Thread: bmneveu's Account Talk

I'd be up half a percent already if my IFT had gone through right away. Instead I'll get higher prices at COB this afternoon.

Back to back IFTs! Today I'm adding in another 25% to the L2050 fund to make it 75% L2050 & 25% G.

Also, new blog post(s) coming in the next few hours.

ARLP bottled up and broke out to the upside.

ARLP Setup 1NOV13.png

New post over at the blog (in signature) talking about picking dividend stocks for your long-term portfolio.

Getting ready to shoot up to the top of the channel again?

NTT 06NOV13.jpg

Another new post over at the blog. This one is about investing in loans at LendingClub.com

Originally Posted by bmneveu

Another new post over at the blog. This one is about investing in loans at LendingClub.com

very interesting, which "loan grade" are you loaning?

Originally Posted by law87

very interesting, which "loan grade" are you loaning?

My main filters are as follows:
Loan Grades C, D, E and F (no A/B because profit is too low and no G because default risk is too high)
No delinquencies in the last two years
No public records on file

That narrows the list of thousands down to less than 15 usually. From there, I look at the profiles and determine which I'm most comfortable with, aka which I think have the smallest chance of defaulting. For example, I just did this search right now and found a 14.3% rate for 60 months for someone who's held the same job for over 10 years, has debt-to-income of less than 15%, has a credit score over 745, lives in a rather rich area, but with a very high income. That sounds about as solid as they come. I'd take that one now if I had anything in cash, but I'm fully vested right now. Other investors feel the same way, as this loan is 91% funded already on it's first day being posted.

Originally Posted by bmneveu

Getting ready to shoot up to the top of the channel again?

NTT 06NOV13.jpg

hey look what happened here!

NTT bounce 08NOV13.jpg

McDonald's in a bear channel?

MCD bear channel 08NOV13.png

Bought TZA after-hours @ $19.96. I do not plan on being in this position for long.