Author Topic: BlueVestment and Interest Radar to Merge  (Read 13702 times)

jpildis

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BlueVestment and Interest Radar to Merge
« on: June 08, 2015, 09:25:11 AM »
Here's Nathan's letter:

Dear Valued BlueVestment Customer,

We’re very pleased to announce that BlueVestment and Interest Radar (IR) have agreed to merge, effective June 13th, 2015.  Our name will remain BlueVestment and IR’s founder, Ricardo Basto, will join the BlueVestment team as our Chief Credit Officer. We have selected the BlueVestment as our future platform and we intend on sunsetting IR as key functionality is added to BlueVestment.

As you may know, Interest Radar is one of the leading Lending Club automation tools and Ricardo has built a very rich set of tools for Lending Club investors including:

- Proprietary credit models
- Returns modeling
- Fast auto-investment
- Auto-selling on Folio
- Portfolio tracking and metrics

While we bring the two platforms together, our primary focus is you.  We’re committed to making BlueVestment the best tool for Lending Club investors and in the coming months you’ll see several big enhancements.

BlueVestment is getting a facelift.  We’re very close to launching an all new design with more portfolio metrics, easier navigation & email alerts. Along with this, we are super excited to bring to everyone:

- Implementing the Interest Radar credit models
- Adding Folio auto-selling and auto-buying
- Adding an Advisor dashboard for our RIA customers

We’ll be keeping you informed of the merger’s progress but if you have any questions or concerns, please don’t hesitate to contact Nathan or Jon.

Thank you for your business and continued support.

Very sincerely,

Nathan Marcos                          Jon Pildis
Founder                                     Director
nathan@bluevestment.com        jon@bluevestment.com

rawraw

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Re: BlueVestment and Interest Radar to Merge
« Reply #1 on: June 08, 2015, 04:11:48 PM »
Posting the same thing in multiple places is never a good idea

Rob L

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Re: BlueVestment and Interest Radar to Merge
« Reply #2 on: June 08, 2015, 04:19:48 PM »
Posting the same thing in multiple places is never a good idea

Hey; don't want the moment to pass without noting this was your 2000th post.
There must be something of value in all that stuff somewhere?  ;)
Anyway, I've always valued the opinions you've shared here.
Thanks!

jpildis

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Re: BlueVestment and Interest Radar to Merge
« Reply #3 on: June 09, 2015, 09:27:37 AM »
Posting the same thing in multiple places is never a good idea

RR - the posting on the IR board was Ricardo's letter... same topic, different perspectives.

rawraw

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Re: BlueVestment and Interest Radar to Merge
« Reply #4 on: June 09, 2015, 11:38:19 AM »
My bad, didn't read the other because it had the same title.

Lovinglifestyle

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Re: BlueVestment and Interest Radar to Merge
« Reply #5 on: June 09, 2015, 02:54:23 PM »
I noticed the difference because I compared them to the email I received.  I have too much time, or it's my nitpicking nature.  :-X

lascott

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Re: BlueVestment and Interest Radar to Merge
« Reply #6 on: July 01, 2015, 04:12:48 PM »
P2P-Picks only did 36 month notes.  As I recall there were not enough 60 month notes that were paid off to do statistical analysis (in Bryce's opinion).

Can the BlueVestment team speak to what BluePicks (BPModerate/BPAggressive) supports?  And if the two terms (36m/60m) were independently tested?

I realized you can pick BPM or BPA along with a 60 month 'term' in the interface but it was not clear on anything I've seen/read if BluePicks picks 60 month notes. TIA

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

jonpildis

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Re: BlueVestment and Interest Radar to Merge
« Reply #7 on: July 01, 2015, 09:00:20 PM »
P2P-Picks only did 36 month notes.  As I recall there were not enough 60 month notes that were paid off to do statistical analysis (in Bryce's opinion).

Can the BlueVestment team speak to what BluePicks (BPModerate/BPAggressive) supports?  And if the two terms (36m/60m) were independently tested?

I realized you can pick BPM or BPA along with a 60 month 'term' in the interface but it was not clear on anything I've seen/read if BluePicks picks 60 month notes. TIA

BluePicks evaluates both 36 and 60 month loans and considers term, along with all the other loan attributes, to determine the final BluePicks rating.  We build our models based on all historical loans, not just those that have gone to full term. 
_____________
Jon Pildis
BlueVestment LLC

ppan

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Re: BlueVestment and Interest Radar to Merge
« Reply #8 on: January 02, 2016, 04:05:07 PM »
1. BlueVestment used to offer p2p-picks. Now there is something called BluePicks.
a. Is that based on p2p-picks or on IR-scores or are the two models now somehow combined? It seems to be based on p2p-picks based on the info on the website ""The BPM model includes the A, B & C graded notes that have the lowest probability of charge-offs. This will compare very closely to P2P-Picks Loss Minimizer ")
However, if it is based on IR-scores, according to the poster below, then:
b. Can you tell me how it relates to the IR01 & IR04 scores (I am trying figure out how to convert my current strategy)?
c. Why is p2p-picks not offered anymore?


2. If I understand correctly, only the BlueVestment website will be active after the merge?
a. If so, will it contain the features of IR?
b. For example, will I be able to back-test (e.g. using BluePicks and additional filters)?
c. Is there an update on the date for the merge? 

