Author Topic: Six month review of my Lending Club account  (Read 1154 times)

jd

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Six month review of my Lending Club account
« on: March 03, 2018, 12:37:23 PM »
A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  Figured I'd give a six month (or so) update.

I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

My Notes at-a-Glance      142

Not Yet Issued                    4
Issued & Current             129
In Grace Period                   3
Fully Paid                            6


Adjusted Net Annualized Return   9.61%
Net Annualized Return                12.16%

My notes by grade are:

A  22%
B  33%
C  26.10%
D  14.70%
E   4.20%

I'm pretty happy with the results so far.  There always seem to be 2 or 3 loans in Grace period but I've only had one go late and then it paid almost as soon as it did.

I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 71.3/82. 

I don't work for LC picks nor am I family member or something.  I just wanted to be transparent about how I make my choices.

Thanks again for all who helped out in the past.



« Last Edit: March 04, 2018, 10:16:55 AM by jd »

Rob L

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Re: Six month review of my Lending Club account
« Reply #1 on: March 04, 2018, 08:55:07 AM »
Thanks for the post. Keep us up to date.

RomanLegend

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Re: Six month review of my Lending Club account
« Reply #2 on: March 08, 2018, 12:38:45 PM »
Awesome JD.  Really glad to hear its working out for you so far!

-Chris

RomanLegend

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Re: Six month review of my Lending Club account
« Reply #3 on: January 24, 2019, 11:43:40 PM »
JD,

Any new update on your portfolio?

Thanks,

-Chris

jd

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Re: Six month review of my Lending Club account
« Reply #4 on: January 27, 2019, 12:46:58 PM »
Update as of 01.27.19

My Notes at-a-Glance      361

Not Yet Issued                    4
Issued & Current             302
In Grace Period                   3
Fully Paid                           36
Late 16-30                          1
Late 31-120 Days                9

Charged Off                         6


Adjusted Net Annualized Return   4.58%
Net Annualized Return                 7.90%

My notes by grade are:

A  19.2%
B  58.70%
C  13.80%
D  6.40%
E   1.80%

I didn't like the amount of issues I was having with the higher interest loans so I've been focusing away from them lately.  That seems to be working. 

Overall I'm still happy.


Kate Leiton

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Re: Six month review of my Lending Club account
« Reply #5 on: February 08, 2019, 07:30:59 AM »
Thanks for sharing with us. It's really useful for the newcomers. Wish you a good luck!

jd

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Re: Six month review of my Lending Club account
« Reply #6 on: February 08, 2019, 10:20:55 AM »
No worries. I'll try to update monthly.