Author Topic: Welcome to the Lend Academy Forum  (Read 15273 times)

Peter

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Re: Welcome to the Lend Academy Forum
« Reply #15 on: March 07, 2013, 07:35:05 PM »
Welcome Greg, I am glad you decided to join us. We have quite a good group here and they are always happy to answer questions. Feel free to join the conversation or post a question.
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See my returns here: http://www.lendacademy.com/returns

New Jersey Guy

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Re: Welcome to the Lend Academy Forum
« Reply #16 on: March 07, 2013, 07:59:06 PM »
"They can buy notes on main platform and then list notes on secondary market for you to pickup. Just an idea to get around state restrictions, of course at little extra cost and hassle."

Jim, this is a good point.  I'm in a Folio only state (NJ).
I've been using Interest Radar to filter out fresh, newly-issued loans.  Rev's filter strategies will usually produce some high-quality, virgin loans.  Those "Little extra costs" will usually run you $.20 to $.55 above par on a $25 note (if you can pick-up them up at the 1% or less markup.)

I'm not as savvy as most of the folks on this site so I rely on Rev's insights as a strong foundation.  So far, I've had no disappointments.
Return over deposits:   66.82%
IRR:   86.54%
As of April 30, 2014

ee1x

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Re: Welcome to the Lend Academy Forum
« Reply #17 on: March 27, 2013, 01:31:44 PM »
Hi all, I'm ee1x. I'm 24 years old and I've been involved with p2p since early 2012 after a frustration with low returns sent me scrambling to find something new to experiment with.  I've played the role of both borrower and investor on both major p2p sites and I've developed an automated quantitative strategy that is currently returning ~16%. My main goal at this time is to launch and operate a fund based on my strategy as it has long been one of my dreams to become a fund manager.

I've been trading equities since 2007, and had a one-year stint at a hedge fund on their forex/futures execution desk. I've also been trading equity options for just over a year. Currently, my full-time job is in trading technology consulting.

To Peter - Thanks so much for being the true voice of p2p on the Internet and setting all of this up. I've been reading your site constantly since I started and I definitely owe you a great deal of gratitude for making the voyage into this new asset class an easy one.

I am looking forward to participating in discussions on these boards and getting to know you all. I plan on attending the Lendit Conference in June and I hope to be able to meet some of you in person. Thanks for having me!
Investing since March 2012

Rob L

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Re: Welcome to the Lend Academy Forum
« Reply #18 on: May 05, 2013, 03:59:40 AM »
Hi to all; glad to be aboard. The first I heard of P2P was about a week ago, so I'm the newbie's newbie. "Got a lot of catchin (sic) up to do." I'm a small business owner and electrical engineer nearing retirement. I learned here that P2P works best within an IRA so that works very well for me. It's said to be another asset class so that will help me diversify. I'm in the process of rolling some funds into a new LC IRA account. I love to learn new stuff and P2P lending is a new challenge. Lots of smart folks on this forum to learn from. Thanks to Peter and all the other contributors. I've read the "Best of" blog posts and the e-book, and maybe I just missed it, but is there a FAQ forum thread? I'd hate to ask the same question(s) covered many times before, but the forum has a lot of posts. I'll use the search feature to try to avoid it, but reading the FAQ's would be interesting.

edward

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Re: Welcome to the Lend Academy Forum
« Reply #19 on: May 05, 2013, 11:39:29 AM »
I agree with you. It would be great to have a collection of the wisdom of the many great posts on this forum to help guide new P2P investors with a better understanding of the factors involved in this class of assets as well as specific investment strategies.

Zach

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Re: Re: Welcome to the Lend Academy Forum
« Reply #20 on: May 05, 2013, 12:38:43 PM »
I agree with you. It would be great to have a collection of the wisdom of the many great posts on this forum to help guide new P2P investors with a better understanding of the factors involved in this class of assets as well as specific investment strategies.

+1

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newbie2

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Re: Welcome to the Lend Academy Forum
« Reply #21 on: May 10, 2013, 12:03:13 PM »
Recent professional school grad without much of a retirement and high SL debt, began looking for ways to make $.  I've made many personal finance changes to how and where I spend my money, as well as reducing debt and saving.  I realized quickly this is not going to allow me to accumulate wealth.

