Six month review of my Lending Club account

[jd]

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.

[Rob L]

Thanks for the post. Keep us up to date.

[RomanLegend]

Awesome JD.  Really glad to hear its working out for you so far!

-Chris

[RomanLegend]

JD,

Any new update on your portfolio?

Thanks,

-Chris

[jd]

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]

Thanks for sharing with us. It's really useful for the newcomers. Wish you a good luck!

[jd]

No worries. I'll try to update monthly.

[jd]

Update as of 02.23.19

My Notes at-a-Glance      385

Not Yet Issued                    7
Issued & Current             321
In Grace Period                   0
Fully Paid                           40
Late 16-30                          1
Late 31-120 Days                8
Default                                1
Charged Off                         6


Adjusted Net Annualized Return   5.31%
Net Annualized Return                 7.80%

My notes by grade are:

A  17.50%
B  61.60%
C  12.90%
D  6.30%
E   1.70%

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.

[lascott]

You might like to do XIRR and annually/year (here: https://forum.lendacademy.com/index.php/topic,3742.msg33511.html#msg33511 )

[blueinvestchuck]

From an unhappy LC investor. I have stopped investing for the past 6 months and taking my business somewhere else.

For those who care, here are the numbers -->

My Notes at-a-Glance               702       
Not Yet Issued                             0
Issued & Current                      599
In Grace Period                             5
Fully Paid                                   76
Late 16 - 30 Days                          0
Late 31 - 120 Days                        7
Default                                         0
Charged Off                                15

Adjusted Net Annualized Return 6.35%
A(27.0%) B (42.0%) C (26.4%) D (4.6%) E (0.0%) F *** (0.0%) G *** (0.0%)

Update as of 02.23.19

My Notes at-a-Glance      385

Not Yet Issued                    7
Issued & Current             321
In Grace Period                   0
Fully Paid                           40
Late 16-30                          1
Late 31-120 Days                8
Default                                1
Charged Off                         6


Adjusted Net Annualized Return   5.31%
Net Annualized Return                 7.80%

My notes by grade are:

A  17.50%
B  61.60%
C  12.90%
D  6.30%
E   1.70%

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.

[jd]

Would you share why you are unhappy? I'm not trying to assume anything and always like getting another perspective.  You might shine light on something that I'm not looking at.

[blueinvestchuck]

Unhappy because for the past few 2-3 months there has been gain anywhere from -1% to +1%. This is because of sudden explosion of defaults after about 10 months.

Would you share why you are unhappy? I'm not trying to assume anything and always like getting another perspective.  You might shine light on something that I'm not looking at.

[jd]

Unhappy because for the past few 2-3 months there has been gain anywhere from -1% to +1%. This is because of sudden explosion of defaults after about 10 months.

That sounds like a pretty good reason to be unhappy.

Thank you for sharing. I ask because you never know when someone has a perspective that maybe you aren't seeing.

[lascott]

Unhappy because for the past few 2-3 months there has been gain anywhere from -1% to +1%. This is because of sudden explosion of defaults after about 10 months.

Would you share why you are unhappy? I'm not trying to assume anything and always like getting another perspective.  You might shine light on something that I'm not looking at.

Many of the newer folks have not researched enough I don't think.

Here is a article that talks about 3 seasons.  https://www.lendingmemo.com/lending-club-prosper-return-curve/

[AnilG]

And, you are just hitting the default peak. Did you study about p2p lending before you started? I guess not.

Unhappy because for the past few 2-3 months there has been gain anywhere from -1% to +1%. This is because of sudden explosion of defaults after about 10 months.