Author Topic: Review of my lending club account  (Read 5984 times)

JDII

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Review of my lending club account
« on: June 11, 2019, 09:18:16 PM »
Hello everyone,

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

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

Update as of 06.11.19

My Notes at-a-Glance      479

Not Yet Issued                    5
Issued & Current             387
In Grace Period                   0
Fully Paid                           67
Late 16-30                          0
Late 31-120 Days                6

Charged Off                         14


Adjusted Net Annualized Return   5.68%
Net Annualized Return                 11.66%
Weighted Average Age of Portfolio  10.8 months

My notes by grade are:

A  14.5%
B  65.3%
C  11.6%
D  6.8%
E   1.8%

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 69.1/82.

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.

JDII

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Re: Review of my lending club account
« Reply #1 on: August 03, 2019, 01:54:25 PM »
Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

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

Update as of 08.03.19

My Notes at-a-Glance      525

Not Yet Issued                    7
Issued & Current             412
In Grace Period                   2
Fully Paid                           81
Late 16-30                          0
Late 31-120 Days                4

Charged Off                         19


Adjusted Net Annualized Return   5.63%
Net Annualized Return                 11.70%
Weighted Average Age of Portfolio  11.6 months

My notes by grade are:

A  14.2%
B  65.0%
C  12.80%
D  6.4%
E   1.6%

I  might be the only person on this forum that is happy with my Lending Club account. I think I came in after the the blood bath that a lot of you talk about. 

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 68.8/82.

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.

Fred93

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Re: Review of my lending club account
« Reply #2 on: August 04, 2019, 12:00:09 AM »
Adjusted Net Annualized Return   5.63%

That's a reasonable return for the past couple of years. 


Quote
I  might be the only person on this forum that is happy with my Lending Club account. I think I came in after the the blood bath that a lot of you talk about. 

I'm still here.  Been investing with LC for over 10 years now.

JDII

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Re: Review of my lending club account
« Reply #3 on: August 04, 2019, 09:20:24 AM »
Quote
I'm still here.  Been investing with LC for over 10 years now.

Yes you have and I'm grateful for your insights. 

BruiserB

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Re: Review of my lending club account
« Reply #4 on: August 08, 2019, 10:54:09 PM »
Also still here. Not posting as regular as before. And have been liquidating my taxable account down to a level where I can deduct all of my losses instead of building up future carryovers. But still reinvesting in my Roth IRA account though I have stopped adding more each year.

JDII

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Re: Review of my lending club account
« Reply #5 on: November 09, 2019, 02:02:07 PM »
Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

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

Update as of 11.09.19

My Notes at-a-Glance      613

Not Yet Issued                    4
Issued & Current                 465
In Grace Period                   2
Fully Paid                           112
Late 16-30                          1
Late 31-120 Days                7

Charged Off                         22


Adjusted Net Annualized Return      5.99%
Net Annualized Return                   11.78%
Weighted Average Age of Portfolio  12.9 months

My notes by grade are:

A  16.15%
B  61.17%
C  15.17%
D  6.36%
E   1.14%


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 68.2/82.

Thanks again for all who helped out in the past.

Fred93

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Re: Review of my lending club account
« Reply #6 on: November 09, 2019, 03:56:51 PM »
Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html
I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

Update as of 11.09.19
Adjusted Net Annualized Return      5.99%
Weighted Average Age of Portfolio  12.9 months

You're doin' ok. 

JDII

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Re: Review of my lending club account
« Reply #7 on: November 09, 2019, 04:02:59 PM »
Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html
I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

Update as of 11.09.19
Adjusted Net Annualized Return      5.99%
Weighted Average Age of Portfolio  12.9 months

You're doin' ok.

It does feel like it is going okay.  Your views are always very welcome.

I think I could do better going forward (knocking on wood while I type that).  I've narrowed down into various notes that I should and should not be investing in. It will be interesting to see how the account performs in the next six months.