Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: JDII on June 11, 2019, 09:18:16 PM

Title: Review of my lending club account
Post by: JDII 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.
Title: Re: Review of my lending club account
Post by: JDII 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.
Title: Re: Review of my lending club account
Post by: Fred93 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.
Title: Re: Review of my lending club account
Post by: JDII 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. 
Title: Re: Review of my lending club account
Post by: BruiserB 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.
Title: Re: Review of my lending club account
Post by: JDII 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.
Title: Re: Review of my lending club account
Post by: Fred93 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. 
Title: Re: Review of my lending club account
Post by: JDII 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.

Title: Re: Review of my lending club account
Post by: JDII on December 07, 2019, 01:26:21 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 12.07.19

My Notes at-a-Glance      634

Not Yet Issued                    3
Issued & Current                 478
In Grace Period                   4
Fully Paid                           117
Late 16-30                         10
Late 31-120 Days                9
Default
Charged Off                         22


Adjusted Net Annualized Return      6.04%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  13.4 months

My notes by grade are:

A  13.50%
B  65.60%
C  14.70%
D  4.90%
E   1.40%


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 68.1/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on December 31, 2019, 02:26:32 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 12.31.19

My Notes at-a-Glance      663

Not Yet Issued                    12
Issued & Current                 488
In Grace Period                   6
Fully Paid                           123
Late 16-30                         1
Late 31-120 Days               8
Default                               2
Charged Off                        22


Adjusted Net Annualized Return      6.08%
Net Annualized Return                   11.74%
Weighted Average Age of Portfolio  13.8 months

My notes by grade are:

A  15.70%
B  64.34%
C  14.10%
D  4.60%
E   1.30%


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 67.8/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on February 04, 2020, 01:25:52 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 02.04.20

My Notes at-a-Glance      697

Not Yet Issued                     6
Issued & Current                  513
In Grace Period                    2
Fully Paid                            137
Late 16-30                          2
Late 31-120 Days                9
Default                               0
Charged Off                        28


Adjusted Net Annualized Return      6.05%
Net Annualized Return                   11.75%
Weighted Average Age of Portfolio  14.1 months

My notes by grade are:

A  16.10%
B  64.30%
C  13.40%
D  5.00%
E   1.30%


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 67.6/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on March 05, 2020, 09:06:17 AM
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 03.05.20

My Notes at-a-Glance      729

Not Yet Issued                     6
Issued & Current                  532
In Grace Period                    4
Fully Paid                            146
Late 16-30                          2
Late 31-120 Days                10
Default                               1
Charged Off                        28


Adjusted Net Annualized Return      6.02%
Net Annualized Return                   11.73%
Weighted Average Age of Portfolio  14.5 months

My notes by grade are:

A  15.80%
B  65.60%
C  12.60%
D  4.70%
E   1.20%


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 67.4/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on April 15, 2020, 12:24:52 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 04.15.20

My Notes at-a-Glance         754

Not Yet Issued                     4
Issued & Current                  553
In Grace Period                    3
Fully Paid                            152
Late 16-30                          1
Late 31-120 Days                7
Default                               2
Charged Off                        31
Canceled                            1


Adjusted Net Annualized Return      6.72%
Net Annualized Return                   11.72%
Weighted Average Age of Portfolio  15.3 months

My notes by grade are:

A  17.50%
B  63.80%
C  12.90%
D  4.60%
E   1.20%


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 67.3/82.

Thanks again for all who helped out in the past.
Modify message
Title: Re: Review of my lending club account
Post by: JDII on May 03, 2020, 02:37:52 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 05.03.20

My Notes at-a-Glance         773

Not Yet Issued                     4
Issued & Current                  568
In Grace Period                    3
Fully Paid                            156
Late 16-30                          0
Late 31-120 Days                5
Default                               0
Charged Off                        36
Canceled                            1


Adjusted Net Annualized Return      6.98%
Net Annualized Return                   11.74%
Weighted Average Age of Portfolio  15.5 months

My notes by grade are:

A  19.10%
B  62.20%
C  13.10%
D  4.40%
E   1.20%


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 67.2/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JimGasperini on May 07, 2020, 04:30:35 PM
Hello, JDII--

I notice that your NAR has risen by almost a percentage point over the last couple months, despite the dramatic downturn in the economy. As noted in another thread, this discrepancy can likely be explained by the fact that LC continues to class as Current many notes that are actually no longer being paid.

Have you checked to see how many of your "Current" notes are on Hardship Plan?
--Jim
Title: Re: Review of my lending club account
Post by: JDII on May 07, 2020, 09:09:15 PM
Quote
I notice that your NAR has risen by almost a percentage point over the last couple months, despite the dramatic downturn in the economy. As noted in another thread, this discrepancy can likely be explained by the fact that LC continues to class as Current many notes that are actually no longer being paid.

