I decided to address sale of delinquent loans on Folio first so it may be a while before I address Never Late loans. The blog post is coming along slowly. But it is becoming too long so I need to look into splitting it.
It's the sale of delinquents that I'm interested in. Will be looking forward to your paper but I'm in no rush.
How much did you reduce your investment in LC? 50%? Did you redirect funds to Prosper or just reduced your exposure to marketplace lending overall?
I reduced my LC investment by 40%. My total investment is now about 75% of the cash value I started with.
Said another way, I've reduced my initial cash investment by 55% and left all the profits invested.
Investment continues to drop as I am no longer reinvesting payments received. I hear there are no D's and E's anyway.
FYI, ANAR numbers are:
Primary Notes: 7.80%, weighted average interest rate 17.25%, weighted average age of portfolio
24.6 months
Traded Notes 16.74% on 1347 notes
Combined Return 8.58%.
My plan to move more into Prosper is on hold. Took a look at returns and the past couple of months have been terrible.
Guess I'll wait and see on that one. Maybe I've just had a run of bad luck. Still continuing to reinvest in Prosper.
