Author Topic: Actually Had a Monthly Gain!  (Read 895 times)

mschoenf

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Actually Had a Monthly Gain!
« on: September 02, 2017, 11:40:48 AM »
+$22 in August net of chargeoffs!  First non-loss month since April for me and only 3rd since Dec. 2016.  Unfortunately, while I've been in investor for some time, I put in a large amount during the "dark times" when underwriting went to hell in early 2016 so that is killing me.  Currently showing 3.55% adjusted return  :(  but hopefully stabilizing.  I'm in drawdown mode myself with maybe an occasionally investment in a note here and there when bored from my filter while I assess if the investment is worth it.  I have come to the conclusion that until the tax issue is fixed and pre-payment risk compensated to the lending with a sharing of origination fees, not going to be a big part of my financial world in the long run.

smihaila

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Re: Actually Had a Monthly Gain!
« Reply #1 on: September 02, 2017, 01:30:50 PM »
3.55% adjusted return? Holy molly, that's high - be glad it's not 0.6% as mine is! (less than what I can get from a savings account with a credit union nowadays).

I'm in withdrawal mode as well (was invested in about 180 notes approx $4,500). LendingClub is going down the drain - will never look back.