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P2P-Picks ends in 1 week. What will YOU do?

Started by Peter, June 22, 2015, 11:00:00 PM

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brother7

With the end of P2P-Picks in 7 days, what strategy are people switching to?

Rob L


thezfunk

You labeled this a poll without actually have one.


rawraw

I'll use the Bluevestment filters that Nathan and Marco are rolling out and LendingRobot.

SBryantMS

I plan on withdrawing money as payments come in.

If anyone can point me to a filter that utilizes statistical analysis like Bryce then I will be back in.  Seems to me that all the filters currently available are just using data points on a specific loan and not comparing the loan to a statistical analysis of completed loans.   

In the mean time, I will be looking to build my own statical tool and try to figure out how to run the LC API against it.


sumtuck

As Bryce mentioned in his email to his former clients, there are three great solutions out there for people who need to transition away from P2P Picks. If anyone has any questions about NSR Picks, feel free to give me a ring at 720-259-0455 or team [at] nsrinvest.com. We'd be happy to help you with the transition!

jonpildis

As we've previously announced, BlueVestment is releasing a Lending Club P2P-Picks replacement, called BluePicks, on July 1st.

Ricardo, founder of Interest Radar and now the Chief Credit Officer of BlueVestment, has a long track record of building credit scoring algorithms at both Interest Radar and his day job in the debt markets.  Ricardo, Nathan and I have developed two models that should be nice replacements for the Loss Minimizer and Profit Maximizer.

- Blue Picks Moderate (BPM): this model includes the A, B & C graded notes that have the lowest probability of charge-offs.  This will compare very closely to P2P-Picks Loss Minimizer but we have added c-notes to the mix to improve total returns.

- BluePicks Aggressive:  this model includes D, E, F & G notes and is focused on delivering the highest risk adjusted return.  Again, this will compare very closely to Profit Maximizer but we have excluded C notes as we believe they dilute our users' objectives of maximum returns.

We're very pleased with the back-testing results and will have our own accounts, totaling over $300k, dedicated to using BluePicks for all future note selection. We're committed to 'eating our own cooking'.

If anyone has any questions, please don't hesitate to drop me a note at [email protected].



TravelingPennies

Interesting point. Even in Bryce's case things/strategies changed over time.  I also liked to see his real-world results the best he could show them.

In the case of IR/Interest Radar they do have an IR01 credit model table which I found useful.

https://www.interestradar.com/scores" class="bbc_link" target="_blank">https://www.interestradar.com/scores

http://i.imgur.com/9q2Ddhz.png" class="bbc_link" target="_blank">http://i.imgur.com/9q2Ddhz.png
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2F9q2Ddhz.png&hash=f37151f99067b7bc2a140a4fed579441" alt="" class="bbc_img" />


TravelingPennies

Great to see some ground truth Jon and very impressive results! Thanks for the post.
I've been a very happy IR subscriber the past couple of years that I've been P2P investing.
When you say largely driven by IR picks, and we know how quickly many loans are scooped up at LC release times, did you use IR's auto-invest feature to purchase the bulk of your notes?


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