One of the most popular features on Lend Academy is my quarterly return updates. I provide everyone with a look inside my own personal portfolios and share exactly how they are doing. I am committed to maintaining this transparency because I know that investment return is what interests most readers.
Before I get started I want to point out one thing for some of our newer readers. My six main accounts have been established a long time. My main Lending Club account is approaching five years old now and at Prosper it is almost four years old. These accounts are mature and have suffered hundreds of defaults. The returns are now relatively stable as you can see if you compare the results to my previous returns.
Overall P2P Lending Return Now at 12.44%
Long time readers will notice something different in the table below. I have included my six regular accounts at Lending Club and Prosper but there are two new line items that have not been included before. I opened my first IRA account at Prosper in February with a $50,000 rollover. That account was around 70% invested by the end of March. Also, for the first time I have included my investment in the Direct Lending Income Fund (profiled here). It has been almost a year since I opened that account and it has been performing very well and I am including it here to give readers a more complete picture of my p2p lending investments.
I am separating out these two new investments so readers can see the overall impact they have. Interestingly, my overall return on my six main accounts has remained very steady since my fourth quarter update – it is at 11.87% now up from 11.85% in December. The Direct Lending Income Fund is the only reason my returns have increased to 12.44%.
Here are a few points to keep in mind as you are looking at the above table. [Read more…]