Have you checked to see how many of your "Current" notes are on Hardship Plan?

My NAR has been trending up for months.  It has trended up more since all this foolishness started in March.  I would guess that a lot of notes that would be In Grace are in the Hardship category.  It seems the NAR is counting them as Current.  I haven't dived into the math on that but it feels like that is the case. I would bet most people are seeeing their NAR trend up right now.

What is going to happen in June and July is the real question. 

43 of my notes are in Hardship.  That would be 5.5% of my total notes and 7.5% of my current notes. 

Title: Re: Review of my lending club account
Post by: JimGasperini on May 09, 2020, 01:44:19 PM
Quote
43 of my notes are in Hardship.

How do you check which notes are in Hardship? As noted in other threads, since sometime in March notes that go into Hardship are not flagged as such in the spreadsheet downloaded from Holdings. The only way I have found to check which notes are actually in Hardship is to view the details for each individual note. Is there a simpler way?
Title: Re: Review of my lending club account
Post by: JDII on May 09, 2020, 02:12:24 PM
Quote
How do you check which notes are in Hardship? As noted in other threads, since sometime in March notes that go into Hardship are not flagged as such in the spreadsheet downloaded from Holdings. The only way I have found to check which notes are actually in Hardship is to view the details for each individual note. Is there a simpler way?

I eyeballed it.  I looked at everything that was listed as Current but more than 30 days until next payment date.  I supposed it could be higher for notes that may be in hardship and were pushed from March payments to May.

Title: Re: Review of my lending club account
Post by: Joe6Luck on May 11, 2020, 02:27:00 AM
Here is my findings about the notes in the status of hardship plan/deferred payment. LC allows me to list such notes on the page of "Folio - Sell Notes". However,  after I tried listing such notes for sale,

  - they show up on the page of "Folio - My Account - Open Sell Orders"
  - but, they don't actually shown up on the page of "Folio - Browse Notes".

So, this looks good news to folio buyers (avoid mistakenly buying such notes with inappropriate discount) and bad news to folio sellers (limitation to liquidate such notes at appropriate discount.)

Regardless, I think Lending Club should have made it a transparent process. However, they just disappointed me one more time.
Title: Re: Review of my lending club account
Post by: Debt Free on May 11, 2020, 02:46:56 AM
I have experienced the exact same thing.  "Supposedly marketable" since you can "list" it, but they won't list them as if they are in default.  If you can list a note 30-120 late, but not hardship, something is W-R-O-N-G.  No way around it.  Dancing around another potential class action by investors?
Title: Re: Review of my lending club account
Post by: JDII on June 02, 2020, 10:59:39 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 06.01.20

My annualized return on loans that have paid off is 9.50%. 

My Notes at-a-Glance         801

Not Yet Issued                     10
Issued & Current                  576
In Grace Period                    4
Fully Paid                            167
Late 16-30                          0
Late 31-120 Days                3
Default                               1
Charged Off                        38
Canceled                            2


Adjusted Net Annualized Return      7.41%
Net Annualized Return                   11.75%
Weighted Average Age of Portfolio  16.1 months

My notes by grade are:

A  21.30%
B  60.30%
C  13.10%
D  4.10%
E   1.10%


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 67.1/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on July 04, 2020, 04:04:08 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 07.04.20

My annualized return on loans that have paid off is 9.47%.

My Notes at-a-Glance         830

Not Yet Issued                    6
Issued & Current                583
In Grace Period                   4
Fully Paid                           191
Late 16-30                         0
Late 31-120 Days               3
Default                               0
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      7.95%
Net Annualized Return                   11.80%
Weighted Average Age of Portfolio  16.5 months

My notes by grade are:

A  22.70%
B  58.90%
C  13.30%
D  4.0%
E   1.10%


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 67.1/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on August 01, 2020, 05:12:55 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 08.01.20

My annualized return on loans that have paid off is 9.49%.

My Notes at-a-Glance         855

Not Yet Issued                    4
Issued & Current                593
In Grace Period                   4
Fully Paid                           208
Late 16-30                         0
Late 31-120 Days               3
Default                               0
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      8.72%
Net Annualized Return                   11.86%
Weighted Average Age of Portfolio  16.9 months

My notes by grade are:

A  22.30%
B  60.10%
C  12.90%
D  3.6%
E   1.10%


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 66.9/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on August 14, 2020, 01:43:28 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 08.14.20

My annualized return on loans that have paid off is 9.46%.

