This is just a quick note to let everyone know that I made it through the month of June with all of my Lending Club loans intact. This isn’t particularly surprising, as most notes are paid on time when they’re new, regardless of quality.
Taken together, my high and low risk portfolios are providing a net annualized return of 12.68%. While I don’t expect things to remain this rosy forever, I’m certainly pleased with how things are going thus far.
As I noted in my last update, I’ll likely focus on higher quality notes going forward, which will reduce my average interest rate. This should, however, also decrease the likelihood of defaults, thereby bolstering my longer term prospects.