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I have been on Lending Club since Dec 2008.
Since 2008, I have had the following net account performance (after loan sales and transaction fees):
2009: 7.7% return. One month with a losing record.
2010: 9.5% return. Zero months with a loss.
2011: 11.0% return. Zero months with a loss.
2012 thru 30 Sep: 9.6% return. Zero months with a loss.
I personally believe that I have not lost money in Lending Club because I do not hold loans until default. Instead, I sell the loans at a discount in the first two weeks of loan delinquencies.
Since 2008, I have had the following net account performance (after loan sales and transaction fees):
2009: 7.7% return. One month with a losing record.
2010: 9.5% return. Zero months with a loss.
2011: 11.0% return. Zero months with a loss.
2012 thru 30 Sep: 9.6% return. Zero months with a loss.
I personally believe that I have not lost money in Lending Club because I do not hold loans until default. Instead, I sell the loans at a discount in the first two weeks of loan delinquencies.
