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Messages - loan_trader

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1
Investors - LC / Re: Firesale!
« on: March 28, 2014, 08:20:33 AM »
OK, OK, now final 23 at a discount of (0.32%)
...I'll just keep the ones that don't sell at this price...final markdown!
   
Again, all perfectly good new issues...first payment in about a week's time...
   
12687267        42368978   
13028274   43093308
13026719   42863271
13007264   42915042
13017827   43015213
12997246   43052806
12766662   42645587
12916394   42837366
12967226   43036354
12617502   42401488
13006694   42863272
13036913   42883277
12987281   42930881
12917258   42943216
12895517   42442351
12755702   42500973
12886414   42602760
12786502   42620499
12696545   42330802
12508592   42400152
12616444   42400153
12687114   42401487
12775687   42463868
12845816   42500974
10076549   42315877
12675965   42350167
12795416   42443728

2
Investors - LC / Re: Firesale!
« on: March 26, 2014, 11:23:49 AM »
Remaining notes at 0.48% markup, from 1%.  I've sold a few but still have more since I still have some in funding.
All new issues!  :)


LoanId       NoteId
10066121   42955361
10076549   42315877
11707423   42328685
11884851   42500975
12256352   42315242
12499354   42442350
12508592   42400152
12518230   42328687
12616444   42400153
12617502   42401488
12657599   42421256
12667153   42421257
12675965   42350167
12686980   42328686
12687114   42401487
12687267   42368978
12696545   42330802
12755702   42500973
12756470   42602761
12766662   42645587
12775687   42463868
12776148   42545468
12785976   42520254
12786502   42620499
12795416   42443728
12845397   42442348
12845816   42500974
12856188   42568589
12886103   42545707
12886414   42602760
12895517   42442351
12906856   42882701
12907669   42978969
12907976   43036356
12908263   43092661
12916394   42837366
12917258   42943216
12926062   42751163
12965737   42699741
12967178   42917916
12967226   43036354
12978114   43069603
12986418   42837257
12987281   42930881
12996187   42775069
12997246   43052806
13006694   42863272
13007162   42917913
13007264   42915042
13016681   42863140
13017827   43015213
13026719   42863271
13028274   43093308
13036913   42883277
13037994   43036355
13038589   43127234

3
Investors - LC / Re: Firesale!
« on: March 25, 2014, 08:26:26 AM »
At the end of the year for the 3-4k in profit...minus terrible tax treatment, I'd be better off, as is often stated on this board, getting a job at McDonald's.

With the recent initiatives to raise the minimum wage, this option is looking a lot better. Might want to get in early though. The demand for these jobs is going to go through the roof if the law passes.

Unlike what your name suggests, it sounds like you were mostly looking to purchase notes for investment. Why not just get a subscription to www.interestradar.com? All you need to do is set up your purchase filters then turn on the auto-buy feature. There's virtually no work involved after that, other than to periodically log into Lending Club to see how much interest you've earned.

Good point. I did have a subscription to LendingRobot. But I still think I'd want to be active in getting rid of late notes to on the trading platform and checking to make sure everything was working so that I could get a great return. I'm the type that would need to be hands on with that kind of stuff (if it was only a login away). So I guess I'm just too much of a control freak to set it on autopilot. And the headache at tax time just isn't worth it when I can put it someplace that gets slightly better tax treatement and someone who is working full time with my money to make sure I get good gains.

Anyways, I have to run. I have a second interview with Ronald. He says he's going to start me on fries. Cha-ching!

4
Investors - LC / Re: Firesale!
« on: March 24, 2014, 03:15:56 PM »
Quote
loan ID:
42400152
42401487

These are note IDs, not loan IDs.  It does make difference when you're trying to find them.  1-2%+ markup for all of them?  A fire sale is a sale at heavily discounted prices, or a sale of goods damaged by fire.  I can see that they're not heavily discounted, so I must assume that there is a note arsonist on the loose.

Quote
developing my API
Quote
I was using my own API

You are misusing the term API.  An automated tool which uses Lending Club's API is not itself an API.  I don't know how this peculiar (mis)usage got started around here.

How very right you are. See below for both Note and LoanID's.

As for the term "fire sale" I believe heavily discounted is a relative term. So, compared to most other newly issued loans on there these are heavily discounted (in the eyes of this beholder) so I can use "fire sale" if I want!
At 1-2% markup I'm barely covering the fees I'm paying. But fine, I've changed them all to 1% now! All of them!!! They're on fire!!!! Hot! Hot!

You are right, I did misuse API. I was in a hurry. I've changed my post. Good catch.

Finally, let me say that you, Core, were/are, by far, my favorite person on this board.  Very entertaining and intelligent posts!   You, and all the other regulars here, made it quite fun to read most of the information on here during these last few weeks.

