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Topics - dmcnic

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Investors - LC / October 2016 Statement Results
« on: November 05, 2016, 10:19:14 AM »
With the release of my October 2016 Monthly Statement, I was able to calculate the XIRR of my portfolio. Here are the necessary context numbers:

Percent Invested: 45% (I've been a member for four months and slowly getting invested).

Grade Composition:
A: 45%
B: 19%
C: 21%
D: 5%
E: 10%
F: 0%
G: 0%

Status Composition:
Current: 92%
IGP: 2%
Late: 6%

October 2016 XIRR: 4.80%

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Introductions / Joined the Forum
« on: November 01, 2016, 10:18:03 PM »
I've been investing in Lending Club for the past four months. I decided to join after the leadership crisis because the company had their ethics moment and would come out the other side with a stronger sense of providing a good product. I've seen it before and had good luck in the equity market once the initial fervor dies down.

I reached the point where I felt some confidence in the primary and secondary markets and wanted to automate my purchase strategy. I'm an okay Python programmer and was able to construct the code necessary to download and analyze loans on the secondary market. I found this forum with a Google search which provided some guidance regarding the API to make purchases. In spending some time on the forum, I have been impressed with the analysis and clarity of some people who are very regular posters.

I hope to add in my own experiences and help those new to the Lending Club platform on the forums here.

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