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Messages - Emmanuel

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LendingRobot / Re: New sign ups get an extra $5000 managed free
« on: August 03, 2016, 04:20:40 PM »
If you're invited to LendingRobot, you start with $10,000 managed for free instead of the usual $5,000.

Please take note that the people inviting do not get an extra $5,000 managed for free for each new invitee anymore. We had to cancel this for regulatory reasons (the SEC considered it to be solicitation).

Investors - LC / Re: Reduced Cash Drag
« on: August 02, 2016, 07:48:19 PM »
I think so as well. Committing money to a loan that ends up not being issued if a waste of opportunity for investors.

LendingRobot / Re: Forward-looking return dropped 192 bps in one day
« on: July 22, 2016, 04:40:27 AM »
Well diagnosed, it was a fluke on our part, as we're improving the way we calculate expected returns.

Sorry for the scare!

Investors - LC / Re: Liquidity of Funds?
« on: June 30, 2016, 03:14:57 PM »
Man, some of you give really horrible advice...  the guy's got 8k that he needs back in nine months and you want him to spend hours setting up filters and then more hours doing folio sales whilst taking on all kinds of risk and uncertainty...  really stupid to go with LC.

Please pardon the self-promotion, but some LendingRobot clients park money for a few months, sometimes as little as $5K, sometimes as much as $100Ks. It may take a few days for the robot both to deploy the cash and to sell the notes, but as far as time spent by the client, it's minutes, not hours.

Granted, there's always a risk to want to sell at the worst possible moment, when there's no demand. This is why buying old loans on the secondary market is a good idea.

Investors - LC / Re: F is the new A
« on: June 27, 2016, 12:14:14 PM »
When you say payment data, are you referring to data where you can see the value and date of payments made for each loan? If so, where do I find that?

It's in

Investors - LC / Re: F is the new A
« on: June 26, 2016, 09:26:31 PM »
Or why a conservative portfolio is not necessarily made up of only conservative loan grades...

We have the *population* (not just sample) of payment data; why use Monte Carlo?  Why "simulate"?

Because the calculations would only apply for someone investing in every single loan.

Notes invested in by LendingRobot are automatically put in a portfolio named with the corresponding investment rule, followed by '- LendingRobot'.

Investors - LC / F is the new A
« on: June 16, 2016, 06:06:24 PM »
Or why a conservative portfolio is not necessarily made up of only conservative loan grades...

Investors - LC / Re: LC delinquencies went DOWN in Feb & March 2016
« on: May 26, 2016, 10:47:46 AM »
These sorts of graphs are not very helpful due to growth. The vintage graphs in LC filings are much more useful

Good point.
It's possible to compensate for that, see

I go for 36-month A and B notes with annual incomes 90k+ among some other conservative features across only 24 states. Could be a coincidence I suppose but cash is really starting to pile up and I'm not exactly anxious to loosen up my filters with all the recent news. Has anyone else experienced anything like this or is it biz as usual for you all?

Loan volume is lower than usual (as one can see on

Have you tried buying on the secondary market? With automation, there's a lot of good opportunities to seize right now ;)

The 2 best pieces of the NY Times :

"Lending Club provides scant details on borrower performance by type, product or vintage (the year in which a loan was made)"

and, my preferred: "A chart on the company’s website showing the “adjusted net annualized return” [...] was limited to larger investors, those buying at least 100 of the company’s notes".

It's great to see journalists really understanding peer lending  ;)

I conclude that most of LC's stock price movement is NOT ABOUT LC AT ALL, but about a change in stock investor sentiment toward the new online lenders as a group.  In a year and a half, stock investor sentiment in this group has gone from unleashed enthusiasm to unbridled disdain.

Agreed. An anecdotical evidence of this is LC loosing 10% last week after On Deck announced disappointing results, while a) it's small-business vs personal loans, b) on-balance vs marketplace, c) LC was expected to show good financial numbers the week after (which they did, by the way).

Investors - LC / Re: Time for LC to Raise Interest Rates?
« on: April 21, 2016, 06:52:59 PM »
Here's our take on it: The most noticeable aspect in the increase in spread, not the average rates going up.

See more on

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