All Forum Posts by: Ryan Logsdon

I find it funny, being called "defensive" for relying on empirical evidence.

As Karen said, everyone should do their own due diligence.

David Beard as I said, the data was published by the company.

Simple. You're in the minority of investors who have made money. As I said, the average investor loses.

I find it a very poor investment strategy to believe you can beat what is proven.

There are many strategies that require much less luck. No luck, preferably. But "drink up" if you like it.

Kenneth LaVoie there are many published articles on the shortcomings of Prosper and Lending Club. I suggest you read them.

Kenneth LaVoie disagree as much as you want with math, till you go blue in the face...

I did the same, and I have no intention of ever getting licensed. As you and I both stand, we know what's required of an agent, but we're not held to their higher legal standards.

I was very interested in this a little over a year ago.

The big-name club I was interesting in joining divulged its loan history, separated by risk class (credit letter).

In every single class, there were 2 winners and 1 loser.

Winners: The website (for brokering their cut) and the loan recipient
Loser: the lender

Averaging across time, the average A-credit loan resulted in a loss to the average lender.

So as a recipient, those sites are great. As a lender, statistically speaking, they're worthless.

YouTube is your friend. Tons of examples there.

I'll throw in an example to Tom Goans' message. In central California, there's a major squeeze on properties. Banks are holding their foreclosure supplies, and anxious families are bidding through the roof on the few properties that are put on the market.

Now you can claim that both parties are at fault, but it takes only 1 to correct it. The buyers aren't stopping to see that the value isn't there.

It's a derivative, and as such, it's not a part of the basic cashflow equation.

That's not to say you can't add it in. Go for it. But you're no longer calculating your cashflow. You're calculating end-of-year finances.

Good catch Bill Exeter. Thanks for the correction.