On 09/24/2019 LendingClub made changes to their state eligibility for primary market investing. New York, Florida, Texas, and Arizona were impacted by these changes. LendingClub has not provided details on why this change was made or how long they expect the restrictions to last. Here is a link to LendingClub’s State of Residence map. LendingClub…
“Backtesting”: both an exciting and a dreadful word. Exciting, because when we design an algorithmic investing strategy, we’re eager to show how it should perform. When we released the first iteration of the LendingRobot algorithm in 2014, we did not have any trading history.
Today, we sent a ‘Monthly Report’ to our clients. This is the kind of info they should have received: Expected Return: 9.04%, Expected Value in 12 months: \$136.412. Instead we sent something like that: Expected Return: 0.00%, Expected Value in 12 months: \$-14,450,428,383,661.
As far as investing goes, two words are more frightening than anything else: “Trust Me”. There are many reasons this is frightening, but first, the more someone brags of his honesty, the shadier he seems.
And now, without much further ado, here are my 7 predictions for 2017:
There are 6 numbers to describe 2016 and we list them. Enjoy!
Or why pizzas and loans create the same conundrum… Our life as investors (or investment advisor) would be much, much simpler if we had no choice in the kind of assets we buy (but probably no ‘raison d’être’).
Lending Club recently announced the launch of a new type of credit: auto loans. This is great news,… except for the individual Peer Lending investor, who remains without access to this investment opportunity. Again. Perhaps this change was inevitable, as technology originally designed to serve the individual investor has evolved to deal with its own success. Peer-to-Peer as an impetus…