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Messages - Perdun

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LendingRobot / Re: New sign ups get an extra $5000 managed free
« on: April 17, 2016, 02:43:04 PM »
I signed up using the link above.

Let's keep the chain going, here's my link https://www.lendingrobot.com/ref/bYQXy749/

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Investors - LC / Re: Can someone offer some Investor 101 for a newbie?
« on: April 10, 2016, 07:42:03 PM »
Another newbie here. New to LC, but not new to investing. No debt either. Starting with 5K invested in LC, then will see how it goes and probably invest a lot more.

I'm trying to choose between setting a filter and using it to invest automatically and using the same filter to pick $25 notes manually. My understanding is that for manual investments, I have to log on when new loans are posted and try to pick the good ones before other people do. The alternative is to set the same filter and let LC pick them automatically. Is the automatic option better in terms of timing to get the best notes? With automatic investment, will LC pick the notes right after release and before the manual investors can pick them? How does the platform decide which investors pick the automatic loans first? For example, if there is a 2.5K loan and it meets the criteria of 1000 automatic investors' filters, how does LC pick the ones who will invest in this loan?
All good questions to which I have no answers.  I can give you my experience starting from the same position as you.

I started 2 years ago with a few k in a LC account.  It wasn't worth a lot of my time to optimize the crap out of it.  So I went with Automated Investing with LC, a simple filter, and a conservative investment mix.  Sometimes I would have $$$ sitting idle in the account and LC would not have bought a note for me for a few days.  I would log in and manually pick up notes that fit my criteria.  That was maybe 2x a month.

The allocation was about 85-90% A/B/C, skewed B/C, with the rest sprinkled in D/E. 

The filters were as simple as FICO>=705, Status=Approved, Deliquencies = 0, Term=36 Months.

I used this for about 2 years when this Jan I started to use statistical models to pick my loans.  If you look at the "Returns" thread, you will see I met the goal of a decent return with low risk (about an 8% return on an average loan rate of about 10%).   

If you want to amp up the risk, I suggest one of the 3rd party tools like LendingRobot.  You do have to be careful picking the high risk notes.  They've all done the research for you.

Good luck to you.

Thanks... I'm considering using Lending Robot, saw your reply in the other thread as well.

One thing I'm not sure about, though... I'd like to learn how to use Lending Club by starting out with 5K and then, if all goes well, potentially rolling over a big part of my 401K to a Lending Club IRA (when i change jobs). I don't know if i'll be using Lending Robot to manage large amounts because of the fee. Given that, maybe it makes sense to try to self manage this 5k instead of using Lending Robot, just to learn the ropes?

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LendingRobot / Re: New sign ups get an extra $5000 managed free
« on: April 10, 2016, 01:43:30 PM »
Newbie  here. I have just signed up for LC, currently in the process of transferring 5K from my bank account to LC. I'm new to LC but have a pretty good understanding of how lending works in general,

1. If I've already signed up to LC and initiated the transfer, can I still take advantage of the Lending Robot promotion?

2. When I invest more than 10K, can I keep the first 10K managed by Lending Robot for free and invest the rest of the money directly so that I don't have to pay the fee for anything above 10K? I might still use Lending Robot for assets exceeding 10K if if's worth it, just need to know if this option is available to me in case I don't want to pay any additional fees.

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Investors - LC / Re: Can someone offer some Investor 101 for a newbie?
« on: April 10, 2016, 01:29:29 PM »
Another newbie here. New to LC, but not new to investing. No debt either. Starting with 5K invested in LC, then will see how it goes and probably invest a lot more.

I'm trying to choose between setting a filter and using it to invest automatically and using the same filter to pick $25 notes manually. My understanding is that for manual investments, I have to log on when new loans are posted and try to pick the good ones before other people do. The alternative is to set the same filter and let LC pick them automatically. Is the automatic option better in terms of timing to get the best notes? With automatic investment, will LC pick the notes right after release and before the manual investors can pick them? How does the platform decide which investors pick the automatic loans first? For example, if there is a 2.5K loan and it meets the criteria of 1000 automatic investors' filters, how does LC pick the ones who will invest in this loan?


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Investors - LC / Re: Interactive Tableau Dashboard for LC Raw Data
« on: April 10, 2016, 01:11:04 PM »
Excellent resource, thanks!

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