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Off Topic / Re: Cash Parking
« Last post by jheizer on December 14, 2018, 10:24:13 PM »
Ha. Interesting.
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Off Topic / Re: Cash Parking
« Last post by AnilG on December 14, 2018, 06:40:07 PM »
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Off Topic / Re: Cash Parking
« Last post by nonattender on December 14, 2018, 06:13:23 AM »
My assumpting is SIPC, but will see once more is known.   I hopped on the list.  Assuming it's to it her more people on their brokerage accounts.  Free there = selling your order flow.  But kids these days like being the product to get something for free.

Yes, SIPC is my understanding of the insurance that will be provided on funds, up to $250k.  The product is not scheduled to launch until Q1 of 2019, so, thing may change and there may be delays.  I remember signing up with Robinhood - or trying to - a few years ago when they were about to launch free crypto services, but I didn't have the one type of cellphone platform (Apple) that they supported - and they had no other way to access their platform.  Maybe that will change... or already has.  I never went back.

There are a few 3% APY liquid FDIC checking/savings accounts around, but they're in limited areas.  I think there's one in part of Texas, one in a few counties around Detroit.  There's a 2.50% APY online FDIC acct being offered by a Boston bank, on the nationwide side.  EBSBDirect, I believe, is the name of that one.

For short term CD's, I think there are some attractive-looking 3mo and 6mo at just under 3 (2.7-2.9 or so) at... Advancial?  Sounds right - not sure.  Connexial, Advancial, something like that.

I've been out of the equity market, mostly, for a while - still avoiding tech, kinda - but am starting to do some value shopping, at these levels.  Not trying to catch the exact bottom, but do think the bullshit pessimism is overblown, on an earnings basis, for many names...
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Off Topic / Re: Cash Parking
« Last post by jheizer on December 13, 2018, 09:45:29 PM »
My assumpting is SIPC, but will see once more is known.   I hopped on the list.  Assuming it's to it her more people on their brokerage accounts.  Free there = selling your order flow.  But kids these days like being the product to get something for free.
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Off Topic / Re: Cash Parking
« Last post by Rob L on December 13, 2018, 09:39:25 PM »
Meanwhile
"In A Bold Asset Grab, Robinhood Offers 3% Interest On Checking And Savings Accounts"
https://www.forbes.com/sites/jeffkauflin/2018/12/13/in-a-bold-asset-grab-robinhood-offers-3-interest-on-checking-and-savings-accounts/#58e12944341a

Such an interesting thing! Checked out the web site and I'm still not sure if the account is FDIC insured (SIPC instead?). However, I can earn enough interest to fill my tub with mac-and-cheese or buy a really neat snake. My only familiarity with Robin Hood is from Reddit posts from quite some number of unfortunate YOLO folks that thought trading stock options on their cell phones was a good idea and turned 5 figure accounts into one figure accounts. Hint; the snakes are on the other side of those trades. If I can park FDIC insured cash there at 3% and name a beneficiary I'm in!
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Off Topic / Re: Cash Parking
« Last post by jheizer on December 13, 2018, 11:25:33 AM »
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Investors - LC / Re: Worst Month Yet
« Last post by Rob L on December 11, 2018, 09:37:34 AM »
When Notes turn delinquent they take out a huge chunk of the money we have earned in the form of interest received on the good notes. We really struggle to get the good notes and when one of them tuns bad it negates all the hard work put in.
LC really needs to do a better job of going behind the defaulters. But then, why should they. Its not their hard earned money. its ours.  Sorry I am ranting.
I am thankful they have increased their efforts in the couple years. Keeps me 'positive'.
Is the amount of principal in each account constant over the period shown?
If not then how do the numbers look as a percent of principal invested? TIA

I've been taking money out almost daily for like 1.5 yrs I think.   I'm afraid my G sheet does not have Principle but it does have Charge Off Amount from the monthly statements.

Here is a percentage of Recovery-RecFees Amount compared to Charge Off Amount.  It appears they hired Guido in 2018-08 :)


Wow! that's a lot of kneecaps!
Nice uptrend too.
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Investors - LC / Re: Worst Month Yet
« Last post by lascott on December 10, 2018, 10:20:03 PM »
When Notes turn delinquent they take out a huge chunk of the money we have earned in the form of interest received on the good notes. We really struggle to get the good notes and when one of them tuns bad it negates all the hard work put in.
LC really needs to do a better job of going behind the defaulters. But then, why should they. Its not their hard earned money. its ours.  Sorry I am ranting.
I am thankful they have increased their efforts in the couple years. Keeps me 'positive'.
Is the amount of principal in each account constant over the period shown?
If not then how do the numbers look as a percent of principal invested? TIA

I've been taking money out almost daily for like 1.5 yrs I think.   I'm afraid my G sheet does not have Principle but it does have Charge Off Amount from the monthly statements.

Here is a percentage of Recovery-RecFees Amount compared to Charge Off Amount.  It appears they hired Guido in 2018-08 :)

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Investors - LC / Re: Worst Month Yet
« Last post by arcee49 on December 10, 2018, 12:09:22 PM »
When Notes turn delinquent they take out a huge chunk of the money we have earned in the form of interest received on the good notes. We really struggle to get the good notes and when one of them tuns bad it negates all the hard work put in.

LC really needs to do a better job of going behind the defaulters. But then, why should they. Its not their hard earned money. its ours.  Sorry I am ranting.

I am thankful they have increased their efforts in the couple years. Keeps me 'positive'.


Is the amount of principal in each account constant over the period shown?
If not then how do the numbers look as a percent of principal invested? TIA

I was wondering this as well...but wouldn't recoveries as a percent of Charged Off Amount be more useful?  And as you get a recovery the Charged Off Amount would decrease for subsequent months.
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