My Notes at-a-Glance         864

Not Yet Issued                    4
Issued & Current                599
In Grace Period                   3
Fully Paid                           212
Late 16-30                         0
Late 31-120 Days               3
Default                               0
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      9.03%
Net Annualized Return                   11.85%
Weighted Average Age of Portfolio  17.2 months

My notes by grade are:

A  23.20%
B  59.40%
C  12.80%
D  3.50%
E   1.10%


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 66.9/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on August 30, 2020, 12:11:04 AM
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 08.30.20

My annualized return on loans that have paid off is 9.43%.

My Notes at-a-Glance         874

Not Yet Issued                    5
Issued & Current                602
In Grace Period                   3
Fully Paid                           218
Late 16-30                         0
Late 31-120 Days               2
Default                               1
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      9.41%
Net Annualized Return                   11.82%
Weighted Average Age of Portfolio  17.5 months

My notes by grade are:

A  25.20%
B  57.80%
C  12.40%
D  3.40%
E   1.10%


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 66.9/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on September 12, 2020, 02:24:07 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 09.12.20

My annualized return on loans that have paid off is 9.37%.

My Notes at-a-Glance         886

Not Yet Issued                    2
Issued & Current                604
In Grace Period                   5
Fully Paid                          229
Late 16-30                         0
Late 31-120 Days               2
Default                              0
Charged Off                        42
Canceled                            2


Adjusted Net Annualized Return      9.66%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  17.6 months

My notes by grade are:

A  27.00%
B  56.30%
C  12.20%
D  3.30%
E   1.10%


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 66.8/82.

Thanks again for all who helped out in the past.
Modify message
Title: Re: Review of my lending club account
Post by: lascott on September 14, 2020, 10:26:08 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 09.12.20

My annualized return on loans that have paid off is 9.37%.

My Notes at-a-Glance         886

Not Yet Issued                    2
Issued & Current                604
In Grace Period                   5
Fully Paid                          229
Late 16-30                         0
Late 31-120 Days               2
Default                              0
Charged Off                        42
Canceled                            2


Adjusted Net Annualized Return      9.66%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  17.6 months

My notes by grade are:

A  27.00%
B  56.30%
C  12.20%
D  3.30%
E   1.10%


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 66.8/82.

Thanks again for all who helped out in the past.
Modify message
Hopefully, you are realistic at the future of your returned after 18 months avg.

(https://i.imgur.com/nFUMdpE.jpg)
Title: Re: Review of my lending club account
Post by: Rob L on September 15, 2020, 10:01:01 AM
The current chart shows the mass exodus of retail investors. Almost no accounts less than 9 months old.
For perspective a comparison from around 5 years ago. A very different picture.

(https://i.imgur.com/VVn6Mml.png?1)
Title: Re: Review of my lending club account
Post by: JDII on September 16, 2020, 11:24:30 AM
Quote
Hopefully, you are realistic at the future of your returned after 18 months avg.

I don't think I could be any more realistic. The numbers will speak for themselves. Currently my returns are going up.

18 months is not a magic number that will automatically doom my returns.
Title: Re: Review of my lending club account
Post by: JDII on September 16, 2020, 11:26:29 AM
Quote
The current chart shows the mass exodus of retail investors. Almost no accounts less than 9 months old.
For perspective a comparison from around 5 years ago. A very different picture.

I think it would be hard to compare the last 9 months to any other time period. 
Title: Re: Review of my lending club account
Post by: Rob L on September 17, 2020, 10:43:38 AM
Quote
The current chart shows the mass exodus of retail investors. Almost no accounts less than 9 months old.
For perspective a comparison from around 5 years ago. A very different picture.

I think it would be hard to compare the last 9 months to any other time period.

Very true but I miss your point. Once again the Fed has instituted "Zero Interest Rate Policy". The incentives to reach for yield by investors is possibly greater now than ever. That would argue for more rather than fewer LC investor accounts. At any rate the current chart obviously shows the exodus started much longer ago than 9 months and the retail investor base had essentially vanished by then; like smoke in the wind. Lately though I've actually been thinking LC should see an uptick in new retail investors chasing yield. There are very few fixed income alternatives that have a positive real rate of return. We'll see :)

Title: Re: Review of my lending club account
Post by: JDII on September 17, 2020, 10:56:37 AM
Quote
Very true but I miss your point. Once again the Fed has instituted "Zero Interest Rate Policy". The incentives to reach for yield by investors is possibly greater now than ever. That would argue for more rather than fewer LC investor accounts. At any rate the current chart obviously shows the exodus started much longer ago than 9 months and the retail investor base had essentially vanished by then; like smoke in the wind. Lately though I've actually been thinking LC should see an uptick in new retail investors chasing yield. There are very few fixed income alternatives that have a positive real rate of return. We'll see

We will indeed see. My crystal ball is no better than anyone else. We all just try to make the best choices we can.

