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Messages - jz451

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16
Investors - LC / Re: Soliciting feedback for my strategy
« on: February 24, 2017, 07:26:04 PM »
That only leaves Treasury bonds since there are forums about stocks/bonds/etfs/mutual funds. Even basic investing is hard since you need to do research to know if it's a good buy or not.
I'd find an investment that I felt comfortable enough with that I didn't need to commit huge chunks of text to an internet forum in order to solicit feedback from other people currently doing the same in order to make themselves feel likewise - but I am a very, very lazy person...

17
Investors - LC / Re: Email - Changes to Grace Period Interest Accrual
« on: February 24, 2017, 03:11:35 PM »
At least for me I sell everything once it is IGP so I wouldn't know what happens when my loans are late. I'm not surprised if a late fee isn't charged if they can't even call some people or leave a message when a borrower misses a payment.
It might have an added benefit of more loans paying on time if people know they have to pay more for paying late

I always thought that was what late fees were for. One of my pet peeves with LC is that they almost never apply a late fee (which we would get), but they sometimes apply a hefty extra fee (that generally wipes out the interest that month)  to us retail lenders supposedly to help pay for the extra expense in collecting late payments. I have a few borrowers who are continually one month behind in payments and although LC often dings me for that extra fee they have never charged the  borrower a late fee.

A year or so ago I called LC asking about one of these loans. They said they would research it and get back to me. Their answer eventually was that the loan was being serviced in accordance with their guidelines...I neglected to ask exactly what guidelines would allow them to charge ME for a borrowers late payment and not charge the borrower.

My response to this latest email would be to ask LC if they are so in tune with our needs why don't they charge a late fee whenever they dock us lenders for a late payment.

18
Investors - LC / Re: Email - Changes to Grace Period Interest Accrual
« on: February 24, 2017, 02:28:28 PM »
I received it about an hour ago. I think it's a good idea, just like a credit card the clock is still ticking until the borrower decides to pay. It might have an added benefit of more loans paying on time if people know they have to pay more for paying late vs spending money elsewhere.

19
Investors - LC / Re: Soliciting feedback for my strategy
« on: February 24, 2017, 12:55:58 PM »
After seeing you posted again I'll create a new post in response to that.

1. I don't invest on the primary platform but occssionally look, and using it for a model I am making. I look at the loans with the highest funding since they will be funded quicker. Doesn't mean they are better than loans with less funding, just a way to get the loans into the portfolio quicker.

2. Using the filter you provided that I looked at in my first post, the highest yielding loan amounts were the highest. $28k and greater yielded over 7.6% vs the average of 7.1% and just glancing over it the smaller amounts $10k and below yielded less than 7% ranging from 6.19% to 6.75%. So I would either ignore loan size or invest in bigger loans.

3. Same as above.

4. I ignore job title since it doesn't tell me anything as people input a million different titles and I know nothing about them. I exclude if it says N/A, same for year of employment as they usually go together.

5. Same as above

6.  I would do the same, I've looked into it and A4-A5 are probably the best bet for a hgiher yield of A loans, maybe A3, but not too many.

20
Investors - LC / Re: Soliciting feedback for my strategy
« on: February 24, 2017, 12:41:39 PM »
The first thing I would do if you haven't done so already is create an account for NSR and input your payment info (only way to use more than three criteria filters at a time) and play around with the criteria you want to filter until you have some filters you feel comfortable using. For me I have filters broken down for each grade.

Here's the criteria I'de play around with.

Year (start/end date of analysis)
Subgrade
FICO score
Term
Home Ownership
Income
Revolving Balance
DTI
# Inquiries
Employment Length

Analyzing the filter you provided starting in 2014 it yields  7.1% and a loss rate of 2.9% w/ avg age of 19.4 months. So it yields a lower rate than what you had in the past, but your loss rate is going to go down as well, with a break down by year of the following:

            Yield       Avg Rate    Loss Rate    Months
2014    7.63%    11.19%     3.23%         32.09
2015    6.37%    10.01%     2.85%         19.86
2016    7.07%    10.13%     2.37%         10.13

I combined grades A,B,C together, but I would really say that the yield overall will increase if you filter grades separately and weight each grade according to what you want, for example you want more C loans so say a weighting of 20% A, 30% B, 50% C.

In the end it is up to you what you want to do and would suggest using NSR to play around with the filters until you find something yo are happy with.


21
Yes I have added $500 work on notes on Folio, about 25 notes with the added notes changing the composition of the portfolio. I'm going into less risky notes in the D-E range, and have another $2500 I might be moving into my account in the coming months.

22
Investors - LC / Re: Worst Month Yet
« on: February 02, 2017, 02:14:14 PM »
If they are forgetting to log when they contact the borrower, then that is a bigger problem altogether, and a failure of internal controls and compliance on LC's part. I've had several notes I've had to sell because the notes go into grace period and there is no log of contact from the time the payment is due to the supposed settlement date and after that date.  At some point I am going to call customer service to see what is up about that, because from this and logs with multiple calls but no message left is simply frustrating. When I worked at Springleaf, now OneMain, from last June to September all late borrowers got left a message if they didn't answer the phone.
It isn't uncommon in consumer lending to use models to determine which customers should be contacted first. LendingClub may rely on this sort of model to focus collections on where it seems to make the most sense.  But over the years I think we've learned those logs are often inaccurate and miss events that occur.

