Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: jd on March 03, 2018, 12:37:23 PM

Title: Six month review of my Lending Club account
Post by: jd 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.



Title: Re: Six month review of my Lending Club account
Post by: Rob L on March 04, 2018, 08:55:07 AM
Thanks for the post. Keep us up to date.
Title: Re: Six month review of my Lending Club account
Post by: RomanLegend on March 08, 2018, 12:38:45 PM
Awesome JD.  Really glad to hear its working out for you so far!

-Chris
Title: Re: Six month review of my Lending Club account
Post by: RomanLegend on January 24, 2019, 11:43:40 PM
JD,

Any new update on your portfolio?

Thanks,

-Chris
Title: Re: Six month review of my Lending Club account
Post by: jd 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.

Title: Re: Six month review of my Lending Club account
Post by: Kate Leiton 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!
Title: Re: Six month review of my Lending Club account
Post by: jd on February 08, 2019, 10:20:55 AM
No worries. I'll try to update monthly.

Title: Re: Six month review of my Lending Club account
Post by: jd on February 23, 2019, 09:54:09 AM
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.
Title: Re: Six month review of my Lending Club account
Post by: lascott on February 23, 2019, 05:07:33 PM
You might like to do XIRR and annually/year (here: https://forum.lendacademy.com/index.php/topic,3742.msg33511.html#msg33511 )
Title: Re: Six month review of my Lending Club account
Post by: blueinvestchuck on February 28, 2019, 10:49:02 PM
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.
Title: Re: Six month review of my Lending Club account
Post by: jd on March 01, 2019, 11:14:33 AM
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.
Title: Re: Six month review of my Lending Club account
Post by: blueinvestchuck on March 06, 2019, 09:04:22 PM
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.
Title: Re: Six month review of my Lending Club account
Post by: jd on March 07, 2019, 04:09:08 PM
Quote
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.

Title: Re: Six month review of my Lending Club account
Post by: lascott on March 07, 2019, 07:41:12 PM
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/
Title: Re: Six month review of my Lending Club account
Post by: AnilG on March 08, 2019, 12:54:57 AM
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.
Title: Re: Six month review of my Lending Club account
Post by: lascott on March 08, 2019, 04:30:11 PM
Quote
Did you study about p2p lending before you started? I guess not.

Wow....helpful.  Sure you are joy to be around.  Someone asking a question or exploring a concept is a bothersome thing for you.
I think you are misunderstanding. The person complained that at about 10 months defaults happening.  However, there are a LOT of articles on the timing of when you start LC lending and transition periods. Did you see/read the article I pointed to?
Title: Re: Six month review of my Lending Club account
Post by: jd on March 08, 2019, 07:04:09 PM
Quote
I think you are misunderstanding. The person complained that at about 10 months defaults happening.  However, there are a LOT of articles on the timing of when you start LC lending and transition periods. Did you see/read the article I pointed to?

Sorry about that. I must have read it at a bad moment.  My apologies.

Title: Re: Six month review of my Lending Club account
Post by: blueinvestchuck on March 20, 2019, 04:43:24 PM
I did learn about the default peak of 9 to 18 months and actually spoke extensively about it to one of the reps in LC before I started. The reason I am unhappy is because my accounts in Prosper and Upstart have not been suffering such aggressive defaults at a time when the economy is not doing terrible. I had started investing in all P2P at the same time to get a one year benchmark and then decide which ones to go for aggressive investing.

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.
Title: Re: Six month review of my Lending Club account
Post by: AnilG on March 21, 2019, 01:25:14 AM
Thanks for update. What is the interest rate range or average interest rate of loans you are lending to LC vs Prosper vs Upstart? The loans with lower interest rate (better quality/grade) tend to default slowly over extended period of time compared to high interest rate loans. I no longer collect Prosper loan data and didn't even realized Upstart is still in business so can't check their defaults with time. But this trend is quite evident between grades on Lending Club.

I did learn about the default peak of 9 to 18 months and actually spoke extensively about it to one of the reps in LC before I started. The reason I am unhappy is because my accounts in Prosper and Upstart have not been suffering such aggressive defaults at a time when the economy is not doing terrible. I had started investing in all P2P at the same time to get a one year benchmark and then decide which ones to go for aggressive investing.