Your point about the Fed are valid. My point is from March on it becomes hard to compare apples to apples.  There were so many extremes both financially and emotionally in the world. Do the trends you point to continue and if so what does that mean for business? That is the question. 
Title: Re: Review of my lending club account
Post by: AnilG on September 18, 2020, 02:41:50 AM
Couple of years ago, I had the same thought that LC will court retail investors when institutions bail and retail investors will come back when they can't find another attractive alternative (fixed income not generating anything, equity market very volatile).

But, I think retail investor wagon will not arrive at the LC station. Neither LC has any interest in bringing them back, they seem to be focused on getting retail funds through other indirect means such as banking, Nor retail investors are interested in tying up funds for 3-5 years without a way to redeem early.

But as you said, we will see.

Very true but I miss your point. Once again the Fed has instituted "Zero Interest Rate Policy". The incentives to reach for yield by investors is possibly greater now than ever. That would argue for more rather than fewer LC investor accounts. At any rate the current chart obviously shows the exodus started much longer ago than 9 months and the retail investor base had essentially vanished by then; like smoke in the wind. Lately though I've actually been thinking LC should see an uptick in new retail investors chasing yield. There are very few fixed income alternatives that have a positive real rate of return. We'll see :)
Title: Re: Review of my lending club account
Post by: Rob L on September 18, 2020, 11:55:26 AM
Couple of years ago, I had the same thought that LC will court retail investors when institutions bail and retail investors will come back when they can't find another attractive alternative (fixed income not generating anything, equity market very volatile).

But, I think retail investor wagon will not arrive at the LC station. Neither LC has any interest in bringing them back, they seem to be focused on getting retail funds through other indirect means such as banking, Nor retail investors are interested in tying up funds for 3-5 years without a way to redeem early.

But as you said, we will see.

Very true but I miss your point. Once again the Fed has instituted "Zero Interest Rate Policy". The incentives to reach for yield by investors is possibly greater now than ever. That would argue for more rather than fewer LC investor accounts. At any rate the current chart obviously shows the exodus started much longer ago than 9 months and the retail investor base had essentially vanished by then; like smoke in the wind. Lately though I've actually been thinking LC should see an uptick in new retail investors chasing yield. There are very few fixed income alternatives that have a positive real rate of return. We'll see :)

Both your reasons seem quite true. Without the existence of Folio and the liquidity it provided if needed I'm not sure I'd have invested in LC notes in the first place. That was always a very big deal to me. The day Prosper dropped Folio was the day I dropped Prosper. Never bought a single Prosper note after that announcement. When I exited LC I used Folio in a substantial way and worried the entire time it could be lost at a moments notice; particularly after it was bought by Goldman.
Title: Re: Review of my lending club account
Post by: JDII on September 18, 2020, 02:33:48 PM
It is clear there are some people who just don't like Lending Club.  I have to wonder why a thread about my returns draws negative responses about past experiences.

Sorry for anyone who got beat up in the past. Maybe if my returns go down I could joy the party.




Title: Re: Review of my lending club account
Post by: Rob L on September 19, 2020, 11:26:01 AM
There's no correlation between my well earned low opinion of LC and my desire for you or anyone else to do very well with investments there. These are two separate things. I wish nothing but the best for you and apologize if you were offended. It was not my intent. None of my comments were directed towards you or your investment methodology. My posts were only information for your and others consideration to be dealt with as desired. I enjoy reading your reporting. Since I left LC it's about the only information I see regarding how things are going there.
Title: Re: Review of my lending club account
Post by: JDII on September 19, 2020, 03:23:46 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 09.19.20

My annualized return on loans that have paid off is 9.33%.

My Notes at-a-Glance         891

Not Yet Issued                    1
Issued & Current                604
In Grace Period                   4
Fully Paid                          233
Late 16-30                         2
Late 31-120 Days               1
Default                              1
Charged Off                        42
Canceled                            3


Adjusted Net Annualized Return      9.70%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  17.8 months

My notes by grade are:

A  27.60%
B  55.80%
C  12.20%
D  3.30%
E   1.10%


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 66.8/82.

Thanks again for all who helped out in the past.
Title: Re: Review of my lending club account
Post by: JDII on September 26, 2020, 01:00:38 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 09.26.20

My annualized return on loans that have paid off is 9.24%.

My Notes at-a-Glance         899

Not Yet Issued                    7
Issued & Current                603
In Grace Period                   4
Fully Paid                          235
Late 16-30                         3
Late 31-120 Days               1
Default                              1
Charged Off                        42
Canceled                            3


Adjusted Net Annualized Return      9.80%
Net Annualized Return                   11.78%
Weighted Average Age of Portfolio  18.0 months

My notes by grade are:

A  28.60%
B  55.00%
C  12.00%
D  3.30%
E   1.10%


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 66.8/82.

Thanks again for all who helped out in the past.