
My Lending Club investment returns have been taking a beating lately. Even with a spread of more than 1400 loans across multiple grades, I’m getting burned with -0.3% Annualized Return.
This account funded in the Spring of 2015, so the loans are in their at their 30 month point, a ‘danger zone’ when Lending Club reports most defaults take place.
This account has followed all of the recommended investing ‘rules’ on the Lending Club website – Buy more than 800 loans, spread out your credit risks, etc. After following the Lending Club guidance, all I can state is that the performance is rather unnerving, minus 0.3% Annualized Return: Continue reading →