Author Topic: Automated investing - Bluevestment vs LR vs .....  (Read 13134 times)

michael49

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Automated investing - Bluevestment vs LR vs .....
« on: January 16, 2016, 09:23:53 AM »
UPDATE: OLD THREAD:  I've had my LC account for about a year now and have been investing via Bluevestment using my own filters.  So far I've been pleased with BV.  I've now opened up a second LC account for an IRA account and I'm trying to decide whether to stick with BV for this account or perhaps go with Lending Robot. Overall, BV's fees appear less than LR for larger investments.  Anyone used both?  Any thoughts or suggestions?
« Last Edit: December 11, 2016, 09:16:11 AM by michael49 »

rawraw

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #1 on: January 17, 2016, 08:55:09 AM »
LR is more built to do the picking for you IMO

LR has Folio, BV does not

Those are the differences.

michael49

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #2 on: January 17, 2016, 09:01:19 AM »
LR is more built to do the picking for you IMO

LR has Folio, BV does not

Those are the differences.

Thanks.  LR has the same types of filtering abilities as BV, doesn't it?

Doesn't LR also have some sort of automated selling platform using Folio to allow for quicker "liquidation" of LC assets?  Anyone here used this?
« Last Edit: January 17, 2016, 09:03:18 AM by michael49 »

lascott

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #3 on: January 17, 2016, 10:16:57 AM »
LR is more built to do the picking for you IMO
LR has Folio, BV does not
Those are the differences.
BlueVestment is [bird: "actively"] working on folio auto-selling. We knew that from their email announcing the merge with IR.

Email: Exciting news from BlueVestment!
Quote
We’re very pleased to announce that BlueVestment and Interest Radar (IR) have agreed to merge, effective June 13th, 2015.
<snip>
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
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

michael49

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #4 on: January 19, 2016, 06:20:12 PM »
LR is more built to do the picking for you IMO
LR has Folio, BV does not
Those are the differences.
BlueVestment is [bird: "actively"] working on folio auto-selling. We knew that from their email announcing the merge with IR.

Email: Exciting news from BlueVestment!
Quote
We’re very pleased to announce that BlueVestment and Interest Radar (IR) have agreed to merge, effective June 13th, 2015.
<snip>
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

Thanks for the info - good to hear that BV will be allowing Folio auto-selling and auto-buying!

ggnoob1337

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #5 on: January 22, 2016, 03:36:20 PM »
LR is more built to do the picking for you IMO

LR has Folio, BV does not

Those are the differences.

Thanks.  LR has the same types of filtering abilities as BV, doesn't it?

Doesn't LR also have some sort of automated selling platform using Folio to allow for quicker "liquidation" of LC assets?  Anyone here used this?

Yes, you can do your own filters with LR. Personally, I just tell it I want notes with an estimated return of 14% or more.

icanhasloanz

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #6 on: January 23, 2016, 01:15:04 AM »
I gave LR a shot with their aggressive setting and it didn't seem to pick up any loans for me. I think it did buy two loans at some point which LC did not issue (not LR's fault), but after a week or two, I just gave up on it. Kind of disappointing since I had high hopes.

Haven't tried BV

RaymondG

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #7 on: January 23, 2016, 10:09:04 AM »
I gave LR a shot with their aggressive setting and it didn't seem to pick up any loans for me.
How long have you tried it for? There is a monthly cycle on loans availability and quality. There are little notes pass a strict filter during droughts.

jennrod12

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #8 on: January 23, 2016, 12:51:34 PM »
There is a monthly cycle on loans availability and quality. There are little notes pass a strict filter during droughts.

Raymond,

Could you elaborate on that monthly cycle?  I've only been around a short time and I notice there seem to be fluctuations, but haven't figured out the pattern yet.

Thanks!

Jenn

icanhasloanz

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #9 on: January 23, 2016, 01:29:36 PM »
I gave LR a shot with their aggressive setting and it didn't seem to pick up any loans for me.
How long have you tried it for? There is a monthly cycle on loans availability and quality. There are little notes pass a strict filter during droughts.

I don't remember, but I left it on Aggressive setting and was actively checking up on it for maybe two weeks, thought it was broken and just forgot about it, and I finally just shut it down at some point.

Would like to hear what settings (for fully automated) other people use and how many loans they get per month.


RaymondG

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #10 on: January 23, 2016, 07:34:10 PM »
I searched the forum and came up with the following discussions related to loan volumes. In my own experience, it's not uncommon that I might not be able to buy a note for several days in a row.

To evaluate a filter/model, I would first make sure it can pick up enought loans to invest by backtesting. I believe some sites may give you this information given your setting. To estimate roughly, a 10,000 account, avg interest rate 15%, mostly 5-year notes, the expected monthly cash payments received would be roughly about = (10000/5 + 10000*15%) /12 = 3500/12 ~= $300 a month. Add a layer of cushion to ensure the monthly payments being able to be reinvested.

http://www.lendacademy.com/forum/index.php?topic=3422.msg30491#msg30491
* Please see the chart posted by lascott.

http://www.lendacademy.com/forum/index.php?topic=3431.msg30560#msg30560

http://www.lendacademy.com/forum/index.php?topic=3462.30

http://www.lendacademy.com/forum/index.php?topic=3428.0

Pretty old discussion:
http://www.lendacademy.com/forum/index.php?topic=2917.0
« Last Edit: January 23, 2016, 08:03:35 PM by RaymondG »

dompazz

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #11 on: January 23, 2016, 09:35:52 PM »
Quote
I searched the forum ...

Thanks for that!  I was actually coming in tonight to do just this.  I'm still learning the idiosyncrasies of the LC platform and available loan volumes was something I wanted to read up on.

lascott

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #12 on: January 23, 2016, 10:17:08 PM »
When you use the manual Rules in LendingRobot one of the features is to give you and estimate of loans based on the past couple weeks.


<snip>


Lot of cycles with loans. One thing that I think that helped in the past year is LendingClub being open to more states since the IPO. I think it is up to 43 (and DofC).

BlueVestment.com Chart
Image: http://i.imgur.com/GcKAe3G.png


PeerCube Chart
Image: http://i.imgur.com/tbLCp3v.png
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

jennrod12

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #13 on: January 24, 2016, 10:03:23 AM »
I searched the forum and came up with the following discussions related to loan volumes.

Thanks, Raymond!

I'm familiar with the quarterly cycle, it seems like the beginning of the month might be more flush with loans as well. 

Jenn

michael49

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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #14 on: January 24, 2016, 06:44:22 PM »
Decided to stay with Bluevestment for my LC IRA - first time I've used Bluepicks - chose the aggressive filter without any additional filters.  I also opened up a new portfolio in my LC non-IRA account - again using Bluepicks aggessive but this time with a few additional filters - it will be interesting to compare the performance of these over the next couple of years.
« Last Edit: January 24, 2016, 06:46:41 PM by michael49 »