It’s been awhile since I’ve provided a Lending Club performance update, so today I’m going to be covering what’s happened in the past two months. As they say, no news is good news…
As of February 1, I’m rocking a 10.23% net annualized return on a portfolio that is currently composed of 233 notes. You can see from the graph below that my performance is currently right around average. I’d be thrilled if this keeps up.
Regular readers know that I’ve had one default thus far, which was a byproduct of my initial “high risk,” auto-selected portfolio. I’ve had one other loan in that portfolio go late, though that borrower is not on a payment plan and has been meeting their obligations.
In contrast, all of the loans in my “low risk,” auto-selected portfolio are current. The same can be said of my hand-selected portfolio, which is how we’ve invested the bulk of our funds. If you’re curious about how I select notes, check out my Lending Club loan selection criteria.
If you’ve been investing with Lending Club, I’d love to hear the details. How long have you been doing it? How many notes do you have? How do you select them? And how has your performance been?