Author Topic: New Lender Question  (Read 2994 times)

Dplymkr88

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New Lender Question
« on: June 07, 2014, 09:52:54 PM »
I'm seeing post about Lending Robot and other automated systems.  Has anyone used these extensively?  What's your experience with it?  I'm very curious to hear if you consider it worth the .45% fee. 

I'm still feeling my way around the filters to use and what fits me best but if anyone has any sage words of wisdom, I'm all ears.

Fred93

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Re: New Lender Question
« Reply #1 on: June 07, 2014, 11:36:43 PM »
I've used LendingRobot some.  It worked very well.  I do not consider it worth the fee however.

I'm presently using PeerLendingServer, which is free.

lascott

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Re: New Lender Question
« Reply #2 on: June 07, 2014, 11:39:11 PM »
I'm seeing post about Lending Robot [LR] and other automated systems.  Has anyone used these extensively?  What's your experience with it?  I'm very curious to hear if you consider it worth the .45% fee. 

I'm still feeling my way around the filters to use and what fits me best but if anyone has any sage words of wisdom, I'm all ears.
One of our accounts has been using it a short while (other account using BlueVestment & P2P-Picks).  Works well. One thing to note is your LR rule name ends up being the Lending Club (LC) portfolio name with " - Lending Robot" concatenated to the end.  Special characters in your rule name end up being an '_' (i.e. '%' is translated to a '_')

Setting up the rules results in an estimate on the yield +/- and an estimate on the number of notes per week.  This is based on the past two weeks worth of data. This is pretty cool / useful.

See their blog: http://blog.lendingrobot.com/
See this interview: http://peersociallending.com/interviews/lendingrobot-third-party-automated-investing-tool/
The have some unique filters. See interview and blog.

<snip> this is the 3rd of #xx rules we have <snip>

<snip> other filter criteria added to this rule <snip>
« Last Edit: June 08, 2014, 12:22:51 AM by lascott »
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

lascott

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Re: New Lender Question
« Reply #3 on: June 08, 2014, 09:24:35 AM »
I'm very curious to hear if you consider it worth the .45% fee.
Keep in mind it is only on the outstanding principle (plus investable cash above your threshold).  So if a note is 1/2 paid off you are not paying .45% on $25.  If the note is paid early then they stop charging you. Etc.

Good podcast: http://www.lendacademy.com/lap15-emmanuel-marot-with-lendingrobot/

Emmanuel Marot is the co-founder and president at LendingRobot. His company has created an investing tool of the same name that helps individual investors automate their investing on the Lending Club and Prosper platforms. LendingRobot uses the API of both platforms to execute loan orders as soon as new loans are added to the respective platforms.

In this episode of the Lend Academy Podcast Emmanuel Marot discusses automated investing, how LendingRobot works and much more. In this podcast you will learn:

  • How Emmanuel Marot discovered p2p lending.
  • The origins of his new company, LendingRobot.
  • An explanation of exactly what LendingRobot does.
  • The advantage of using LendingRobot over the platforms automated investing tools.
  • Why LendingRobot became an SEC Registered Investment Advisor.
  • Emmanuelís relationship with the management of Lending Club and Prosper.
  • How the fee structure works at LendingRobot.
  • How LendingRobot differs from the other investor tools available today.
  • Why Emmanuel is focused on individual investors.
  • What the long term looks like for p2p lending and how LendingRobot will fit in to that future.
  • What Emmanuelís experience was like at the LendIt Conference.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

KipBoyle

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Re: New Lender Question
« Reply #4 on: June 09, 2014, 12:05:11 AM »
Hi. I'm also using using BlueVestment & P2P-Picks with the "Lending Club: Profit Maximizer" filter.

I haven't tried any others. So far I'm happy with this combination.