Author Topic: Worst Month Yet  (Read 160750 times)

Rob L

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Re: Worst Month Yet
« Reply #585 on: January 04, 2019, 04:14:35 PM »
At the end of June projected run off to $7k outstanding principal at year end. Actual; $6,941.40.
Darn close.



A new scale for the New Year:





rawraw

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Re: Worst Month Yet
« Reply #586 on: January 04, 2019, 08:27:21 PM »
The predictability of your curve is a nice feature of this asset class.

Rob L

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Re: Worst Month Yet
« Reply #587 on: March 04, 2019, 07:16:14 PM »
Here's an update for February 2019. A bit more principal returned than expected; not a bad thing!
Maybe I'll be able to close out sooner than expected. We are getting down to very small amounts of principal invested.



lascott

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Re: Worst Month Yet
« Reply #588 on: March 04, 2019, 10:21:13 PM »
A bit more principal returned than expected
Do you consider this to be loans being paid back and recoveries (-  rec_fees)?

My recoveries are still pretty high. Glad they are still being aggressive with this (hopefully the majority are against bad actors).



I like being above zero!

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Rob L

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Re: Worst Month Yet
« Reply #589 on: March 05, 2019, 11:28:27 AM »
Well this is pretty interesting and seems to support your theory that LC has become more aggressive.
There are probably other factors in play here too possibly involving my portfolio runoff and decreasing principal outstanding.
I dunno. Whatever the reason it's welcomed.



Andrewgupta

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Re: Worst Month Yet
« Reply #590 on: June 03, 2019, 02:58:42 PM »
Yep, you are near the tipping point.

It will be rare for you to have negative monthly portfolio return with these loans mcdvoice unless you stopped lending cash in the account.

Background; my portfolio's weighted average age was maybe 15 months this past January and is approaching 18 months now.
Maybe I should just consider myself lucky that I at least made a profit.
Eyah totally agree with that. Didn't read all post but saw point in this
« Last Edit: June 16, 2019, 01:08:17 PM by Andrewgupta »

Rob L

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Re: Worst Month Yet
« Reply #591 on: July 06, 2019, 02:35:43 PM »
Mid-year report on my runoff; not quite under $2k. Slightly ahead of projection though (a good thing)  :)



WES

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Re: Worst Month Yet
« Reply #592 on: July 06, 2019, 04:24:40 PM »
Nice! This week my account is finally down to under 100 notes, and the balance is less than $700. I should be all done by early 2020.  :)

Rob L

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Re: Worst Month Yet
« Reply #593 on: July 07, 2019, 03:01:19 PM »
Nice! This week my account is finally down to under 100 notes, and the balance is less than $700. I should be all done by early 2020.  :)

Congrats!!