I blinked for a second and all of a sudden, the entire summer has gone by, from all the conferences and Peer Lending/FinTech/Bitcoin activity, of which there has been much, and all the reporting in these areas going on that I've been fortunate to be a part of, yet I am missing some portfolio reporting.
Especially given some of the 'new normal' from the Bitcoin lending sites, its more important than ever to have great filtering in place and to measure what is working and what isn't so now I will present to you my August Portfolio Report.
Here is the chart with breakdown by loan type:
|8/30/2015||Interest Rec'd||Net Interest||Principal Rec'd||Principal Remaining||ROI|
|Lending Club Loans||28||25.03||56.55||2762.9||0.91%|
|High Rate Portfolio on LC||13.37||12.38||10.69||1083.02||1.14%|
|Bitcoin loans based on BTC price at month end of $230.02|
|Platform Only Loans||Amount Lent||Net Interest|
|Amount Invested in Prosper||2500||32.3|
|Amount Invested in LC||3500||37.41|
|Total in the Platforms||8876.74||102.71|
|Monthly Interest Rate on Loans||1.16%|
All my loan types made money this month, led by my final payment on my small equipment loan to an old client coming in at a hair over 3%. My Bitcoin loans have benefited from a combination of better and fewer loan selection. In fact, I only have 6 active loans on Jam, 6 on BLC and 5 on Bitbond. It seems that better and fewer worked this month as all 3 BTC platforms came in the money, a big feat in a 20% default environment like I reported on previously. My USD loans did well too with 0.91% on my regular LC portfolio, 1.14% on my high rate LC portfolio and 1.22% on my Prosper portfolio.
Overall, this is a great steady and consistent performance across all loan categories. I'm very pleased.
In order to compare apples to apples with all of you, I have a section where I only look at my platform loans. You could take what you learn here and make private loans too like I do. That isn't reasonable to expect so I separate those out here. My platform only loans came in at 1.16% this month, annualized to 13.88%, a great return that I'm very happy with.
Bitcoin Only Loans
For those curious about my Bitcoin only loans, you can check those out here:
|Summary of All BTC Loans|
|Loan||Amt Invested||Payment||Interest Rec'd||Principal Balance||ROI|
I have loans on 4 platforms and these are all listed in BTC. All my BTC platforms made money. This is a great accomplishment in this current environment. As you can see, BLC BitLendingClub had my best performance this month from 6 loans. Bitbonds (BB) and BitFinex (BFX) came in tied for 2nd with Jam still in the positive but coming in 4th.
Will I add more to Bitbond? Maybe. Will I take some out from Jam? I'm not sure.
August had a better more consistent result than I was expecting and I'm hopeful that I can keep it going and report on how I'm doing it to show all of you how you can as well.