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That idea occurred to me as well, especially considering IR's auto-sell functionality. There's a 1% transaction fee, so you'd have to build that in. Considering demand from people that live in states that can't buy the notes directly, there could be a market. Are there any stats on how liquid folioFN is? I haven't messed with it much either.
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Apr 3, 2014 19:45
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Big lack of new loans that match my criteria over the past week. Anybody else having this problem?
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Apr 29, 2014 00:05
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April posted:The lowest grade in my filter is B, and I haven't had much problem before recently finding notes to match. I accept everything from B to G as far as grade, but my other criteria usually weed out almost everything but B's & the occasional C. I'll see what happens over the next few weeks, and maybe tweak some settings. I actually use almost all of your filters from the strategy you posted earlier (thanks, btw!) with auto-invest on anything that isn't a B. Auto-invest on IR is actually broken at the moment, but I've been logging in at the usual feeding times and there hasn't been a whole lot that matches. These guys post the number of new loans every time they come out, and it's definitely dropped off a ton: https://twitter.com/PeerCube
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May 6, 2014 00:39
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April posted:I would definitely pick notes manually to start. Take your time (don't be me!), make sure you are only putting the minimum on each note, and read as much as you can. Have fun!!!! I haven't had much trouble finding $500 worth of C-F notes with your filters every month. I have IR set to only auto-invest in those, and I've been averaging 13-15% on the ones I've gotten. It definitely feels like there have been more of them over the past six weeks or so, though -- I guess like anything else there's an ebb and flow to this.
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Jul 10, 2014 16:40
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It's probably worth mentioning that April has been re-investing everything, so those returns are with compounding.
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Sep 18, 2014 21:53
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I just got three "Credit for ineligible loan"s. Does anybody know what that means?
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Nov 6, 2014 17:56
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I saw the credit when I went to Account Activity. I check it every day or two just because I'm a little compulsive that way. I ended up with 6 in total, and while I don't have a spreadsheet with individual loans my portfolio overview on IR implies that they were D, E, and F notes.
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Nov 7, 2014 16:49
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Are they avoiding posting new loans until the IPO or what? This is a pretty brutal dry spell...
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Dec 11, 2014 17:36
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I'm personally starting to lose faith in LC. It's been 16 days since I've been able to buy a note that matches my criteria -- I've only been at it for a year or so, but I don't think it's ever been this bad. Money's just piling up in my account not doing anything 
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Dec 18, 2014 17:52
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| # ¿ Apr 29, 2024 00:03 |
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April posted:Are you using IR? I am, and I'm still using your filters! Thanks for the heads up - I updated my stuff so we'll see what I catch. You'd think IR would be better about communicating this stuff...
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Dec 19, 2014 20:01
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