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.
I am still intriqued and I am eager to see how this plays out.
Ya know, I have an account on Lending Club, but I haven’t touched it. Needed a little validation of the service. I’ll be looking for your updates on this for sure before I decide to make an investment of my own.
I’m with you on this nickel.
I am watching closely.
Thanks for your contributions towards making all of our lives a little easier.
I have young loans as well with a much less risky profile (a & B’s only) and my net annualized return is 12.12%. I wouldn’t put too much weight into that number….yet.