P2P Lending / NFT Lending Forum

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My NAV has risen to over 10%. 

How long will it stay there and how much higher (maybe) can I get it?  Time will tell.

I use LC Picks exclusively as my tool to decide on which loans to invest in.

As of 10.01.20

12 "current" (for lack of a better term)

The situation seems be okay for now.

I have updated the thread regarding my returns:

https://forum.lendacademy.com/index.php/topic,5166.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,5166.0.html

I use LC Picks exclusively as my tool to decide on which loans to invest in.

I attached a screen shot from my account below. It has been going pretty well lately.  My NAV is creepy up toward 10%

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 10.03.20


My annualized return on loans that have paid off is 9.24%.

My Notes at-a-Glance         903

Not Yet Issued                    1
Issued & Current                602
In Grace Period                   5
Fully Paid                          245
Late 16-30                         2
Late 31-120 Days               2
Default                              0
Charged Off                        43
Canceled                            3


Adjusted Net Annualized Return      9.97%
Net Annualized Return                   11.77%
Weighted Average Age of Portfolio  18.0 months

My notes by grade are:

A  29.00%
B  54.74%
C  12.00%
D  3.30%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.8/82.

Thanks again for all who helped out in the past.

As of 08.28.20

11 "current" (for lack of a better term)

I saw a few loans go into Late status this week. Maybe a few that were hardship from the past have moved out of that status into late.

The situation seems be okay for now.

I have updated the thread regarding my returns:

https://forum.lendacademy.com/index.php/topic,5166.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,5166.0.html

I use LC Picks exclusively as my tool to decide on which loans to invest in.

I attached a screen shot from my account below. It has been going pretty well lately.  My NAV is creepy up toward 10%

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 09.26.20

My annualized return on loans that have paid off is 9.24%.

My Notes at-a-Glance         899

Not Yet Issued                    7
Issued & Current                603
In Grace Period                   4
Fully Paid                          235
Late 16-30                         3
Late 31-120 Days               1
Default                              1
Charged Off                        42
Canceled                            3


Adjusted Net Annualized Return      9.80%
Net Annualized Return                   11.78%
Weighted Average Age of Portfolio  18.0 months

My notes by grade are:

A  28.60%
B  55.00%
C  12.00%
D  3.30%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.8/82.

Thanks again for all who helped out in the past.

Thank you so much for your reply, Fred93! I'm 100% positive you're correct regarding the funeral cost. We were all in shock and looking back, we were extremely vulnerable at the funeral home. Balancing sibling's emotions and wishes, the cost of the casket, "real estate", service and headstone, it was a ridiculous total in cost:-(.

As of 08.28.20

12 "current" (for lack of a better term)

The situation seems be okay for now.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 09.19.20

My annualized return on loans that have paid off is 9.33%.

My Notes at-a-Glance         891

Not Yet Issued                    1
Issued & Current                604
In Grace Period                   4
Fully Paid                          233
Late 16-30                         2
Late 31-120 Days               1
Default                              1
Charged Off                        42
Canceled                            3


Adjusted Net Annualized Return      9.70%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  17.8 months

My notes by grade are:

A  27.60%
B  55.80%
C  12.20%
D  3.30%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.8/82.

Thanks again for all who helped out in the past.

There's no correlation between my well earned low opinion of LC and my desire for you or anyone else to do very well with investments there. These are two separate things. I wish nothing but the best for you and apologize if you were offended. It was not my intent. None of my comments were directed towards you or your investment methodology. My posts were only information for your and others consideration to be dealt with as desired. I enjoy reading your reporting. Since I left LC it's about the only information I see regarding how things are going there.

It is clear there are some people who just don't like Lending Club.  I have to wonder why a thread about my returns draws negative responses about past experiences.

Sorry for anyone who got beat up in the past. Maybe if my returns go down I could join the party.

https://forum.lendacademy.com/index.php?topic=5166.msg62109#msg88888888Quote"> from: AnilG on September 18, 2020, 02:41:50 AM

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