October saw some good activity in my lending accounts. Of my 7 places where I lend either BTC or USD (counting Lending Club twice for my 2 portfolios there), 6 of them made money although a couple only barely so and only one did I receive no payments although only 2 were due. Let's take a look:
|10/31/2015||Interest Rec'd||Net Interest||Principal Rec'd||Principal Remaining||ROI|
|Lending Club Loans||26.66||25.373||51.48||2825.94||0.90%|
|High Rate Portfolio on LC||21.2||19.76||49.8||957.04||2.06%|
|Bitcoin loans based on BTC price at month end of $312.43|
|Platform Only Loans||Amount Lent||Net Interest|
|Amount Invested in Prosper||2500||27.5|
|Amount Invested in LC||3500||45.133|
|Total in the Platforms||9595||128.863|
|Monthly Interest Rate on Loans||1.34%|
I received some serious Interest payments in BTC this month, however I also got some full and early payoffs so my principal returned to me was higher as well. My one 6 month private loan termed out successfully in September so I'm back to Platform Only lending....for now.
The winner this month on the USD side is my High Rate Lending Club portfolio with a monthly rate of 2.06%. This will NOT last though as I have a late in the 31-120 day period that looks like it will default. I'm seeing very nice steady performance all across the board on my USD loans with returns of 0.90%, 1.21% and 2.06% for my Lending Club and Prosper loans. They just keep chugging along with steady returns.
I know some of you out there only care about my Bitcoin loans so here are my 4 lending accounts in Bitcoin:
|Summary of All BTC Loans|
|Loan||Amt Invested||Payment||Interest Rec'd||Principal Balance||ROI|
My laggard was Bitbond. I only had 2 payments due and they defaulted this month. Thanks to the transparency Bitbond offers, the best in the industry in this area, I'm going to slice and dice their loan data to work on some better filtering. By the way, did you see that I posted over on their blog on what the next 5 years might hold in BTC lending? I'd love to hear what you think.
My leader, far and away is Loanbase. I lent 4 BTC last month to 5 borrowers. This is not recommended until you learn the lay of the land and what can make you money here. You can also follow me as my name there is StuFinancesTech, same as my twitter handle. Overall, I am pretty happy with 1.56% monthly or 18.72% annualized.
When we total all my lending activities, I came in at a solid 1.34% for the month or 16.1% annualized. I'm very happy with these returns and for the risk I am taking (or not taking) to get them.
On To November.....