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Automated investing - Bluevestment vs LR vs .....

Started by Peter, January 23, 2016, 11:00:00 PM

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michael49

UPDATE: OLD THREAD:  I've had my LC account for about a year now and have been investing via Bluevestment using my own filters.  So far I've been pleased with BV.  I've now opened up a second LC account for an IRA account and I'm trying to decide whether to stick with BV for this account or perhaps go with Lending Robot. Overall, BV's fees appear less than LR for larger investments.  Anyone used both?  Any thoughts or suggestions?

rawraw

LR is more built to do the picking for you IMO

LR has Folio, BV does not

Those are the differences.





icanhasloanz

I gave LR a shot with their aggressive setting and it didn't seem to pick up any loans for me. I think it did buy two loans at some point which LC did not issue (not LR's fault), but after a week or two, I just gave up on it. Kind of disappointing since I had high hopes.

Haven't tried BV




TravelingPennies

I searched the forum and came up with the following discussions related to loan volumes. In my own experience, it's not uncommon that I might not be able to buy a note for several days in a row.

To evaluate a filter/model, I would first make sure it can pick up enought loans to invest by backtesting. I believe some sites may give you this information given your setting. To estimate roughly, a 10,000 account, avg interest rate 15%, mostly 5-year notes, the expected monthly cash payments received would be roughly about = (10000/5 + 10000*15%) /12 = 3500/12 ~= $300 a month. Add a layer of cushion to ensure the monthly payments being able to be reinvested.

http://www.lendacademy.com/forum/index.php?topic=3422.msg30491#msg30491" class="bbc_link" target="_blank">http://www.lendacademy.com/forum/index.php?topic=3422.msg30491#msg30491
* Please see the chart posted by lascott.

http://www.lendacademy.com/forum/index.php?topic=3431.msg30560#msg30560" class="bbc_link" target="_blank">http://www.lendacademy.com/forum/index.php?topic=3431.msg30560#msg30560

http://www.lendacademy.com/forum/index.php?topic=3462.30" class="bbc_link" target="_blank">http://www.lendacademy.com/forum/index.php?topic=3462.30

http://www.lendacademy.com/forum/index.php?topic=3428.0" class="bbc_link" target="_blank">http://www.lendacademy.com/forum/index.php?topic=3428.0

Pretty old discussion:
http://www.lendacademy.com/forum/index.php?topic=2917.0" class="bbc_link" target="_blank">http://www.lendacademy.com/forum/index.php?topic=2917.0


TravelingPennies

When you use the manual Rules in LendingRobot one of the features is to give you and estimate of loans based on the past couple weeks.

https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2Fq6CleKY.png&hash=56b7e6561bd5f57bafde28afe33a0f1e" alt="" class="bbc_img" />
<snip>
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FaXo5kfx.png&hash=8c64635a7fe0757cb4dc42bae4369754" alt="" class="bbc_img" />

Lot of cycles with loans. One thing that I think that helped in the past year is LendingClub being open to more states since the IPO. I think it is up to 43 (and DofC).

BlueVestment.com Chart
Image: http://i.imgur.com/GcKAe3G.png" class="bbc_link" target="_blank">http://i.imgur.com/GcKAe3G.png
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FGcKAe3G.png&hash=4decba5b0a0a7e8ada7d3d0bb37c9cc0" alt="" class="bbc_img" />

PeerCube Chart
Image: http://i.imgur.com/tbLCp3v.png" class="bbc_link" target="_blank">http://i.imgur.com/tbLCp3v.png
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FtbLCp3v.png&hash=b3e1630701902b2ff33ac11b0c984756" alt="" class="bbc_img" />


TravelingPennies

Decided to stay with Bluevestment for my LC IRA - first time I've used Bluepicks - chose the aggressive filter without any additional filters.  I also opened up a new portfolio in my LC non-IRA account - again using Bluepicks aggessive but this time with a few additional filters - it will be interesting to compare the performance of these over the next couple of years.

NEW LOANS:   | tropius.eth 0.200 Ξ | tropius.eth 0.200 Ξ | tropius.eth 0.200 Ξ | ALL