Recent Posts

1

Investors - LC / Re: Worst Month Yet

« Last post by Rob L on December 08, 2019, 10:23:59 AM »

Savor the feeling of being done, but at the same time, mourn the loss. I always felt like there was a lot of lost potential that LC left on the table when they decided to make whatever changes were made. I've since moved on to Fundrise, and have never looked back. That was 2+ years ago.

The decision to leave was the right one for me and I regained so much time by doing so. They even recover their own losses. They had one go bad about a month ago and just announced that they were able to fully recover it on their own so the investors were made completely whole. When did we ever see that with LC?

Yes, it is a bittersweet feeling. For me it was a great hobby and a quite profitable one until it wasn't.
I do miss the good old days; it was a lot of fun. Guess all good things come to an end as they say.
The shrinking individual investor share of the pie as provided in LC quarterly reports tells the tale.
Best of luck with Fundrise! Sounds like you have a winner.

2

Investors - LC / Re: Worst Month Yet

« Last post by dr.everett on December 07, 2019, 09:55:47 PM »

Savor the feeling of being done, but at the same time, mourn the loss. I always felt like there was a lot of lost potential that LC left on the table when they decided to make whatever changes were made. I've since moved on to Fundrise, and have never looked back. That was 2+ years ago.

The decision to leave was the right one for me and I regained so much time by doing so. They even recover their own losses. They had one go bad about a month ago and just announced that they were able to fully recover it on their own so the investors were made completely whole. When did we ever see that with LC?

3

Investors - LC / Re: Review of my lending club account

« Last post by JDII on December 07, 2019, 01:26:21 PM »

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

Update as of 12.07.19

My Notes at-a-Glance      634

Not Yet Issued                    3
Issued & Current                 478
In Grace Period                   4
Fully Paid                           117
Late 16-30                         10
Late 31-120 Days                22

Charged Off                         22


Adjusted Net Annualized Return      6.04%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  13.4 months

My notes by grade are:

A  13.50%
B  65.60%
C  14.70%
D  4.90%
E   1.40%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 68.1/82.

Thanks again for all who helped out in the past.

4

Investors - LC / Re: Worst Month Yet

« Last post by Rob L on December 07, 2019, 09:41:30 AM »

Finally all done!

5

Investors - LC / Re: First loan to make a payment, pays in full

« Last post by nekein on December 04, 2019, 07:44:07 AM »

Its really pretty awesome. Thanks.

6

Investors - LC / Re: Accelerated Liquidity for Lending Club: How Liquid P2P Works

« Last post by Filmore on December 03, 2019, 10:09:36 AM »

Agree, it is such an illiquid market.  I've monitored the traded note for a day, only a few hundreds traded a day.  Most of the note are way overpriced and there is no option to bid instead of just take the ask price.

I have an automated bot on the secondary market and it sees about 150k ~ 200k "decision points" per day. Decision points are either new notes, or an existing note with a better price. Most get rejected for being too far from maturity for my tastes. The bot doesn't even get to the "is it worth it" evaluation.

7

Investing - General (not P2P) / Re: Steel Parners Holdings

« Last post by rawraw on December 02, 2019, 04:53:32 PM »

Based on your description, sounds like a hard one to invest in.  Sounds like a Japanese company

8

Investing - General (not P2P) / Steel Parners Holdings

« Last post by Fred93 on December 02, 2019, 03:38:00 PM »

SPLP

An unusual company.  A small conglomerate of various industrial materials mfg companies and Web Bank.

Web Bank is the bank that issues loans for the various small lending companies like Prosper and LendingClub.  You need the bank in the middle for some obscure old regulatory reason.  I always figured that was a good business, 'cause they're about the only folks doin' this.

Someone else here followed SPLP  I seem to recall.

One funny thing about the business is that about half the stock is owned by insiders, and they don't seem to run the thing to make a profit.  Earnings are a "sometimes" thing, bouncing around in a seemingly random fashion.  I believe that this is just a nontraditional motivation at the top.  They aren't driven by the usual wall street approach of drive earnings to make shareholders happy.