My dad turned me on to P2P around Christmas and I started investing after the beginning of the year. I live in TN and apparently there are laws that won't allow me to buy notes directly, so I have to use the trading platform on LC.  (I wasn't able to invest with Prosper at all.) I haven't really had a strategy. I've been playing around trying to figure it out. I haven't really learned any more than I knew starting out, so this week I began looking for resources.

Coincidentally, this morning on NPR there was a reference to this blog and an announcement about Google buying into LC.  What does this purchase mean for LC? I've read that they are looking to go public. Is this a move in that direction?  Looking forward to getting educated and making some money!

New Jersey Guy

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Re: Welcome to the Lend Academy Forum
« Reply #22 on: May 10, 2013, 12:22:17 PM »
Welcome Newbie2!

"Google buying into LC.  What does this purchase mean for LC?"

We opened a thread up on that subject several days ago:
http://www.lendacademy.com/forum/index.php?topic=1052.0

"I haven't really had a strategy. I've been playing around trying to figure it out. I haven't really learned any more than I knew starting out, so this week I began looking for resources"

Don't waste anymore time!  You need to check out the"P2P Statistics/Analysis Sites " section located on the main page of the Forum.  All of the sites are great but like you, I'm in a Foliofn state (New Jersey) too.  Personally, I'm signed up with Interest Radar.  IR offers up a huge plate of options for us Folio Folks to make our shopping easier and more profitable. 

One good thing about any of these sites.  The developers are contributors to this board and always available to help.
Return over deposits:   66.82%
IRR:   86.54%
As of April 30, 2014

newbie2

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Re: Welcome to the Lend Academy Forum
« Reply #23 on: May 10, 2013, 12:44:17 PM »
@New Jersey Guy

Thank you!  My browser is overloaded with hyperlinks of all the things I've found to read!

rawraw

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Re: Welcome to the Lend Academy Forum
« Reply #24 on: May 11, 2013, 10:14:32 AM »
Quote
Recent professional school grad without much of a retirement and high SL debt, began looking for ways to make $.  I've made many personal finance changes to how and where I spend my money, as well as reducing debt and saving.  I realized quickly this is not going to allow me to accumulate wealth.
Just remember that if the after tax returns (reduce downward) don't exceed the after tax cost (Taking into account applicable deductions to income tax) of SL debt, you may want to 'invest' in paying off the high cost of funds first.

qval

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Re: Welcome to the Lend Academy Forum
« Reply #25 on: May 16, 2013, 04:57:13 PM »
Hi all,

I'm Val, and have been investing with lending club since 2011. I'm trying to get more sophisticated and have been adding to my investments regularly for ~5 weeks now. I'm interested in strategies and the prospects of P2P lending going forward both short and very long term (thinking about a roth IRA account)

I've got quite a bit of learning to do, so any recomendations are welcome

Peter

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Re: Welcome to the Lend Academy Forum
« Reply #26 on: May 17, 2013, 03:56:30 PM »
Welcome qval. Good to have you here. I think opening an IRA account is a an excellent idea - taxes really eat into returns and if you can avoid that you should. I think I can speak for most people here who believe that the prospects for p2p lending are very strong both short and long term.
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See my returns here: http://www.lendacademy.com/returns

LendingClubStatistics

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Re: Welcome to the Lend Academy Forum
« Reply #27 on: June 19, 2013, 02:07:54 PM »
Hi all!  We are relatively new to the p2p Lending industry, but have been reading and learning a lot in the last few months (thanks in part to this blog).   Brian and I have an immense amount of experience in data visualization and plan to incorporate LendingClub data to create some fantastic statistics on our new site. We hope to contribute to the forum here as well as provide some benefit to readers at our own blog www.LendingClubStatistics.com

Zach

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Re: Welcome to the Lend Academy Forum
« Reply #28 on: June 19, 2013, 04:09:42 PM »
Hi Ryan-

Welcome to the forum! The p2p space is growing exponentially (as you probably already know), and so are the number of 3rd-party statistics/portfolio management services. It is always exciting to see new services (such as your own) coming to fruition.

If you have questions or want to gather input from our members, feel free to post new questions, or browse through the plethora of existing posts.

I'm excited for your new service as well as seeing some posts from you here!