LoanId   NoteId
6300160   42615973
9216439   35255855
10066121   42955361
10076549   42315877
11707423   42328685
11884851   42500975
11976961   42322428
12256352   42315242
12489215   42837258
12499354   42442350
12508592   42400152
12518230   42328687
12616444   42400153
12617502   42401488
12657599   42421256
12667153   42421257
12675965   42350167
12686980   42328686
12687114   42401487
12687267   42368978
12696545   42330802
12707139   42350168
12755702   42500973
12756470   42602761
12766004   42615974
12766662   42645587
12775687   42463868
12776148   42545468
12785976   42520254
12786502   42620499
12795416   42443728
12845397   42442348
12845816   42500974
12856188   42568589
12866830   42645586
12886103   42545707
12886414   42602760
12895517   42442351
12906856   42882701
12907669   42978969
12907976   43036356
12908263   43092661
12916394   42837366
12917258   42943216
12926062   42751163
12965737   42699741
12967178   42917916
12967226   43036354
12976527   42851276
12978114   43069603
12986418   42837257
12987281   42930881
12995636   42699743
12996187   42775069
12997246   43052806
13006694   42863272
13007162   42917913
13007264   42915042
13016681   42863140
13017827   43015213
13026719   42863271
13027912   43014427
13028274   43093308
13036913   42883277
13037994   43036355
13038589   43127234
13045956   42751159


5
Investors - LC / Re: Firesale!
« on: March 24, 2014, 12:56:22 PM »
Good points! 
Mostly it was the time aspect that killed it for me. It's just a very active investment strategy. Although I love the idea and the game it just wasn't worth it. I am currently deciding between 3 funds to invest in. Peters new fund, Direct Lending Investments, and Ranger Specialty Income.

6
Investors - LC / Firesale!
« on: March 24, 2014, 11:31:38 AM »
Hello all,

I've decided that doing LC manually just requires too much time for me to spend investing this way...coupled with all the murky tax issues it just can't be worth it for the amount of $$ I wanted to invest (about 25-40k). At the end of the year for the 3-4k in profit...minus terrible tax treatment, I'd be better off, as is often stated on this board, getting a job at McDonald's. Instead I've decided to just give my $$ to a fund that is investing in this space. Sure I'll give up some fees, but I'll gain a ton of my time/life!  It's been great reading up on all this, developing my API/excel/screen scraping tool and buying notes at feeding time.

So, I'm selling all the notes that I've bought over the last few weeks. Very little to no markup. I was using my own strategy as well as LendingRobot with some great filters (I spent quite a bit of time doing backtesting and they are all new issues). I'm listing my remaining notes here because I think it will help differentiate them from the zillions currently listed. I think they are all good ones. And because people on this board have provided such a wealth of knowledge that I'd like my sweet notes to go to good homes. You can all thank me later!

(As a bundle the notes have ROI of about 10-12% (after loss rates) in my backtests/filters.)

loan ID:
42400152
42401487
42442351
42330802
42602761
42620499
42500973
42545707
42602760
42751159
42943216
43036355
42883277
42863272
42917916
42930881
42851276
42837258
42401488
42837366
43036354
42645587
43014427
42350168
35255855
42400153


7
Investors - LC / Re: Lending Club to stop screen scraping?
« on: March 18, 2014, 01:51:00 PM »
I also noticed that there are about 300 more loans on here then there use to be. I don't think that has anything to do with screen scraping issue.

I wonder why it could be...

8

My question is along the same lines as this thread.
I have figured out how to automatically download the file to excel so I can run my own queries on it.

However, my problem is that I don't know how to detect that a new set of notes has come out so I can download the most updated file.  Normally I'll refresh the page until I see a new one is out then manually run my scripts...but I'd like to have this automatically download only when new notes are issued (it seems like they are at random times up to 2 or 3 minutes past the hours they are suppose to come out). Anyway to do this without the API?

also, is there a glossary for all the additional fields that are in the file?

thanks,
dan

9
Investors - LC / Re: Taxes - a sanity check
« on: March 11, 2014, 08:59:47 AM »

I have a high marginal tax rate and a ton of capital loss carry-overs.  I'm making a solid net pre-tax return (12+%) but post-tax, it's about 3-4% because I cannot take the losses against the income.  I think the IRS would understand as I'm simply trying to pay tax on my net return from LC and Prosper.

Whoa, big difference in rates after the tax man takes his piece. I'm trying to wrap my head around a scenario that makes this better... Is there any way that this isn't as harsh (other than classifying as CPDI's, which I doubt holds much water). If you have short-term gains (elsewhere) to offset the short-term losses, does that make it better? 

So LC doesn't report any of the losses to the IRS?  If it's up to us to "qualify" them then maybe the CPDI isn't out of the question. sounds pretty murky and open to interpretation....

10
Investors - LC / Funding History Analysis
« on: March 10, 2014, 02:09:45 PM »
Is there anyplace where you can see exactly which notes were funded after they have been done so? I would like to go back and see exactly what was disappearing (at least in the last 2 hours or so), how many people funded it and how quickly it lasted. I basically want to see if big players are grabbing big chunks of those things that vanish quickly...and how quickly they are going...

I know Lending Robot will show you the most popular (which is what I want) but it doesn't have a Loan ID attached so I can check into them one at a time.
https://lendingrobot.com/#/popular/LC

Also, does anyone know how many registered Lenders there are in LC? Just curious.


