Lending Club – February 2013 Update

Each month, I plan on updating my Lending Club investments in both my taxable and Roth IRA accounts. In the last month, I have continued to invest my $10,000 rollover contribution in my IRA account and work to become fully invested in notes.

Roth IRA Account:

Lending Club - Roth IRA

As you can see, I am just under 60% invested, with another $1,250 in funding. My goal is to have all of the money invested by the end of April. During February, I earned $39.14 of interest in my Roth IRA account and my internal rate of return, using Excel’s XIRR function, has increased from 1.92% to 2.82%.

Taxable Account:

Lending Club - Taxable

In my taxable account, I have $175 of notes in funding as I had decided to continue reinvesting the available cash and keep the account open. During February, I earned $12.01 of interest in my taxable account and my internal rate of return, using Excel’s XIRR function, has increased from 10.22% to 10.32%.

All told, it was a good month for my Lending Club accounts; I fully expect with my risk profile, that once the IRA is fully funded, I will see loans start to sour.

I have updated my Lending Club page with this information. Please note when tracking my balance and return, I do not include the accrued interest in the account total. Additionally, the interest reported is interest received net of fees, charge-offs, and defaults.

How did your peer-to-peer lending investments do in February?

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