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Messages - ThinleyWangchuk

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Investors - LC / Re: Worst Month Yet
« on: September 21, 2016, 01:47:54 AM »
Interesting strategy. But doesn't payment processing occur regardless of if they pay? I thought it just canceled regardless

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Think that's been my experience.

I e-mailed LC a few days back about this.  Here is their response:

"Thank you for your e-mail and support of Lending Club. If a borrower makes a payment on a loan that is listed for sale on the secondary trading platform operated by Folio Investing, the note will be removed from the notes available for sale on the secondary trading platform. Receiving a payment causes the outstanding principal to change, which effects the pricing of the note. This note may be re-listed for sale.

If the sale of the Note has already processed. It will not be given back to the seller if the payment is not received. "

What do you guys think?

Investors - LC / Re: Worst Month Yet
« on: September 20, 2016, 01:58:00 PM »
I went several years on LC without any defaults.  I miss selling IGP notes :(

Why did you stop?
Because it either doesn't work anymore or I don't know the new tricks. They were sold at net gains, not discounts

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Have you considered selling notes with upcoming payments (i.e in 1-2 days)?  If the borrower makes a payment, the pending sale is canceled.  If the borrower does not make payment, the loan is transferred to the seller.

Investors - P / Re: first-velocity-association?
« on: September 20, 2016, 01:49:06 PM »
They told me that it was an institution.  Also keep in mind that the lender has been a 'Member Since: Feb-02-2016.'

Foliofn - LC / Re: Does this make sense?
« on: September 10, 2016, 12:52:09 PM »

Good stuff... Any idea on how the first few months of an average portfolio looks like (i.e. .25% of portfolio charged off every month)?

Foliofn - LC / Does this make sense?
« on: September 10, 2016, 01:07:58 AM »
Hi Guys,
Does it makes sense to invest in notes in which borrowers have made 3-6 payments (months) at par... Since one is not collecting the first 3-6 payments do you think the return would be lower than if one invested in the note at origination?

Foliofn - LC / Re: Site to automatically set YTM and sell notes?
« on: September 10, 2016, 01:01:13 AM »
I've often wondered the any case, your portfolio looks great!  I wish mine looked that good :)

Thank you  :)

Investors - LC / Seasoned Notes?
« on: September 05, 2016, 06:41:10 PM »
When is a note is called seasoned?  Anywhere one can get stats on how loans perform as time passes?

Foliofn - LC / Re: Penny Note Strategy
« on: September 04, 2016, 02:35:07 AM »
Any updates guys?

Investors - LC / Re: Where did all the loans go?
« on: September 02, 2016, 08:20:30 PM »
@fliphusker Thank You!

Investors - LC / Re: Where did all the loans go?
« on: September 02, 2016, 12:07:28 PM »
Seems to me like we're back to the where are the loans again. Yes it's end of month and all, but wow. Nothing good in Folio. Nothing good that's new. I've seen rules purchase in my plans that normally don't get used because everything else triggers before. Even still- not enough to buy.

And it seems like all the panic sellers are gone too.

I list notes for sale at a significant markup and they are starting to sell again too. Crazy times, it seems. Looking at $2-3k waiting to be invested, and nowhere good to invest it.

Others seeing similar or has my criteria become too tight?
I just snapped up a few notes on FOLIO tonight with over 4% discount that fit right into my strat.  Not having much of an issue with FOLIO and not finding notes that have never been late at discounts. 
Would you mind me asking when you say "significant markup", what that would entail?

Do you mind sharing which tools/sites you use to screen for notes? 

Will update my info soon...  Currently my ANAR is ~2% less for all accounts.

Investors - LC / Re: Where did all the loans go?
« on: August 19, 2016, 05:03:13 PM »
How can I learn about fractional vs whole investing in LC, Prosper, etc?  Do I have that as an option as a retail investor? Or is that only for Institutional clients?

I think you have to call and ask.  I think it's more of a size & experience thing rather than institutional vs individual. 

PS: At the 10am feeding (just now), they added 26 fractional + 209 whole loans.  Get 'em while they're hot.

~11% are fractional loans.  It feels like LC is shafting us, the individual investors.

Investors - P / first-velocity-association?
« on: August 16, 2016, 04:37:38 PM »
Does anyone know why the all new notes originate from a user called "first-velocity-association"? 

Investors - LC / Re: Where did all the loans go?
« on: August 09, 2016, 02:50:28 PM »
LC posts loans 4 times per day.  I think there must be a new fellow in charge of this for the last few months, as they don't take as much care to maintain inventory levels in the fractional market as they used to.  In any case, the pattern now is that most postings are small, and the weekday afternoon postings are the big ones.  It is as if the guy has it set on automatic, ie just post a tiny number, and then he steps in once per weekday, and opens the gate.

It would be better for fractional investors if they paid attention to the inventory level.  You'd like to know that whenever you login, there's a fair chance that you can do some business.  I'll send in this suggestion.

This chart shows the number of loans posted at each feeding time.  I've shown the total number of loans posted, including both whole and fractional.  The line is a 7 day moving average of the dots, so you can see the trend.

Do you have a chart showing the # and/or % of notes that are whole v fractional?

Investors - LC / Re: I'm peeved with lack of EFG loans
« on: August 09, 2016, 02:48:03 PM »
I've been happily investing in DEFG loans recently to skew my portfolio for higher total return and all of a sudden, about a week and a half ago, the supply completely dried up! I think LC is restricting these loans from the fractional in order to feed the newly returning institutional investors. They fled at the first sign of trouble and now are being lured back by big incentives. Meanwhile I stick around and get shafted. I now have a large cash balance and am yearning for a supply of loans in the FG range. I sent a message to LC, but have heard nothing back. I'm sure they would tell me to relax my filter, but I already have enough ABCD loans and don't need more. NSR tools have helped me hone my filter and all I want is to return to the way the platform worked for most of this year, up until two weeks ago.

Yeah, pretty much BS.  I tried calling them but they kept me on hold for a very long time.

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