Sharing the details of my returns is one of the regular features on Lend Academy and one that I am quite passionate about. It is also the feature that I get the most emails about – people really like to see actual returns on seasoned investments. I have been investing since 2009 and opening up my accounts for the world to see since Q4 2011.
You can go back and follow my journey from an investment that has grown from $84,000 in Q4 2010 to around $681,000 today. Now, I have added substantially to my initial investments and will continue to do so for the foreseeable future. Eventually, I plan to have a diversified seven-figure portfolio made up of consumer, small business and real estate loans.
Overall P2P Lending Return at 8.72%
Now on to the numbers. Once again my trailing twelve month (TTM) returns have dropped from the previous quarter. While still a respectable 8.72% it is down from 11.30% just a year ago and also down from 9.28% last quarter. This is a trend that has continued for a couple of years now but I expect I am close to the bottom (assuming the economy still keeps chugging along). While declining interest rates and increasing defaults have been the norm for some time now there are signs this trend is coming to an end. The average interest rate on most of my accounts has risen in the past quarter as the platforms have raised rates quite aggressively this year. My six core holdings, those that have been opened the longest, also continued their decline to come in at a TTM return of 8.01%.
Now on to the details. Click the table below to see it at full size.
As you look at the above table you should take note of the following points: [Read more…]