Auto Invest Update #1

I'm not done setting up all my AutoInvest stuff yet, however 2 of my 3 accounts are set up: BTCJam and Loanbase.  I thought I would show a screenshot from each and let the picture tell the story.

BTCJam

I started with BTCJam so I thought I would show theirs first.

Jam Auto Invest 3-9

What you don't see here are two things: 1) the term I selected caps out at 6 months so no 12 month loans for me and 2) No loans selected.

There are only 13 active loans listed and most of them are 1 year loans. The resulting fact is that my AutoInvest started on Feb 22nd has ZERO loans in it. So far, so bad.

Loanbase

My Loanbase plan shows some different results.

LB AutoInvest 3-9

This one is moving along a bit more than the Jam program. I did start with a smaller amount here, only 0.35 BTC. However, ALL of it has been invested. In fact, if you look at the last line I already have some profit and some Interest Earned.

I'm not going to lie to you guys, I'm a little surprised that LB has worked so efficiently based on stories I'd heard and anecdotal evidence gathered. Not only that, my 0.0258 Interest Outstanding on 0.35 BTC invested would be a 7.37% return so far. SWEET.

About the author

Stu Stu Lustman, the author of this post, is a Credit Analyst by trade trying to bring Commercial Credit Analysis techniques to the world of Peer to Peer Lending. Check me out on Twitter, LinkedIn and Google+

1 thought on “Auto Invest Update #1

  1. Most of BTCJam loans are now 12-months loan due to the high locked rate on shorter terms. Those who paid higher rate tends to be low rating anyway so loanbase is definitely the better choice. Might want to contact them just like I did so they don’t punish shorter loan takers too much.

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