Recent Posts

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11
General P2P Lending Discussion / Re: WSJ: flying blind into a credit storm
« Last post by rawraw on July 04, 2020, 09:16:47 PM »
Got to get those risk weighted assets ready for credit losses 😊
12
Investors - LC / Re: LC Picks New Year Sale
« Last post by JDII on July 04, 2020, 04:04:31 PM »
I have updated the thread regarding my returns:

https://forum.lendacademy.com/index.php/topic,5166.0.html

I use LC Picks exclusively as my tool to decide on which loans to invest in.
13
Investors - LC / Re: Review of my lending club account
« Last post by JDII on July 04, 2020, 04:04:08 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 07.04.20

My annualized return on loans that have paid off is 9.47%.

My Notes at-a-Glance         830

Not Yet Issued                    6
Issued & Current                583
In Grace Period                   4
Fully Paid                           191
Late 16-30                         0
Late 31-120 Days               3
Default                               0
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      7.95%
Net Annualized Return                   11.80%
Weighted Average Age of Portfolio  16.5 months

My notes by grade are:

A  22.70%
B  58.90%
C  13.30%
D  4.0%
E   1.10%


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 67.1/82.

Thanks again for all who helped out in the past.
14
Introductions / Re: Data Science Student
« Last post by Roux on July 04, 2020, 12:43:39 PM »
Welcome to the forum. I developed Liquid P2P, an AI tool for LendingClub. We have our own category thread on the Lend Academy forum. You’re welcome to pm me directly if I can be of any help with your academic studies.
15
Introductions / Data Science Student
« Last post by DS_Student on July 03, 2020, 04:39:21 PM »
Hi Everyone,

Wanted to introduce myself. I'm from Toronto, Canada. Currently working on my MRP based on the Lending Club data set. It's a popular one for many researchers...

Lend Academy has so far been a pretty useful resource for clarifying things about the data set.

Joining so I can ask a few questions here and there, and maybe contribute something as well in the future.

16
Off Topic / Re: SEO
« Last post by MurderPony on July 03, 2020, 03:14:59 AM »
Listen to what Henry says. He's right, off page SEO is hard. I tried to make linkbuilding on my own and I failed. Because - well - it's hard to search for proper forums and stuff like that. One of my business partners told me about these crowdo.net guys. They are making backlinks and crowd marketing for a decent price. I could have buy backlinks from Chinese or something, but this business partner of mine convinced me that I should pay more and I will get the best result. He was right.
17
Introductions / Greetings from Dallas, TX
« Last post by MurderPony on July 03, 2020, 03:13:07 AM »
Hello there. The name is Adam. I've joined this forum to learn something new about real estate and other stuff like that.
18
General P2P Lending Discussion / Re: WSJ: flying blind into a credit storm
« Last post by nonattender on July 02, 2020, 11:03:00 PM »
Ditto.

Only happened on one retail card, but I had two from that issuer.  $15k limit chopped down to $1024 - which is odd, in itself - back in April or so... (My last PIF on it was >$4k, FICO always north of 800).

Someone at Synchrony doesn't know shit about credit algorithms and went nutso slash and burn on a good customer + SYF shareholder.

(Maybe all of that Amazon card exposure, when Amazon was the only retail store open in the whole country, made them really nervous.)

Chase is the other issuer for Amazon, so that might explain yours, too, Rob.
19
Off Topic / Re: Cash Parking
« Last post by Rob L on July 02, 2020, 01:32:09 PM »
Cheap money is good and all, but there are drawbacks as well (including what we are seeing with savings rates) that I feel like no one really wants to acknowledge.

I anticipate the ride back up to normal rates + less overspending could be very painful.

There is recent evidence to support what you say. From Dec 2008 until Nov 2015 the FED implemented ZIRP (Zero Interest Rate Policy) targeting the Fed Funds Rate (FFR) at 0 to 0.25%. From Nov 2015 until Oct 2018 the FED slowly raised its FFR target to 2.25% and was letting its balance sheet contract. The FED raised the FFR one more time on Wed 12/19/2018 up to 2.50%. This was too much to bear for the US economy (at least as indicated by the stock market which dropped 25% from Oct 2018 until Christmas Eve 2018). The stock market tantrum caused the FED to stop increasing rates and stop contracting its balance sheet. 

In Jan 2019 FED chief Powell earnestly apologized for the error of his ways and by May 2019 the stock market had recovered all its losses hitting an all time high. The FFR remained at 2.5% through July 2019 then from Aug through the end of Oct 2019 it was lowered in three monthly 25 bps steps to 1.75%. This caused a terrific stock market rally of 18% to an all time high in Feb 2020. We all know what has happened since. Today the stock market is 9% above the level it was at in Oct 2019 (9 months ago) and ZIRP is once again the order of the day.

The point is that in Jan 2019 the US economy was unable to accommodate what is an anemic FFR of 2.5% after 7 years of ZIRP and three years of very slow increases. How long will we be stuck here in ZIRP again? You mentioned ride back up; will the horse ever leave the stable?

20
Off Topic / Re: Cash Parking
« Last post by .Ryan. on July 01, 2020, 10:37:26 PM »
Cheap money is good and all, but there are drawbacks as well (including what we are seeing with savings rates) that I feel like no one really wants to acknowledge.

I anticipate the ride back up to normal rates + less overspending could be very painful.
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