & website. Would love feedback

« on: November 02, 2014, 11:55:00 AM »

I see what you are saying.  Maybe we should add a 3rd percentile then, similar age AND similar weighted average interest rate.  That data is in the JSON so it is just a matter of pulling it out and calculating it.

I think that would be a great feature.  You could even add the filters like Lending Club has so we can view our percentile based on factors we choose

12

Investing - General (not P2P) / Re: Gathering experts' opinion about the future of peer lending

« on: November 02, 2014, 11:45:43 AM »

I'd like to hear some thoughts on how they expect retail investors to get access to this asset class in the future.  Will folks like those on this forum simply be in the minority of trying to squeeze out better returns than funds full of notes?  Somewhat similar to buying your own real estate vs buying a REIT fund.

Looking forward to hearing more Emmanuel

13

General Prosper Discussion / Exciting news for Prosper tomorrow?

« on: October 26, 2014, 09:36:37 PM »

Just hopped on twitter and saw tweets from Ron Suber/Prosper that Prosper is going to release 'exciting news' tomorrow.  Any guesses? Filing to go public?

14

Investors - LC / Lending Club IPO for retail investors

« on: October 21, 2014, 11:41:33 AM »

Now that we are certain shares will be available to retail investors (who have invested in notes in LC as of Sept 30, 2014), I'm wondering how many people plan on investing at the IPO price and how much.  Will you wait to get your shares after they are public?  I think it's a unique opportunity especially given the restriction.  My plan is to invest, I'm just not sure how much yet - perhaps the amount of interest I've received from Lending Club.

see: http://www.lendacademy.com/lending-club-ipo-retail-investors/

15

Investors - LC / Re: Lendingclub API

« on: October 21, 2014, 11:34:32 AM »

So what does this new API mean to those of us who aren't programmers but who rely on third party solutions? (i.e. BlueVestment, Lending Robot, et al.)

Does the API key we have provided to these sites work with whichever version of the API they are using?  As they migrate over to the new one, will we need to do anything?  What is the likely timeframe for moves to begin happening?

Since we have provided our LC login credentials to these sites so they can screen-scrape our available cash and this will no longer be necessary, will these sites eventually purge our login credentials from their databases?  Will they inform us when this has been done?  I'm guessing it would probably be wise to then select a new password just to be extra safe.

Hopefully Nathan, Emmanuel, and/or some of the others who maintain 3rd party sites can chime in with how they plan to handle the migration.

I've reached out to BV, LR and NSR and hope to do a post talking about what this means for each specific service, migration plans etc.