Meanwhile, they continue to ramp sales, and buy back shares every year.

So this looks like a possible good thing, but the darn stock price keeps goin' down.  I wonder if there's stuff I don't understand.

I've tried reading the 10k, but it is complex, due to the mix of businesses, and constant background of acquisition things going on, and while I'm pretty good at reading a straightforward 10K, I'm no accountant, so I don't believe I really understand all I see there.

Anyone have thoughts on SPLP?

9

General Discussion / Re: Fundrise Income eREIT

« Last post by Reginald on November 30, 2019, 11:11:10 AM »

Here are the numbers from my FundRise account -
You can find them at: https://fundrise.com/account/performance


Because this is cut and paste you have to read it like this:

Columns:
-------------
Name
Q1
Q2
Q3
Partial
Q4
YTD


Data by REIT
-----------------
Reporting NAV
1.7%
1.7%
1.2%
1.0%
5.8%
Income eREIT
Operating
2.4%
1.9%
1.7%
1.4%
7.6%
Growth eREIT
Operating
2.5%
2.1%
1.1%
2.3%
8.3%
East Coast eREIT
Stabilizing
3.2%
2.1%
1.6%
1.4%
8.5%
Heartland eREIT
Stabilizing
1.3%
2.0%
1.5%
0.9%
5.8%
West Coast eREIT
Stabilizing
1.8%
1.7%
1.8%
0.8%
6.3%
Los Angeles eFund
Ramping up
0.0%
0.9%
0.0%
0.0%
0.9%
National eFund
Ramping up
0.0%
1.2%
0.0%
0.0%
1.2%
Income eREIT II
Ramping up
1.7%
2.6%
1.7%
1.2%
7.3%
Growth eREIT II
Ramping up
0.0%
2.5%
0.2%
0.5%
3.4%
Weighted average
1.7%
1.7%
1.2%
1.0%
5.8%

10

General Discussion / Re: Anyone looked into Cadre?

« Last post by Reginald on November 30, 2019, 10:32:44 AM »

I too am evaluating opening an account and investing with Cadre. Here are some examples of what they are offering:


https://cadre.com/insights/opportunity-zones-101-guide/



Cadre is a New York-based financial technology company that provides individuals and institutions direct access to large commercial real-estate properties. Wikipedia
Founded: 2014, New York, NY
CEO: Ryan Williams
Headquarters location: New York, NY
Founders: Ryan Williams, Jared Kushner, Joshua Kushner
Managing directors: Dan Rosenbloom (Investments), Dimitrios Pilitsis (Investments), Josephine Scesney (Finance, Operations)
Type of business: Limited liability company




Important Disclosures
Performance Not Guaranteed: Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are not guaranteed and may not reflect actual future performance.

Risk of Loss: All securities involve a high degree of risk and may result in partial or total loss of your investment.

Liquidity Not Guaranteed: Investments offered by Cadre are illiquid and there is never any guarantee that you will be able to exit your investments on the Secondary Market or at what price an exit (if any) will be achieved.

Not a Public Exchange: The Cadre Secondary Market is NOT a stock exchange or public securities exchange, there is no guarantee of liquidity and no guarantee that the Cadre Secondary Market will continue to operate or remain available to investors.


Managed Portfolio

Automatic diversification into 5 assets
Target Return Range
10-15%
IRR
5-7%
Yield
JOIN WAITLIST

Premier Place

Office
Dallas, TX
Target Returns
12.4%
IRR
7.1%
Cash Yield
JOIN WAITLIST

Central Park

Multifamily
Orlando, FL
Target Returns
10.3%
IRR
5.7%
Cash Yield
JOIN WAITLIST

Magnolia Ridge

Multifamily
Denver, CO Metro
Target Returns
10.0%
IRR
6.1%
Cash Yield





Let me know if you have positive or negative feedback!

Thanks