Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - Lovinglifestyle

Pages: 1 2 [3] 4 5 ... 61
PeerCube / Recent PeerCube changes?
« on: February 10, 2018, 09:09:01 AM »
Has anybody else not been able to see current listings for about 3 days?  The availability chart shows a flat line since Thursday.  Hope things are ok there.

Investors - LC / Re: tax question: "worthless security"?
« on: February 09, 2018, 10:00:54 PM »
I did it with TaxAct the way Storm says.  The cost basis of charged offs (Dec. 31, '17) and sales were added together, and all were counted as short term, on line 1a, Sched. D.   Line 8a (long term) stayed blank except for the prior carryover on Line 14 and 15.  The warning said that was happening, but I couldn't find anything to do about it so I gave up and filed anyway.

Investors - LC / Re: Worst Loan of the Day Thread, Grades A - C
« on: January 19, 2018, 11:03:15 PM »
"The crowd seems to like this one even less:
C3,  14.08%  $0.00
There are zero investors at this time."

No kidding!  Now, at 9:00 p.m., it's listed as "invalid loan".  Wonder what that's code for?

I have seen several posts on screen scraping.  So i though I would mention that LC is against screen scraping.
I know it does not make sense, as there is no api to extract the original note data.. but that's their TOS (Maybe they give institutional investors access to some form of screen scraping and leave us, small fish out :) )

From one my emails with support:
I think what you are describing is referred to as "screen scraping" and per our Terms of Use, you may not “engage in the practices of "screen scraping," "database scraping," or any other activity with the purpose of obtaining content or other information

I did not engage the rep on the specific detail, as i had more pressing issues and live to fight another day.

Of course, I'm a dinosaur so I remember the "other information" such as actual words from the borrower that used to be provided.  I know most statistical folks don't care about that, and if I could count on the return "OF" my money I wouldn't either.  However, the current LC is not what I signed up for.  Meanwhile, 5% of my remaining 350 (nothing-but-green-arrows-up notes) lose credibility every month when the new FICO comes out.  Credibility matters for Folio sale prices.

Per the thread topic, I've noticed a disconnect regarding notes not available for me to sell on Folio because they are in pending process--except they aren't because they settled "yesterday" according to the log.  The next day I can usually list them.  Conversely, some pending sales are cancelled a day before the payment due date.  Does not account for 50% cancellations. 

No Foliofn at all would obviously be worse, and I like the sorting function for sellers that Folio offers. 

Investors - LC / Re: What is Your Minimum Acceptable Return
« on: January 13, 2018, 01:43:45 PM »
Absent the guaranteed return OF my money (per Anabio), I need 10% to compensate for the work and time involved plus not over 3K capital loss/yr.

Investors - LC / Re: Cumulative ROI by Vintage Beginning 14Q1
« on: January 08, 2018, 11:34:57 AM »
These are beautiful, thanks for doing this. Do you have a summary tab for all LC loans that is not sliced by Grade?

I think this covers your request (36 mo loans only, all grades)

Also, for those interested, here is Insikt's definition for this metric:

For any given period, this return metric equals the monthly interest and borrower late fees you have received on your loan investment, net of servicing fees and principal losses (all annualized) divided by the average loan balance outstanding during that period.

I need a little help understanding what I think I'm seeing.  Does the bolded quote apply to this chart?  If so, the chart makes investing in LC look great to me.  There are no minuses at the bottom.  So the outcome of all grades combined is positive, regardless of individual risk?

Investors - LC / Re: Cumulative ROI by Vintage Beginning 14Q1
« on: January 07, 2018, 07:31:20 PM »
My confidence in LC's underwriting hit a new bottom when all the loans started to come out as "approved", but didn't look any better to me.  Seems like all they had to do to get approved was fill out an application and have sufficient FICO.

Investors - LC / Re: Recoveries: More than usual?
« on: January 06, 2018, 03:15:27 PM »
Thanks for pointing this out.  I discovered Dec. had $48 recovery and Nov. had $24, up from $2 in Oct.  That's a trend I like!  Didn't have an adj. val jump, but that's because of sales' discounts.

