Comments on: A Snapshot of All My P2P Lending Accounts /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/ Your guide to peer to peer lending Mon, 25 Jun 2012 05:21:22 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Peter Renton /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-5115 Peter Renton Sun, 17 Jun 2012 20:30:08 +0000 /&p=3907#comment-5115 @Jack, You must open separate accounts at Prosper and Lending Club. You can rollover an existing IRA or 401k or you can open a new account. But they must be separate from your taxable account. @Jack, You must open separate accounts at Prosper and Lending Club. You can rollover an existing IRA or 401k or you can open a new account. But they must be separate from your taxable account.

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By: jack reidy /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-5114 jack reidy Sun, 17 Jun 2012 16:21:17 +0000 /&p=3907#comment-5114 Peter, Is is feasible to take existing Propser/Lending Club accounts and convert them to traditional/Roth IRA's or do you have to create brand new accounts? Jack Peter,

Is is feasible to take existing Propser/Lending Club accounts and convert them to traditional/Roth IRA’s or do you have to create brand new accounts?

Jack

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By: My Quarterly P2P Lending Results – Q1 2012 /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-4721 My Quarterly P2P Lending Results – Q1 2012 Tue, 10 Apr 2012 09:50:59 +0000 /&p=3907#comment-4721 [...] Peter Renton on April 10, 2012 TweetBack in January I opened the kimono and gave you a complete rundown of my p2p returns from 2011. This was one of my most read posts ever so I have decided to make it a regular quarterly [...] [...] Peter Renton on April 10, 2012 TweetBack in January I opened the kimono and gave you a complete rundown of my p2p returns from 2011. This was one of my most read posts ever so I have decided to make it a regular quarterly [...]

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By: How I am Investing in Lending Club and Prosper in 2012 /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-4051 How I am Investing in Lending Club and Prosper in 2012 Thu, 09 Feb 2012 10:59:33 +0000 /&p=3907#comment-4051 [...] month I provided a snapshot of all my p2p lending accounts and today I will continue along on that journey by revealing exactly how I am investing in Lending [...] [...] month I provided a snapshot of all my p2p lending accounts and today I will continue along on that journey by revealing exactly how I am investing in Lending [...]

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By: How to Invest in Multiple P2P Lending Accounts /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-4010 How to Invest in Multiple P2P Lending Accounts Tue, 07 Feb 2012 05:04:12 +0000 /&p=3907#comment-4010 [...] Peter Renton on February 6, 2012 TweetLast month, I provided you with an inside look at my p2p lending accounts at Lending Club and Prosper. I manage six accounts in total and with each account I have a slightly [...] [...] Peter Renton on February 6, 2012 TweetLast month, I provided you with an inside look at my p2p lending accounts at Lending Club and Prosper. I manage six accounts in total and with each account I have a slightly [...]

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By: Dan B /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-3952 Dan B Thu, 02 Feb 2012 08:32:40 +0000 /&p=3907#comment-3952 Danny..........Also keep in mind that though Peter's numbers only apply to Lending Club. You can't sell "late" loans on Prosper & they don't have a "in grace period" category. Other than that my advice would be to look at the details of the specific loan. There are rare times when a loan will go into grace or even late but can can still be something to hold on to. For example when a late loan is late because of a missed or "partial" payment............but is still making regular payments. Danny……….Also keep in mind that though Peter’s numbers only apply to Lending Club. You can’t sell “late” loans on Prosper & they don’t have a “in grace period” category. Other than that my advice would be to look at the details of the specific loan. There are rare times when a loan will go into grace or even late but can can still be something to hold on to. For example when a late loan is late because of a missed or “partial” payment…………but is still making regular payments.

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By: Peter Renton /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-3950 Peter Renton Thu, 02 Feb 2012 00:51:05 +0000 /&p=3907#comment-3950 @Danny, Once a loan goes more than 30 days late it is very difficult to sell on Folio even for a 50% discount. If you want to sell, you should do it before then. In Grace Period loans can be sold for a discount of 5-10%, but once they hit 16-30 days you will likely need to discount by 25% or more. Of course, you could get lucky but these are the averages I have seen. @Russ, It is going back almost two years for the PRIME account but I know I chose the medium risk percentage that I think was around 12% or so. I know that for the first few months my NAR was around 12%, and right now it is hovering between 8.5% and 9%. I expect it will never get back to 10% but should stabilize at over 9% in coming months. So, for a mid-range account I would expect around a 2-3% variance on the interest rate. This will be a much larger variance for high interest notes and a smaller variance for low interest notes. @Danny, Once a loan goes more than 30 days late it is very difficult to sell on Folio even for a 50% discount. If you want to sell, you should do it before then. In Grace Period loans can be sold for a discount of 5-10%, but once they hit 16-30 days you will likely need to discount by 25% or more. Of course, you could get lucky but these are the averages I have seen.

@Russ, It is going back almost two years for the PRIME account but I know I chose the medium risk percentage that I think was around 12% or so. I know that for the first few months my NAR was around 12%, and right now it is hovering between 8.5% and 9%. I expect it will never get back to 10% but should stabilize at over 9% in coming months. So, for a mid-range account I would expect around a 2-3% variance on the interest rate. This will be a much larger variance for high interest notes and a smaller variance for low interest notes.

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By: Russ /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-3947 Russ Wed, 01 Feb 2012 23:00:55 +0000 /&p=3907#comment-3947 Peter: I'm just wondering what interest rate you targeted in your Prime account. When I opened a prime account atlending club they asked me to target a specific interest-rate giving me several choices such as 10% 12% 14%, like that. I'm wondering how are your ROI corresponds to your selected target. I only opened my account in September so it's too soon for me to tell what kind of return I might get in relation to the target I selected otherwise I would tell you. Peter:

I’m just wondering what interest rate you targeted in your Prime account. When I opened a prime account atlending club they asked me to target a specific interest-rate giving me several choices such as 10% 12% 14%, like that. I’m wondering how are your ROI corresponds to your selected target.

I only opened my account in September so it’s too soon for me to tell what kind of return I might get in relation to the target I selected otherwise I would tell you.

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By: Danny S /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-3942 Danny S Wed, 01 Feb 2012 16:06:17 +0000 /&p=3907#comment-3942 Peter (and/or Dan)- When your loans go to 30 days late, do you typically try to sell them on Folio at a discount, or try to hang on and hope the efforts by LC or Prosper are successful and they come back to current? Peter (and/or Dan)- When your loans go to 30 days late, do you typically try to sell them on Folio at a discount, or try to hang on and hope the efforts by LC or Prosper are successful and they come back to current?

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By: Peter Renton /investing-lending/a-snapshot-of-all-my-p2p-lending-accounts/comment-page-1/#comment-3817 Peter Renton Sun, 22 Jan 2012 03:38:18 +0000 /&p=3907#comment-3817 @Dan, The main difference between the XIRR() returns and the Lendstats numbers is the late loans. Both account have some late loans and Lendstats will discount those loans when they are late whereas XIRR() will not discount them at all until after they default. I expect witha few more defaults (which will certainly happen this year) the numbers will get closer together. @Dan, The main difference between the XIRR() returns and the Lendstats numbers is the late loans. Both account have some late loans and Lendstats will discount those loans when they are late whereas XIRR() will not discount them at all until after they default. I expect witha few more defaults (which will certainly happen this year) the numbers will get closer together.

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