Sent from my SAMSUNG-SM-G935A using Tapatalk

23
Adjusted Net Annualized Return:    11.56%
Weighted Average Interest Rate:    22.37%
Weighted Average Age of Portfolio:    22.06 mos
Number of Notes:    124

Grade
A (0%) B (0%) C (0%)
D (15.7%) E (43%) F (22.2%) G (19.1%)

Term
36 (1.2%) 60 (98.2%)

vs All Accounts: 98.33
vs Similar Aged Accounts: 99.83
vs Similar Aged and WAIR Accounts: 100.00

24
For anyone who buys/sells on Folio do any notes have a value in boxes 1g and 1f. 1g on the tax form says "Wash sale rule disallowed", yet on the LC tax guide for 1099-B it says those boxes are for buying notes at a premium/discount. So does this mean that anyone who buys notes won't have these boxes reported since notes are considered simular to each other? 

edit: Just looked at the tax guide included with this years statement and last years. Looks like premium/discount when buying on folio aren't reported by LC. Box 1f and 1g were changed from "Code" and "Adjustment" to "Accrued Market Discount" and "Wash Sale Not Allowed", both of which are blank on all notes sold.

25
Investors - LC / Re: Spike in IGP this month?
« on: January 14, 2017, 12:56:25 AM »
Not so far, but November was really bad for me.

26
Investors - LC / IGP No Contact Made
« on: January 06, 2017, 01:57:09 PM »
Over the past couple of months I have noticed that when notes of mine become late Lending Club has not made any contact with the borrower between the due date and settlement date when the ACH is being pulled, or after when the note goes into its Grace Period. Does anyone know why Lending Club is not making the effort to contact some of its borrowers?

27
Yeah my portfolio is really interesting at the moment, and continuously working to decide what to do in the future once I invest more money. I'm using the account to test my original strategy and don't intend to sell it off anytime soon. I attached below an PDF with my results this past year which gives anyone interested a better understanding of what I have been doing. Also I intend to add another 3k either all at once or incrementally in the near future.
Thanks to the new and interesting accounts. If I dont' see regular updates (at least quarterly), I'd probably mark this in the spreadsheet to be one of the first to fall off (hide rows). jz451's being so new and < 100 active notes would be the first to go since it may not be longterm realistic performance without more quality purchases/notes. I did hide a few non-active ones to add you folks.

SLCPaladin and jpildis, Thank you both for providing the data in this straight forward format/manner.  You both have some history/post here also.
jz451, thanks for providing the interesting account.


It is about time I finally posted my returns after starting nine months ago, so here we go. All but one note is from folio after accidently not turning off a LendingRobot filter.
Combined ANAR:   10.11%
Weighted Average Interest Rate:   23.2%
Weighted Average Age of Portfolio:   25.22 mos  <<<<calculated from my excel returns file due to being combined.
Number of Notes:   101 (93 active)
Grade: A(0%) B (0%) C(0%) D(7.2%) E(36.2%) F(31.6%) G(24.9%)
Term: 36(1.9%) 60(98.1%)
vs All Accounts: 96.48
vs Similar Age Accounts: 99.28
vs Similar Age and WAIR Accounts: 100.00
Proof photos are attached below.
I wouldn't normally want to post someone so new. 9 month account with 25.22 month old notes which would indicate some stability with the borrowers perhaps. You have a pretty interesting account. Please provide regular updates.

28
It is about time I finally posted my returns after starting nine months ago, so here we go. All but one note is from folio after accidently not turning off a LendingRobot filter.

Combined ANAR:   10.11%
Weighted Average Interest Rate:   23.2%
Weighted Average Age of Portfolio:   25.22 mos  <<<<calculated from my excel returns file due to being combined.
Number of Notes:   101 (93 active)

Grade: A(0%) B (0%) C(0%) D(7.2%) E(36.2%) F(31.6%) G(24.9%)
Term: 36(1.9%) 60(98.1%)


vs All Accounts: 96.48
vs Similar Age Accounts: 99.28
vs Similar Age and WAIR Accounts: 100.00

Proof photos are attached below.   



29
Investors - LC / Re: Automated investing - Bluevestment vs LR vs .....
« on: December 13, 2016, 03:51:45 PM »
If you ever start buying notes automatically again I'de recommend creating filters for each loan grade to improve quality instead of lumping everything into a one or two filters. If you go that route as I've realized even though I don't use auto buying is that unless there is a feature to select the percent for each grade you want is to manually shut off the filters for a given grade once your desired threshold has been met.

I started using Blue vestment's picks in Feb 2016,  using both the moderate and aggressive filters with my own filters added to each one,  so far I've accumulated 201 loans, I have 2 IG which should go current, but I have 2 that are 31-120 late which were issued in March and April, these will be going in to default next year no doubt.  So that would be 1% default to date.

Still too soon to comment on their performance,  but would be happy to provide an update in a couple months.

I did try LR for a very short time, and plan to try it again, but there must have been a user error on my end, I was using the default filter, can't recall the name, but it appeared to not include G notes, well, I picked up one G note, wasn't happy about it, so I turned it off until I could find time to figure it all out.  On a side note, LR also picked up a number of E's as well. Of the 17 notes, I have 1 B, 3 D, 12 E, and 1 G.

30
Investors - LC / Re: How much is too much?
« on: December 11, 2016, 01:48:38 PM »
I've been investing since March and my account is on the small side at $1600. I plan to increase it once I get a stable income since I'm a recent college grad.

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