received my first interest payment today. i am now $0.31 richer
i set up filters that are
similar to the ones this guy is using, but with a bit more risk tolerance. i was pretty aggressive about manually investing all $5k up front (checking for new loans that fit my filters at 8:00 AM, 12:00 PM, and 4:00 PM), once i had all $5k invested i set up automated investing with my modified "high income" filter and a target allocation of 25% each of D, E, F, and G loans.
so far the biggest hassle is notes that don't issue for whatever reason. a surprising amount of notes i initially invested in didn't issue. i had hoped to let automated investing do its thing, but my filters are pretty selective so it can take a while to fill orders. if i get impatient or bored i will go browse loans and just pick some to invest in using any of the four filters.
i'm currently at 148 notes "issued & current" with another 52 not yet issued. current allocation is:
20.50% C
29.99% D
33.50% E
13.50% F
2.50% G
most of that C is due to using the "simple" filter up front, and then my own impatience and irritation at the notes that didn't issue. according to lending club my historical returns range is 7.36% - 11.40%. my allocation should shift more towards F/G as i allow automated investing to take over (it won't invest in a note if you're over your target allocation in that category).
so far it has been an interesting time waste that will perhaps generate decent returns.
