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:
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.
Fellow blogger Nickel Steamroller has a great portfolio analyzer tool.
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.