Comments on: New Features to Track & Compare Your Lending Club Performance

By: BeePee

BeePee — Fri, 26 Jun 2009 20:08:19 +0000

I have been enjoying my investment at Lending Club for 15 months
now. One thing I noticed - these return values are a bit optimistic
because they don't account for dead time. During the SEC
registration process, there was quite a bit of dead time - so while
my Net Annualized Return as reported by LC is just over 9%, my
actual annualized return has been 7.3%. This was a special
situation, of course - but anyone who doesn't really stay on top of
reinvesting will suffer some drag on their return relative to the
LC metric due to this. Not that I am complaining about a 7.3%
return!

By: Frank

Frank — Thu, 11 Jun 2009 13:30:33 +0000

The new graphs and web pages are a nice touch. I am still hoping
for some lender type tools/options such, as expanded filters
(select ones I don't want to see), but mostly I would love to see a
lender forum. I think it would strengthen LC and give us a place to
ask both LC and each other questions and pose surveys. As for my
graph... I get my first payment TOMORROW!!!! My summary pages say
11.61 percent. Now we shall how well I choose borrowers that will
pay back ( I'm not worried).

By: GinaP

GinaP — Wed, 10 Jun 2009 15:24:49 +0000

Great job churning out excellent features, Rob and LC team. I love
this new feature, but would also like to see how other lenders are
performing, and what their investment strategies are. For me, I'm
in the 15% percentile, with a solid 7.5% return. I'm very happy
with it since I kept it low risk so far. Perhaps I'll venture into
more C and D loans, but I'd like to see what other lenders are
doing.