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Did no one here have an IRA account with them in 2012 and see if there was or was not a 1099-B issued?

So I'm taking advantage of the extension this year and just reading up now, and going to bring back a dead thread.  What do those with expertise think is the appropriate way to handle trading?  If I understand correctly, selling will be a capital loss or gain depending on the discount or markup.  The two situations I have to deal with are buying at a premium and holding to end-of-year, and buying at a markup, holding for several payments, and then selling at a markup.  Any sound advice would be much appreciated.

Also, rate can change substantially based solely on loan amount, so if the loan amount changes the rate should change, and that can't happen once a note has been purchased.

Or more likely $75,000 per year, since it asks for annual income when you seek a loan.

I've got a 6/6 as well.  Sort of annoying but what can you do?

This week LC adjusted the interest rates on various grades.  I think A is unchanged, some in the B-D range were lowered, but the ones on the "junk" side of the spectrum got higher.  And when purchasing new notes in the D-G range their "expected default" rates are significantly higher.  It has moved my "expected return" numbers offered by LC from around 13% to around 10%, despite the higher rates.  Anyone know how they come up with those numbers and if I should care?

https://forum.lendacademy.com/index.php?topic=1189.msg8093#msg8093">Quote"> from: core on June 06, 2013, 03:36:38 PM

Airplane pilot, in my 30s.  Hoping to retire out of the country by 50, expecting to by 55.

https://forum.lendacademy.com/index.php?topic=1020.msg6471#msg88888888Quote"> from: GS on April 26, 2013, 07:53:05 PM

This week has been better for me.  While total notes available is still only in the 300s after a batch is released, I have been able to find 3-5 I like in most of those batches.

There's a big funding spike on the 1st - 3rd of each month, so my guess is that's the freshly funded loans issuing.

Thanks, I found it educational.  I'm rather dreading the tax season this year because this is my first investment account that's not an IRA.

I would like to be able to price a group at the same percentage markup, but I feel like having it not change once priced is a good thing.  That way your note gets a sliver cheaper and more appealing to buyers each day it doesn't sell.

No, in fact the majority are never verified.

Interest rates aren't likely to go up fast enough to worry about being locked into a 3 year (or 5 year with a corresponding 3-5% rate increase) term, in my opinion.

The borrower not paying is what we all try to minimize, it is clearly your primary risk factor.  Some hope for remedy, some sell at any sign of trouble.  Devise your own strategy.

Borrower paying off early is a hit, but a small one.  If they pay in full in month one you'll probably lose a few cents to fees.  I had a D4 pay in full in month two, I still made $0.52 after fees, or 2.08% over two (perhaps as much as three including funding, approval, and payment processing) months.  It may not be what you were planning on, but I'll take that happening 10 times over a single missed payment.

According to the documents on their website, there is a successorship arranged that would provide for continued loan servicing and payments to investors.  I do not know if that information can be independently verified, but I have no reason to doubt its validity.  I don't know what would happen to undeployed cash and whether more of the borrowers would default with a different collection team, though.

The risk I take note of that you didn't mention is liquidity.  Notes can be sold, but if you want to keep your shirt you will need a period of time to sell them and get your cash, should you need it.