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What kind of taxes are you guys paying on your returns?
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Jan 9, 2014 07:05
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| # ¿ May 22, 2024 04:38 |
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Man, I might have to hold off on this untill I get a straight answer on filing taxes. Has anyone in the thread been audited by the IRS while reporting LC note income? I hate to be a downer in the thread, but the last thing I want to do is be audited because of this especially when I'm only planning on using about.5% of my total investments at first.
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Jan 10, 2014 08:03
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Well, I sunk the money into my account. So I guess it's time to read through this entire thread to learn from ya'lls mistakes.
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Jan 16, 2014 00:42
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Alright so I finally made my first round of note purchases. Couple of questions/thoughts for you veterans. People with a rediculous amounts of credit lines: I've seen quite a few loans where the person has 30 plus open lines of credit. As someone with very few lines of credit open this set off a red flag in my brain. Should I not worry about this too much? Big loans vs Small loans: I'm currently trying to stay away from loans over 15k. I figure people are more likely to bail on big loans than small managable ones. This is pure conjecture on my point, so if anyone has some stats to disprove this line of thinking please show them.
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Jan 23, 2014 02:53
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So did some back testing on my chosen indicators and got a statistically nice return and default rate , but now I've run into the issue of not being able to find loans that meet my criteria because of either large notes being issued or bots( maybe a mix of both) Also, thanks for the advice on narrowing them down, you guys. I was only able to pick up about four notes this morning out of maybe 50 candidates. Guess most of my initial investment is going to be sitting idle for a couple months.
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Jan 24, 2014 01:18
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Since I started, LC prime has decreased from 10k to 2.5k. Wonder what's going on to prompt this drastic change.
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Apr 7, 2014 01:58
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Dammit I've got two payment skippers in their first month of payments. LC is trying to collect on one: 5/21/14 (Wednesday) Attempted to collect payment 5/15/14 (Thursday) PAYMENT Failed This sucks.
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May 22, 2014 08:05
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Lelorox posted:Dammit I've got two payment skippers in their first month of payments. LC is trying to collect on one: Update. All my loans are back on track. Is it strange that already 5% of my original 100 loans have paid off in full?
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Jul 7, 2014 00:58
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Manually picking is a huge waste of time. Find some filters that work and just let AI do the rest. Edit: and have fun trying to pick up good loans with so many bots and AI picking up good loans right as they go to market.
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Jul 10, 2014 04:53
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nickutz posted:It bums me out that as an employee of a broker dealer I can't use LendingClub or Prosper. Would love to try it out. Company rules? Do they block it because they don't want you playing with the competition.
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Jul 11, 2014 01:43
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Charge offs... Charge offs everywhere... Still raking 8.5% but I imagine when I'm done that number will be closer to 5%.
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Aug 13, 2015 18:44
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| # ¿ May 22, 2024 04:38 |
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5% charge off rate on 200 notes... why god why.
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Oct 9, 2015 18:06
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