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As of April 1st, I’m enjoying a 10.66% net annualized return on a Lending Club portfolio composed of 270 notes. As you can see from the graphic below, my performance is somewhere near the middle of the pack. I’m okay with that, however, as I’ve been focused on building a relatively low risk portfolio. In fact, 70% of my current portfolio is composed of Grade A and Grade B loans.

It’s been awhile since I’ve provided a Lending Club performance update, so today I’m going to be covering what’s happened in the past two months. As they say, no news is good news…
As of February 1, I’m rocking a 10.23% net annualized return on a portfolio that is currently composed of 233 notes. You can see from the graph below that my performance is currently right around average. I’d be thrilled if this keeps up.

A reader named Jo left an interesting comment in response to my recent Lending Club update.

As October came to a close, things were still going well with my Lending Club investments. The one loan that has gone bad has stayed bad, but everything else is being paid on time.

Guess what? Lending Club has upped the ante this month with a $64.62 signup bonus. This odd amount is in honor of the $6.462B that banks earned last quarter.

As a followup to yesterday’s post about Lending Club reducing their rates for borrowers, I reached out to Rob Garcia, who is the Senior Director of Product Strategy at Lending Club. Here’s what he had to say:

Time for another Lending Club performance update…

Over the weekend, our very own Matt Jabs (FCN contributor and finance blogger extraordinaire) IM’d me to say that he and his wife have applied a loan through Lending Club.

I’m a bit late with this update, but I wanted to get it out there because I’m closing in on one year of lending money through Lending Club and will be doing a big, year-end post sometime soon. As April came to a close, my “net annualized return” (NAR) was 10.65% — not too shabby.