December ended what looks like a profitable 2015 for me in my quest for peer lending profits. Let's see how I did.
|12/31/2015||Interest Rec'd||Net Interest||Principal Rec'd||Principal Remaining||ROI|
|Lending Club Loans||33.23||32.52||113.88||2495.49||1.30%|
|High Rate Portfolio on LC||12.74||11.74||34.11||877.9||1.34%|
|Bitcoin loans based on BTC price at month end of $420|
|Platform Only Loans||Amount Lent||Net Interest|
|Amount Invested in Prosper||2500||27.31|
|Amount Invested in LC||3500||44.26|
|Total in the Platforms||9595||110.9|
|Monthly Interest Rate on Loans||1.16%|
We had another month here with profits across all 4 of my portfolios: Bitcoin, Prosper, Lending Club with my regular Credit methodology and my High Rate LC portfolio. Thanks to an early payoff and a low default rate, my best performer is my High Rate Lending Club portfolio this month at 1.34%, which annualizes to 16.08%. Woohoo!!. Even though it was my worst performer this month, my Bitcoin loans still did a 0.96% return or 11.52% annualized (and the price of Bitcoin also increased during this time).
My total portfolio return of 1.16% exceeds my stated goal of 1% and I think my risk is starting to decline as my credit methodologies keep working and my loan selection in Bitcoin is improving.