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June P2P Portfolio Update
Lending Club From my last update I had mentioned my Lending Club account was expecting a a number of defaults to happen, and it has started. My ROI has dropped about 1.8% after three new defaults. At...
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Balancing Your Portfolio by Loan Term – 36/60 Month
Buying Only 60 Month Notes? Consider This… I suspect many P2P investors indiscriminately invest in 36 or 60 month loans. I know when I started out I took whatever showed up in the loan search results...
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July P2P Portfolio Update
Lending Club Lending Club continues to do very well, although I sill have quite a few defaults waiting to happen. I’ve started the process to rebalance my loan terms to a 50/50 mix of 36/60 month...
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Hedging High Risk P2P Portfolios
Thus far, Lending Club and Prosper 2.0 have produced some outstanding returns. When people use tools like Nickel Steamroller’s Return Forecaster they can see deterministically that taking on more risk...
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September P2P Investing Update
Sorry, its been a while since my last post. I intended to do at least a few August updates, but summer is really coming to a close quickly. If you’ve been following my blog, you know that I set out two...
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Boosting Your Prosper Automated Quick Invest Return With Sorting
Sorting to Target Higher Returns One of the most powerful features of the Prosper platform is the ability for investors to set up automated investment plans. In essence, Prosper investor money is...
View ArticleInflation-Proofing Your Savings
According to Inflation Data the average inflation rate for 2011 was 3.16%. This means that $100,000 you have stashed in your bed mattress lost $3,160 in purchasing power. Inflation is effectively a...
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Using Credit Karma to Tune P2P Lending Filters
Introduction to Credit Karma Credit Karma is a free credit monitoring service that will allow you to see high-level what your credit score is, and factors impacting it. The service is free, and only...
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Is Lending Club Going to Introduce AA Grade Loans?
Is Lending Club planning to add a new loan grade AA to their platform? There is no conclusive evidence, however I have discovered strange anomalies that would support this. Within the website there...
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Return Forecaster Now Supports Detailed “Breakdowns”
I’ve added the ability to break down your ROI results by all major categories provided by Lending Club. This will allow for greater understanding of what is impacting your returns, and allow you to...
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Prosper’s new RESTful API
Prosper recently re-released their API, completely rewritten from the SOAP/WSDL service to a REST compliant service. This is an exciting change for three reasons: 1.) More open. The move to REST will...
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Updates to NSR Alerts – Now With Prosper Support
Many people use Nickel Steamroller to receive alerts for Lending Club loans as they come on the Primary Market. In the past these alert results have been limited to 25 loans per email. This restriction...
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Portfolio Update April 2013
Since my last update I’ve added about $12,000 to my P2P lending accounts, split 50/50 between Lending Club and Prosper. Lending Club My portfolio continues to move towards my goal of a 50/50 split...
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The Next Evolution In P2P Investing: NSR Premium
After months of work, the next evolution of Nickel Steamroller (NSR) is here! We are pleased to announce Nickel Steamroller Premium (NSRP). NSRP is a fully-featured automated investment and portfolio...
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NSRP Signup is Now Open
NSR Premium is now accepting new signups. During the launch we will be offering a limited number of investors accounts that have no limits on size or transaction volume for $25/month. Once the signup...
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Lending Club Adds NSR-Like Return Model
Lending Club has recently introduced a new feature that allows investors to model their returns much like NSR’s Portfolio Analyzer and Forecasting Tool. I never thought this type of return forecasting...
View ArticleNickel Steamroller 2.0
After months of work, we’d like to announce the beta release of NSR 2.0. This version of the platform is a joint effort between Rocco who runs Prosper Stats and myself. We decided to team up in June of...
View ArticleMore Data for Policy Code 2 & 99 Loans Redacted on Lending Club
Policy Code 2 & 99 loans, recently covered by Lend Academy, are a set of loans that are reserved for institutional investors. The following data elements were removed recently: Interest Rate Grade...
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A Look At Loan Volume for February
We often see end of the month reports detailing loan volume for Lending Club and Prosper. At NSR we monitor daily issued loan volume located under the “charts” section. These charts give great insight...
View ArticleLending Club’s Data Changes and Impact on NSR
Lending Club recently made a change to their data which will impact investors. In summary: 41 Credit Elements were removed – It’s largely reverted back to what investors had in 2012 and prior Dates no...
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