Comments on: Lending Club – 2013 Investment Criteria

By: Ray

Ray — Sun, 09 Feb 2014 21:07:59 +0000

Excellent! I am looking forward to this.

By: writing2reality

writing2reality — Sat, 01 Feb 2014 16:35:20 +0000

Ray, thanks for stopping by! I am planning on doing an updated investment criteria post for 2014. You can expect that post sometime in the next couple of weeks.

By: Ray

Ray — Sat, 01 Feb 2014 15:50:26 +0000

These are some nice filters for sure!

How have you modified them for 2013 / 2014?

I am right at 11.04% ROI but would like to do better…

Can you share any updates?

Thanks – Ray

By: writing2reality

writing2reality — Thu, 09 May 2013 02:54:58 +0000

Not a problem sir! Glad to share with how I have been investing!

By: Mr. 1500

Mr. 1500 — Thu, 09 May 2013 02:17:47 +0000

Thanks for sharing! I’m going to enter your filter tonight and see how it goes. Really appreciate you sharing your strategy.

By: writing2reality

writing2reality — Thu, 18 Apr 2013 00:44:59 +0000

Thanks for stopping by Ms D!

I’m glad I could point you to Interest Radar as it is a great resource! Coincidentally, I just posted on your site about IR! Good timing!

By: Ms. D.

Ms. D. — Thu, 18 Apr 2013 00:37:49 +0000

Great filters. And I learned something new today; Interest Radar is new to me. Checking it out now.

I started LC about less than a year ago. Alas, I can only use the secondary market.

By: writing2reality

writing2reality — Tue, 12 Feb 2013 00:45:08 +0000

FYI – Your link won’t show any filters, just the blank filter page.

Glad to see you researching ways to improve your returns! What I would recommend is you find a filter set you are comfortable with and work with that. Sure, you can eek out an extra tenth or two with back testing, but none of that is a guarantee of future returns. The main focus is reducing some of the risk associated with a lower grade set of loans.

By: Jigglebilly

Jigglebilly — Tue, 12 Feb 2013 00:34:34 +0000

13% ROI achieved is from the NSR backtest here http://nickelsteamroller.com/lendingclub_return

My actual portfolio is ~2 years old and the NAR is 7.4, so ROI probably more like 6. Not good. I used inferior filters back then.

By: writing2reality

writing2reality — Tue, 12 Feb 2013 00:21:31 +0000

Greater than 13% is fantastic. How old is your portfolio, and what is size of portfolio? The states can be quite variable, depending on the other sorts you have, but CA is consistently the worst or one of the worst. GA struggles, as does FL and NV.

As far as filters to remove… using my primary filter as an example, I would remove months since DQ, minimum size of the loan, and the length of credit history requirement. Check out after updates: Updated Filter

Hope that helps, and good luck!