Every quarter I share my marketplace lending investment returns with the world. I started doing this back in 2011 with just my LendingClub and Prosper accounts. Today, I share my returns from 16 different accounts across a variety of investment vehicles and platforms.
I had at least some slightly good news this past quarter. After 13 consecutive quarters of declining returns I have finally had an uptick, albeit a small one. Of course, I am still not happy with these returns and I want to see a continued increase particularly when interest rates are rising. Given that you can now earn over 3% in an FDIC-insured CD for a three or five year duration I think these unsecured investments need to earn at least 7% to justify the risk we are taking.
Overall Marketplace Lending Return at 4.77%
My trailing 12 month returns for the year ended September 30, 2018 across all my accounts was 4.77% up from 4.46% in my last update. My original six accounts, all with Lending Club and Prosper, also improved over last quarter but are still at a paltry 3.19%.
My newer investments are all performing well with Streetshares still my standout account and the only investment today with returns consistently in the teens. But I am also very happy with AlphaFlow, Money360, Yieldstreet and Fundrise as they are all returning more than 8%.
Now on to the details. Click the table below to see it at full size.