This is a series of guest posts from New Jersey Guy who is an active member on the LendAcademy Forum. He is located in New Jersey as his name suggests so he is not currently able to invest in notes directly through Lending Club. However, he has decided to share his secrets on investing in FolioFN - the secondary market for Lending Club. There will be 4 posts in this series that will outline 3 of his strategies that can help you break the mold for better returns with Lending Club. [Read more...]
Over the last couple of months, we have featured 3 tools for automating your investments in Lending Club. Before the question and answer sessions we posted, my process for my investing was completely manual. Brian was investing manually as well and he actually setup a third party mobile app to send him notifications just before Lending Club releases notes. Even with my relatively small account, I was missing feeding times and had available cash just sitting in my account pretty often. Automation tools are starting to mature and I decided that it was finally time for me to try them out and hopefully help others who were considering automation. [Read more...]
BlueVestment is a third party tool for automation with LendingClub. Recently, they have made their product completely free for investors. Not only does the tool allow you to select your own custom filters, but it also ties into P2P-Picks for loan picking - a feature that I’m currently using. (If you haven’t heard of Bryce Mason from P2P-Picks, you may also be interested in the podcast he did with LendAcademy here)
Nathan from BlueVestment was nice enough to participate in our third part in a series of posts about third party tools. If you have any questions for Nathan, please feel free to post in the comments.
I try not to get too philosophical when I write, but I couldn’t pass this one up. Over the course of the past month or so (from a week before Christmas to now) I’ve had five notes turn from Current to Grace Period. [Read more...]
Automated Investing with LendingRobot
This is our first video featuring LendingRobot, which is an automated tool for investing in Lending Club. They just opened registration to the public a few weeks ago and my investing in Lending Club has become a lot easier. I’m starting to realize just how nice it is to not have to login to Lending Club during the feeding times.
If you missed any of our coverage of LendingRobot, you can view all of our content (including our Q & A session) here: http://www.peersociallending.com/lendingrobot
If the feedback is positive, we will try and feature short videos of many automated investment tools for Lending Club/Prosper. As always, please feel free to share your thoughts in the comments.
As we approach the end of 2013, I want to say thanks to all of our readers. We are happy that we are able to provide content that others find valuable. The site has been around since May, 2013 and even though that seems like a short amount of time, I feel like we have been able to accomplish a lot and hope bigger things are in store for peer to peer lending and the site in 2014.
Just last week we featured a Q & A with LendingRobot. At the time, they were still in beta, but that all changed as of this morning. They have officially launched and are open to the public. You can read more about it in their press release here. If anyone has experience in the beta or has signed up now, we would definitely be interested to hear your thoughts in the comments. Our goal is to provide a review in the future.
This is our second post in a series of posts of third party tools for peer to peer lending. Our first post featured automated investing with LendingRobot. In this session, we will be featuring a Q & A with Michael from Nickel Steamroller, which is a great source of information for everything LendingClub and Prosper. [Read more...]
This isn’t the first time that we have talked about third party tools for automated investing on Peer & Social Lending. Today marks the first of a series of posts we plan to do on all of the popular third party tools that exist for Lending Club and Prosper. We are starting off this series with a Q & A of LendingRobot created by Gilad Golan and Emmanuel Marot. As you read through this post be thinking of other questions you may have as Emmanuel has agreed to field any additional questions in the comments section. [Read more...]
There are many third party tools out there that many seasoned investors already know about. However, Lending Club continues to add functionality to their own site like net annualized return. Today I noticed something that I had not seen before which was a link to ‘Understanding Your Returns’. [Read more...]