Hello. I have been reading discussions on this forum for a long time and learning but not contributing, so I want to thank you all for conversing here. Fred93, I think I've read your stuff for the longest. Perhaps I remember your moniker because the funny head shot icon stuck in my memory, but also I think I remember seeing "Fred93" in questions that we used to be able to ask borrowers back in the day, but perhaps my memory is deceiving me. In tech-time, that was eons ago. Others of you have also been helpful. Anyway, I've never had the benefit of actually talking (audibly or in person) to anyone to learn more about online lending, so I've been learning as I go, in part from reading you guys on this forum.
As you all have been so kind to share your Returns page numbers, I'll add to the discussion with one of my accounts (below). I have three. All have been profitable, except no more of those nice double-digits we had in the good ole days :-). In one, I experimented with mostly C loans, $5000 principle, and after two years that is at about 6.4%, which I think is nothing to complain about. Still, I've decided to empty it and shift that amount into secured loans on one of the real estate online lenders. The other two accounts and Prosper I'm keeping, but not adding anything to them.
Figuring ROI has been a challenge for me. I don't know how to XIRR and such, so each month I just take the net, x 12, ÷ the previous month's balance. If I made a deposit, sometimes I subtract the amount of money not yet at work. At the end of the year, I average my monthly ROI to arrive at the yearend. If I made no deposits or withdrawals, then I do it the easiest way with CAGR.
Again, thank you all.
As of 11/6/2017:
Adjusted Net Annualized Return: 7.47%
Weighted Average Interest Rate: 12.86%
Weighted Average Age of Portfolio: 50.6 mos
Number of Notes: 909
Grade
A (1.4%) B (53.7%) C (29.9%)
D (9.2%) E (5.7%) F (0.0%) G (0.0%)
Term
36 (55.3%) 60 (44.7%)
As you all have been so kind to share your Returns page numbers, I'll add to the discussion with one of my accounts (below). I have three. All have been profitable, except no more of those nice double-digits we had in the good ole days :-). In one, I experimented with mostly C loans, $5000 principle, and after two years that is at about 6.4%, which I think is nothing to complain about. Still, I've decided to empty it and shift that amount into secured loans on one of the real estate online lenders. The other two accounts and Prosper I'm keeping, but not adding anything to them.
Figuring ROI has been a challenge for me. I don't know how to XIRR and such, so each month I just take the net, x 12, ÷ the previous month's balance. If I made a deposit, sometimes I subtract the amount of money not yet at work. At the end of the year, I average my monthly ROI to arrive at the yearend. If I made no deposits or withdrawals, then I do it the easiest way with CAGR.
Again, thank you all.
As of 11/6/2017:
Adjusted Net Annualized Return: 7.47%
Weighted Average Interest Rate: 12.86%
Weighted Average Age of Portfolio: 50.6 mos
Number of Notes: 909
Grade
A (1.4%) B (53.7%) C (29.9%)
D (9.2%) E (5.7%) F (0.0%) G (0.0%)
Term
36 (55.3%) 60 (44.7%)