Lending Club Update April 2014 (8.03%)

By | April 9, 2014

I took a look at my lendingclub account. I haven’t checked this since last year and so I was curious on how my returns were. First off, I looked at any notes that were in default. Unfortunately there was one $25 piece note that was late by 4 months. That was a loss to my overall returns but a small loss at that. Despite that, I received an annualized net gain of 8.03% as seen in the screenshot below:

Screen Shot 2014-04-08 at 8.56.12 PM

 

 

And this is a detail of the troubled note currently in default :(:

Screen Shot 2014-04-08 at 8.58.52 PM

Overall, I still recommend lending club as a great way to invest your money safely. Remember to diversify properly and to pick high quality notes. Open a free Lending Club account here

Alternative Investments: How to Get 12% Returns (Or More) Through Peer-to-Peer Lending