3. How will the pricing work for current IR members?
a. Will we get a (prorated) credit for current subscription fees?
b. Will the IR subscription be auto renewed if due before the merge?
« Last Edit: January 03, 2016, 03:49:09 PM by ppan »

lascott

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Re: BlueVestment and Interest Radar to Merge
« Reply #9 on: January 02, 2016, 04:08:40 PM »
BlueVestment used to offer p2p-picks. Now there is something called BluePicks.
Is that based on p2p-picks or on IR-scores or are the two models now somehow combined?

See underlined below for your one question.

Great to see some ground truth Jon and very impressive results! Thanks for the post.
I've been a very happy IR subscriber the past couple of years that I've been P2P investing.
When you say largely driven by IR picks, and we know how quickly many loans are scooped up at LC release times, did you use IR's auto-invest feature to purchase the bulk of your notes?
First, thanks for your business!  I appreciate your kind words on my portfolio performance.  My XIRR tracking spreadsheet is showing my return is closer to 15%... I've never been able to track back to the LC calculations.

Yes, I used IR's auto-invest feature.  I also used BV's auto-invest with my own filtering.  As a customer of both services, I always wished I could combine IR's credit models with BV's execution engine (which is wicked fast).  Now that I've joined BV and we've merged with IR, my wish has almost come true.  Starting July 1st, the IR01-driven BluePicks recommendations will be available on BV.
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

ppan

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Re: BlueVestment and Interest Radar to Merge
« Reply #10 on: January 03, 2016, 03:20:40 PM »
BlueVestment used to offer p2p-picks. Now there is something called BluePicks.
Is that based on p2p-picks or on IR-scores or are the two models now somehow combined?

See underlined below for your one question.

Great to see some ground truth Jon and very impressive results! Thanks for the post.
I've been a very happy IR subscriber the past couple of years that I've been P2P investing.
When you say largely driven by IR picks, and we know how quickly many loans are scooped up at LC release times, did you use IR's auto-invest feature to purchase the bulk of your notes?
First, thanks for your business!  I appreciate your kind words on my portfolio performance.  My XIRR tracking spreadsheet is showing my return is closer to 15%... I've never been able to track back to the LC calculations.

Yes, I used IR's auto-invest feature.  I also used BV's auto-invest with my own filtering.  As a customer of both services, I always wished I could combine IR's credit models with BV's execution engine (which is wicked fast).  Now that I've joined BV and we've merged with IR, my wish has almost come true.  Starting July 1st, the IR01-driven BluePicks recommendations will be available on BV.
That seems to be in somewhat contrast to what it currently states on their website:
"The BPM model includes the A, B & C graded notes that have the lowest probability of charge-offs. This will compare very closely to P2P-Picks Loss Minimizer "

lascott

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Re: BlueVestment and Interest Radar to Merge
« Reply #11 on: January 03, 2016, 03:32:50 PM »
BlueVestment used to offer p2p-picks. Now there is something called BluePicks.
Is that based on p2p-picks or on IR-scores or are the two models now somehow combined?

See underlined below for your one question.

Great to see some ground truth Jon and very impressive results! Thanks for the post.
I've been a very happy IR subscriber the past couple of years that I've been P2P investing.
When you say largely driven by IR picks, and we know how quickly many loans are scooped up at LC release times, did you use IR's auto-invest feature to purchase the bulk of your notes?
First, thanks for your business!  I appreciate your kind words on my portfolio performance.  My XIRR tracking spreadsheet is showing my return is closer to 15%... I've never been able to track back to the LC calculations.

Yes, I used IR's auto-invest feature.  I also used BV's auto-invest with my own filtering.  As a customer of both services, I always wished I could combine IR's credit models with BV's execution engine (which is wicked fast).  Now that I've joined BV and we've merged with IR, my wish has almost come true.  Starting July 1st, the IR01-driven BluePicks recommendations will be available on BV.

That seems to be in somewhat contrast to what it currently states on their website:

"The BPM model includes the A, B & C graded notes that have the lowest probability of charge-offs. This will compare very closely to P2P-Picks Loss Minimizer "

I was answering the question about it being P2P-Picks or IR. Above I underlined jonpildis's comment about it being IR01-driven.

I don't understand what you mean by "contrast" in this case.

Here is an article about the change.

http://www.lendacademy.com/bluevestment-releases-bluepicks-and-a-new-user-interface/
<snip>

<snip>
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

ppan

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Re: BlueVestment and Interest Radar to Merge
« Reply #12 on: January 03, 2016, 03:51:34 PM »
OK, maybe they have not updated the info on their website then. It still says:
"The BPM model includes the A, B & C graded notes that have the lowest probability of charge-offs. This will compare very closely to P2P-Picks Loss Minimizer "

lascott

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Re: BlueVestment and Interest Radar to Merge
« Reply #13 on: January 03, 2016, 03:56:27 PM »
OK, maybe they have not updated the info on their website then. It still says:
"The BPM model includes the A, B & C graded notes that have the lowest probability of charge-offs. This will compare very closely to P2P-Picks Loss Minimizer "

Can you explain what you mean beside quote that because I don't understand? A, B, & C have less loss than D, E, F, & G. I'm confused.

From bullet point image I put above.

BPM (BluePicks Moderate) is similar to P2P-Picks Loss Minimizer ... A, B, C.  The C is explain in the text in the image as well.
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

ppan

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Re: BlueVestment and Interest Radar to Merge
« Reply #14 on: January 03, 2016, 04:01:47 PM »
I am simply pointing out that they refer to P2P-picks when they describe their BluePicks model. Thus, it seems that it is somehow based on the P2P-picks model.