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Old 07-25-2009, 07:09 PM
 
12,671 posts, read 21,921,227 times
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Anyone use this money manager?
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Old 07-25-2009, 07:31 PM
 
Location: Atlanta, GA
1,194 posts, read 1,908,709 times
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I use mint.com. I also used to use Bank of America's MyPortfolio. I like mint better since it supports LendingClub, my Perkins loan.

mint.com - Quantcast Audience Profile
yodlee.com - Quantcast Audience Profile

mint is 10x popular it seems. yodlee advertises Bill Pay, and I don't think mint offers that. Just looking at yodlee.com's front page, it is too much information for me.

washingtonpost.com

Here's a recent article on it.

A key feature I like about mint.com vs BoA's MyPortfolio is that it lets you put in your "own" accounts, for example, personal loans to other people that can't be found electronically. It is very nice to have an overall picture of where your entire financial picture looks like.
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Old 07-25-2009, 09:46 PM
 
12,671 posts, read 21,921,227 times
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Quote:
Originally Posted by jhtrico1850 View Post
I use mint.com. I also used to use Bank of America's MyPortfolio. I like mint better since it supports LendingClub, my Perkins loan.

mint.com - Quantcast Audience Profile
yodlee.com - Quantcast Audience Profile

mint is 10x popular it seems. yodlee advertises Bill Pay, and I don't think mint offers that. Just looking at yodlee.com's front page, it is too much information for me.

washingtonpost.com

Here's a recent article on it.

A key feature I like about mint.com vs BoA's MyPortfolio is that it lets you put in your "own" accounts, for example, personal loans to other people that can't be found electronically. It is very nice to have an overall picture of where your entire financial picture looks like.
How are your returns like on Lending Club?
Mint.com 100% free and has all features that Yodlee offers?
Mint lets you add Brokerage account too right?
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Old 07-25-2009, 10:10 PM
 
Location: Atlanta, GA
1,194 posts, read 1,908,709 times
Reputation: 816
Technically, based upon what I've invested in, I am at 13.53% annualized. I've only received 1 payment so far, since I started just a few weeks ago. So really that 13.53% is based upon what I will earn if everyone I invested in pays on time.

Javelin Research found https://www.lendingclub.com/press/javelin.pdf (broken link)

Quote:
At the close of November, the overall investment return averaged 9.05%, with a median return of 10.48%, based on
a Weighted Average Return on Invested Capital (WAROIC). That calculation accounts for Lending Club’s 1% service
charge, as well as for loans paid off early, hobbled by late payments or defaulted.

If an individual had invested $10,000 on June 1st, 2007 in a representative group of loans on the site, the value of
that individual’s account at Lending Club would have grown to $11,594 by November 2008 (assuming reinvestment
of payments received). That return would have outpaced other common investments or indexes such as the
Standard & Poor’s 500 Index ($6,289), the Nasdaq Composite Index ($6,605), 1‐year CDs ($10,678) and 6‐month
Treasury bills ($10,501).

Prepayments
: About 4.4% of outstanding loans were paid off ahead of schedule, accounting for 6,117 notes. Prepaid loans accounted for a total of $1.2 million and 5.3% of the total amount lent out.
Grace Period: Lending Club allows a 15‐day grace period for borrowers to become current before payments are
deemed late. A total of 1,742 loans, or 1.2%, fell into this category. They comprised $190,521 of loans, or .8% of dollars loaned.
Late Payments: A total of 351 notes were 16 to 30 days late, accounting for less than 1 percent of notes and dollar volume, or $92,926. In addition, 5,920 notes were in the 31‐ to 120‐days‐late category, accounting for 4.2% of notes and 4.1% of loan dollar volume, or $959,135.
Defaults: A total of 3,963 notes comprising $591,463 ended in default. That translated into 2.8% of total notes and 2.5% of the total dollars borrowed.
I've only put in $175 ($25 free bonus rounds that to $200), and plan to keep it that way. Javelin Research found the rate of return at 9% and LendingClub is advertising 9.61% based on more recent numbers, and even with its good performance so far, the whole thing is very new. Still, it is fun picking out who to loan to.

Between 9% on this totally new product and 6% with PTTDX's years of record performance, I'll put most of my money in PTTDX.

I mentioned that I think Bill Pay is not with Mint yet, but it is 100% free, and has an iPhone app also. I have my Scottrade and my Lending Club on there, so yes, brokerages are A-Okay.
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Old 07-26-2009, 12:46 AM
 
Location: Long Branch
390 posts, read 1,413,487 times
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Neither mint or yodlee support my credit union.
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Old 07-26-2009, 01:13 AM
 
12,671 posts, read 21,921,227 times
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Quote:
Originally Posted by FBone View Post
Neither mint or yodlee support my credit union.
You can request Yodlee and they should put it in.
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Old 07-27-2009, 01:05 AM
 
Location: Long Branch
390 posts, read 1,413,487 times
Reputation: 110
Quote:
Originally Posted by Texas User View Post
You can request Yodlee and they should put it in.
I did request but was denied.
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Old 07-27-2009, 06:18 PM
 
Location: Atlanta, GA
1,194 posts, read 1,908,709 times
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I was getting nervous, one loan on Lending Club had 1/1 payment so far, I thought it was going to be 1/2. His credit score dropped from ~700 to ~575. Still made the payment, so I still stand at 13%+ annualized.
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Old 09-14-2009, 11:41 PM
 
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Yodlee's Beta version is pretty good. Intuit just bought Mint.com.
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Old 04-08-2010, 08:47 PM
 
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Anyone able to use Tradeking with Yodlee?
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