Here are my current Lending Club results. As of today my return is 10.59% NAR, and I have $7,264.59 invested and almost $1,000 total in interest. I have over 340 active notes. Since my last update, I now have six charged off loans, and currently seven 31-120 days late notes. The increase in defaults obviously decreased my return from the previous 11.31% reported in October 2011.
It’s interesting to note if you look closely at the above screenshot and my previous one, the “compare” link is no longer available. Lending Club removed this feature sometime in mid-December. You no longer can compare your performance to other Lending Club investors. I kind of liked this feature, but I understand it was somewhat flawed. Peter Renton of the Social Lending Network has a post discussing the change in more detail.
For those who care, you can still access the comparison page by entering this URL:
https://www.lendingclub.com/account/lendersPerformance.action
You must be logged in already to be able to view this page. I’m in the 56% Percentile and still above the 9.64% NAR.
Lending Club Refer A Friend Promotion
Get $300 when you start investing with Lending Club. To qualify, you must open an account by selecting the button below and depositing $10,000. See their web site for more terms and conditions.
Portfolio Analyzer
Fellow blogger Nickel Steamroller has a great portfolio analyzer tool.
http://www.nickelsteamroller.com/portfolio
This tool will help determine ROI, which is slightly lower than NAR. In my opinion ROI should be used so you can accurately compare your returns with other investments. The ROI for my portfolio is 8.95%. It also gives the average age of the loans, which in my case is 347 days. The analyzer also gives a recommendations of which notes you should sell or keep.
IJ,
I also added a map tool recently that will allow you see the location of every note you own. Check it out. It make not be “useful” but its a neat way to see how your money is allocated by state and puts a cool spin on the social aspect.
Actually showing the locations on a map is useful for diversification. Not having too many loans in one state IMHO is important.
Potentially. CA dominates the loan market. I stopped lending to CA and FL because they provide low returns. If you want to know how states perform go to http://www.nickelsteamroller.com/lendingclub_overview and click the State tab.
I’m probably just going blind but where’s the “state” tab located on the link page??
Scroll down to the second set of data, let me know if you have trouble still.
I do not invest in any loans from CA or FL.
I don’t lend to many of the southern states (GA, AL, CA) or California.
Well it really sucks for us here in AZ, we are not able to invest in either Lending Club nor Prosper. About the only investment we can do on lending club, here in AZ, is trade notes thru FOLIOfn and I don’t see much of a benefit. I am really dissapointed.
Have you been able to find any alternatives since?
I began investing in LC about 4 years ago. I was aggressive at first and my returns were high in the top 10% without a single default. Lately, even though I have become more conservative with whom I decide to lend my hard earned funds too I have had more and more defaults. I thought Peer to Peer lending was the next great thing! I am no longer investing and am withdrawing funds as I receive them.