11
Investors - LC / Re: Folio Traders - Roll Call
« on: March 06, 2014, 01:44:08 PM »
I edited my OP to reflect the definition of a "trader". I'm surprised at the turnout, so far we have 5 traders (big and small) who posted. Add in the obvious NJG and that brings us to 6. That's almost enough to form our own secret society...  ;)

I wonder how many total users are in LC and Folio. Maybe there are only 7 or 8 and they are all on these message boards!  ;)

12
Investors - LC / Re: New LC Filter for Monthly Income
« on: March 04, 2014, 04:14:57 PM »
In this asset class, you have to keep the macro in mind.  2 bad applies in a barrel of 2,000 will hardly move the needle but it will take a lot of work to find them.

By this I assume you mean that if you just trust your filters then weeding out these 2 bad apples isn't worth the time and instead of taking the time to weed them out to just realize that a few of them won't change your overall portfolio?  True, true.

I guess I should mention though that I found these 2 by looking at 4 or 5 in this class. So I guess what I'm saying is that there might be enough bad apples here to move the needle (maybe say, 1 in 10? instead of your 1 in 1000?) Clearly though I could just have a short term knack for picking rotten fruit.

13
Investors - LC / Re: New LC Filter for Monthly Income
« on: March 04, 2014, 01:43:33 PM »

I'm still new and feeling my way around here as I fine tune my strategies..

But loans like the 2 listed below really boggle my mind. I just don't understand how someone can need to take out a loan for 6k who earns 20k a month. Maybe this is why it's only 27% funded...but I'm sure it will get funded eventually (as they all do). Personally, this screams of fishiness. Just trying to get away from the numbers that everyone can crank through and to some questions regarding the people behind these things.  Or perhaps they are lying about income.


loan_id=12498808

Borrower Profile

    Gross Income: $20,000 / month
    Job Title: n/a
    Home Ownership: OWN
    Location: troy, AL
    Length of Employment: 10+ years
    Debt-to-Income (DTI): 1.33%

(as reported by credit bureau on 3/4/14)Borrower Credit History

    Credit Score Range: 660-664
    Delinquent Amount: $0.00
    Earliest Credit Line: 08/1995
    Delinquencies (last 2 yrs): 0
    Open Credit Lines: 10
    Months Since Last Delinquency: n/a
    Total Credit Lines: 15
    Public Records on File: 1
    Revolving Credit Balance: $5,625.00
    Months Since Last Record: 88
    Revolving Line Utilization: 61.10%
    Months Since Last Major Derogatory: n/a
    Inquiries in Last 6 Months: 0
    Collections Excluding Medical: 0
    Accounts Now Delinquent: 0

Similarly, here is another head scratcher...you make 200k a year but don't have enough for a 6k home improvement project?

   
Borrower Member_14480820

    Loan Submitted:   3/3/14 8:31 PM   
    Review Status:   Under Review Under Review   
    Monthly Payment:   $192.68 (36)
    Member Loan#:   12468699 Prospectus   

(all information unverified unless otherwise denoted)Borrower Profile

    Gross Income: $16,667 / month
    Job Title: service tech
    Home Ownership: MORTGAGE
    Location: Cypress, TX
    Length of Employment: 3 years
    Debt-to-Income (DTI): 7.82%

(as reported by credit bureau on 3/3/14)Borrower Credit History

    Credit Score Range: 695-699
    Delinquent Amount: $0.00
    Earliest Credit Line: 12/1999
    Delinquencies (last 2 yrs): 0
    Open Credit Lines: 7
    Months Since Last Delinquency: n/a
    Total Credit Lines: 22
    Public Records on File: 1
    Revolving Credit Balance: $9,224.00
    Months Since Last Record: 29
    Revolving Line Utilization: 58.40%
    Months Since Last Major Derogatory: n/a
    Inquiries in Last 6 Months: 0
    Collections Excluding Medical: 0
    Accounts Now Delinquent: 0

Anyways, slow day on the boards so I thought I'd see what everyone thought.  When running stats on NSR of anyone in a B loan making over 200k you get a ROI of 7.5% (avg age 14 months), with rates of 11.74%, so I'm guessing these guys at current rates of under 10% aren't going to pan out. Sub 7%, right?

Just trying to get an idea of which loans to stay away from (and I can't believe they all get funded). 'Guess it just goes to show that it's not as easy as simply running filters.

14
Investors - LC / Re: New LC Prime
« on: March 04, 2014, 11:26:44 AM »
Does anyone have an invite code for Lending Robot that they can send me?
Thought the automation in LC Prime would work for me but it sounds terrible for those who want to compete at "feeding time".

Thanks!

15
Introductions / Tradition
« on: March 03, 2014, 11:46:06 AM »
I just figure that unless you are putting a lot of time into it a fund may be the way to go for a certain level of investment. And they are getting a % of profits so they will do their best to squeeze every bit of the market to get best risk profile and above avg returns for you (and them). However, I agree if they levered it then it would certainly be way better! Just a thought. Thanks for the feedback.


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