I know many members of the forum have had extreme difficulty in getting the loans/notes that you want. Throughout this whole constricted supply period, I've been able to aggressively get my capital to work using Interest Radar's auto-invest.
I'm curious to know why any investors who don't use an automated solution don't do so?
Yes, not using an automated system does sound rather ludicrous, doesn't it? But only if you believe that everyone is actually having "extreme difficulty". So I can answer your question this way. This investor, who has been investing daily in p2p for almost 4 years now, owns thousands of notes & has had real returns of over 15% for the last 3 yrs...........doesn't use an automated solution because he finds it unnecessary since he is not currently, nor has he ever really experienced "extreme difficulty" in getting loans. Of course it's probable that this investor may not use terms like "extreme difficulty" as liberally as others may. Why is this investor seemingly less concerned? Because his focus is on the bottom line. Isn't that really what matters?
No one is going to argue that it's not harder than it was a few months ago & no one is going to argue that having a larger or even a much larger supply to choose from is not preferable to the situation today,..............but as some of us know, this is hardly the only thing that matters in generating satisfying return numbers. Even picking "good" notes isn't the only thing that matters............Besides, though many services (& people) claim they can identify the "best" notes, I remain unconvinced that most within that group really can...............but I digress.
So yes, I understand. Who doesn't want to copy someones best filter, their best strategies, get the best notes etc etc. My suggestion (which might get me excommunicated from here
) for those who wish to have a bit
less difficulty during this TEMPORARY imbalance.............is consider using this time to develop your own strategy, stop paying for picks, stop sharing your strategies, filters, & stop copying what others do, for they rarely know as much as they'd want you to believe they do. Feel free to ignore their "expert" advice. Feel free to ignore mine, in fact I'd prefer it that way, since I'm not getting paid for it here
***
But if you choose to do all this, you may find that you don't
"have to" use an automated anything right now. And regardless of whether you do or not, I suspect that "extreme difficulty" won't be part of your current vocabulary, just as it isn't part of mine.
***Just remember that last year when there was this big deal over the note shortage at Prosper due to everyone copying the experts & piling into "repeat borrowers" because those were the "best notes" (sound familiar?) .............only a very few of us advised against jumping on that bandwagon & suggested that the returns would drop substantially, making the aggravation not worth the hassle.
