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I went to sign up today too, but unfortunately Texas only allows for FolioFN as well, and I'm not sure how I feel about that yet. Normally this state lets me do all kinds of crazy things with my money! I guess I'll put a smaller amount of cash in and feel it out.
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Jul 24, 2013 17:14
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I transferred some money over to FolioFN back when I made my last post since I can't invest in new notes in Texas. However, upon searching, lots and lots of them have ridiculously negative expected ROIs because they're near to term and someone has them posted up for more than what's owed... would anybody in their right minds go for them? It's annoying that they even show up and that you can't trust any information on there from the time the note was generated since it all could have changed, to where I'm pretty discouraged from investing in any of them at all.
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Oct 30, 2013 23:27
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baquerd posted:Since I started serious business Folio trading, I've made 21% XIRR over the last three months on roughly $20k. How'd you figure out what on earth to search for? The FolioFN interface is just godawful, and I took all the money I had wide-eyedly transferred in there and transferred it back to my savings account because I didn't see how to start off (being in Texas, I can't use regular Lending Club). When most of the list of notes is flooded with ones that expect to provide a negative rate of return at purchase time, I don't know why people would even look at them, and why anyone expects to sell those off. It just clutters up the list.
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Dec 13, 2013 03:12
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SiGmA_X posted:Who would I write at the state legislature level to ask to allow peer to peer in Oregon? Any other Oregon goons want to spam mail the reps too? Seriously, and me for Texas. It's just unfair that I have to deal with FolioFN when most of what it wants to show me has a *negative* EROI after purchase, as if I'm going to buy those notes.
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Feb 14, 2014 02:02
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Not the first time I've posted this in the thread, I just like to complain, but... it bums me out that as a Texan, all I'm allowed is sloppy seconds on notes nobody else wants to keep.
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Jul 11, 2014 05:01
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Just got an email from LC saying they are now available for investors from Texas, along with a promotion for FREE MONEY*. Now that the door is apparently opened for me, how complicated tax-wise does personal lending actually end up being?
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Jun 30, 2015 19:01
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April posted:Also, CaptainCrunch (sorry I didn't answer you earlier), I've been in BlueVestment for a few weeks now, and it seems to be legit. I don't think they filter as deeply as IR, but I think that IR is still in the process of integrating with them, so there may be more options in the future. So if we were to sign up for one, it makes more sense to sign up with BlueVestment rather than InterestRadar? Seems weird that the link to the full press release on IR's site just links to a main landing page on BlueVestment's site, but I guess that's just lazy link curation.
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Aug 10, 2015 05:41
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April posted:IR has been in the process of shutting down and merging with BlueVestment. I made the switch a couple of months ago, so I am not sure if IR is still working, or what settings you might need to change. Check your API number maybe? What advantages does BV have over LC's automatic investment feature? More specific/narrow criteria for choosing notes?
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Sep 24, 2015 12:51
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| # ¿ May 6, 2024 02:19 |
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baquerd posted:At first glance, it appears to be a hilarious market that will overflow with scammers and will utterly fail to compensate lenders for risk. I opened too many tabs at once and thought I was in one of the Bitcoin threads when I read this. 
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Jun 1, 2016 04:52
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