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Messages - ThinleyWangchuk

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Investors - P / Insanity
« on: July 27, 2016, 08:33:16 PM »
Anyone investing in notes within the last week is insane.  It's pretty screwed up for them to list this junk.

Investors - LC / Where did all the loans go?
« on: July 22, 2016, 09:01:25 AM »
# of new loans of platform has decreased materially in the last few days.  Any idea why?

I believe the discrepancy is servicing fees and that whatever page you are looking at on Lending Clubs website is showing raw performance of the loans, not what an investor received.

The NSR calculation includes a 1% servicing fee to show the return that a typical investor would actually see and this is probably why all of the NSR numbers are lower.

Are you sure?

"NAR includes borrower payments received each month, net of service fees, actual charge offs, and recoveries."

Foliofn - LC / Site to automatically set YTM and sell notes?
« on: June 12, 2016, 03:43:28 PM »
Is there a way one can automatically set a YTM for notes and then place these for sale?

Investors - LC / Re: Are you investing in new notes at LC
« on: June 06, 2016, 12:07:59 PM »
Quality of notes are improving - investing in new loans
I was just buying Folio notes all at a significant discount, noticing that the YTM was greater than the note interest rate, then looked at the current interest rates here:
Most of the existing folio notes even when purchased at a discount, the YTM is still below the new notes since the interest rates on the new notes is much higher than the existing pool of notes on folio.  Makes sense, they have moved interest rates up so there should be a sizable discount on folio anyway [even if there was no other issues with investor confidence]. 
ergo:  now buying more new loans and checking ytm exceeds new note interest rate on folio before purchase

How do you sort out the notes on foliofn (i.e. by employment status, revolving balance etc)?

Investors - LC / Re: Are you investing in new notes at LC
« on: June 01, 2016, 01:59:41 PM »
Quality of notes are improving - investing in new loans

An article in today's WSJ shows the breakdown of "deal volume by investor source."  Over 50% of funds came from institutions in the latest quarter.

Investors - LC / Re: New to P2P investing - please advice
« on: May 09, 2016, 10:25:21 PM »
I would not invest more than you can lose.  The underwriting standards have changed significantly over the years.  Any projection of historical returns on future returns will result in disappointment.

@lascott A net return of 12% is nothing amazing.  In fact I think a net return below 14-15% is disappointing... Don't forget, we are investing in unsecured "high risk" debt.

@FILTER I couldn't agree with you more on this statement: " As Iíve stated before, it could be intentional that LC(the guy at the throttle) either capitulate to big money, balance spreadsheets, focus associates efforts elsewhere, or to foster/encourage the funding of older notes."
I've talked to two other former investors on the platform (both in the asset management industry) and their feeling was that LC was squeezing the little guys.  In fact, don't quote me, but I read somewhere (I think the form 10K) that most of the notes are sold to institutions.

Hi Guys,
I've been a lender for close to half a decade on both the Prosper and the LC platform (attached is a SS of one of my LC accounts to give me some sort of credibility).  The Lend Academy community was a great tool when I first started off... Just thought I would share my insights and give back in a small way. 

About a year and a half ago I noticed the loan quality start reflecting what I believe to be junk and extremely high risk (my friends in high finance also agreed).  About a month ago I noticed a few loans were starting to meet my underwriting standards (earn a decent rate net of losses).  However, this past week, loan quality has dipped in what I consider "Junk."  My $.02, be careful before going all in when investing in notes, the reason being I do not think the historical returns will be as good as future returns. 

Also an important thing to keep in mind is that when investing in the notes, you are "competing" against others for the best notes.  Thus I think it is important to keep in mind you are competing against investors who spend most of their day trying to generate alpha.  Sorry to be a bit crude, but I hope you guys find this valuable...

Investors - LC / Re: LC declining stock price: a signal?
« on: February 04, 2016, 01:52:42 PM »
Besides the recent FED increases in the interest rates and LC adjustment, is there any known reason why the stock price of LC has gone down a lot in the last month? Is the market thinking that the quality of the loans is going to worsen so we will have more non-performing loans? Any theories?

@sergio0p  I am a portfolio manager.  My $.02 is that LC stock along with the general market (specifically tech stocks) are/were overvalued.  I haven't looked at the stock since the IPO (considered purchase) but it was grossly overvalued and had too much expectations built in.

Updates.  If this is all wrong six ways to Sunday, tell me.  For the P,Q, and R boxes I really didn't know what to do.  So what I did was use combined adjusted for ANAR and combined not adjusted for WAIR for the entries.
Impressive!  How do you manage to have such low non performing loans?

Congrats on the great returns... If you don't mind sharing, how do you screen through all the notes?  What are your thoughts on trading notes?

"Focused" portfolio.

Got a few LC accounts.  This one has the most notes.  Hope this helps!

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