Your Notes purchased on the Lending Club platform
Adjusted Net Annualized Return:   13.87%
Weighted Average Interest Rate:   18.48%
Weighted Average Age of Portfolio:   52.1 mos
Number of Notes:   5,033

Combined Return:
Adjusted Net Annualized Return 8.12%

Traded Notes
Combined Return
Adjusted Net Annualized Return 3.71%
7204 Traded Notes

Grade: A(1.0%) B (3.4%) C(6.8%) D(10.8%) E(46.9%) F*** (21.3%) G*** (9.9%)
Term: 36(25.2%) 60(74.8%)

Notes Breakdown:
My Notes at-a-Glance 5033
Not Yet Issued 0
Issued & Current 368
In Grace Period 1
Fully Paid 4,322
Late 16 - 30 Days 0
Late 31 - 120 Days 1
Default 0
Charged Off 341

vs All Accounts:
vs Similar Age Accounts:
vs Similar Age and WAIR Accounts:

Thank you for all your work lascott, and Happy New Year! 

Foliofn - LC / Re: FolioFN Hours of Operation
« on: December 09, 2017, 01:08:24 PM »
Pretty sure it's 24/7.  I don't know, and I only sell --not buy.  Haven't experienced any limitation on selling times.

Adjusted Net Annualized Return:   13.87%
Weighted Average Interest Rate:   18.51%
Weighted Average Age of Portfolio:   50.8 mos
Number of Notes:   5,061

Combined Return
Adjusted Net Annualized Return 8.11%

A(1.0%) B (3.2%) C(6.6%) D(11.0%) E(47.4%) F*** (21.1%) G*** (9.8%)
Payments  36(28.7%) 60(71.3%)

Your Portfolio

vs All Accounts:
vs Similar Age Accounts:
vs Similar Age and WAIR Accounts:

Investors - LC / Re: Dear LC
« on: November 15, 2017, 09:44:30 PM »
I wouldn't care about returns falling if I didn't have any charge-offs!

Foliofn - LC / Re: Discount on notes Liquidation
« on: November 14, 2017, 04:25:14 AM »
In general, I will discount a few times a day.  Sometimes buyers seem to be doing something else, like enjoying themselves, or out of money temporarily.  Waiting longer causes problems like going to payment processing or progressing on the late schedule.  A few days ago I had an in-grace, up-trend FICO, listed at -33%, and the next day it went to bankruptcy!
Automatic investment users have clear criteria that may not fit your notes for sale until the price is low enough.  The lowest I have to discount on a current note presently is -55%.  I respect their judgment.  The same reason they want a large discount is probably the reason I don't want to keep it myself. They are smart and seem to know what they are doing. I am liquidating only the dropping FICO trends or late pays now because those are easy to sort for at the Folio site.  Have already removed most lowest interest notes because those will have paid back less principal by the time they eventually get to the down or late state.  Any that maintain their FICO trends AND always pay on time can stay, at least until the 36 month ones are gone.

I thought I read your question a few days ago, but I must be mistaken.  Hope this answer helps a little.  A long time ago some famous posters said (sic) "if you haven't sold the note yet the price isn't low enough, and you can only sell it for what somebody is willing to pay."  Another asked "Are you pricing it to sell, or pricing it to keep?"  I still remind myself of that, and am glad I stuck to $25 notes.  That makes it easier to let go--or said another way, causes less pain!

Edit P.S.  That grace I mentioned that just went BK has paid me back $37.22 on my $25 note, in 52/60 payments on an F-4 at 23.76%.  $5.25 balance was remaining.

Investors - LC / Re: LC Cash on Balance Sheet Down
« on: November 11, 2017, 06:17:45 PM »
Sorry--I didn't notice the date about that "up to 1.3 billion" was a year ago.  I was just wondering if Canadians enjoy some tax advantages we don't that would make the investment less risky for them than for a US based securitization group.

Investors - LC / Re: LC Cash on Balance Sheet Down
« on: November 11, 2017, 03:01:02 PM »
Does a Canadian bank get to write off its LC losses against its interest income?

Pages: 1 2 [3] 4 5 ... 61