Lending Club Update

I’ve invested $5199 in Lending Club loans so far.  The account value currently stands at $5,415.31 (adjusted down from $5497.04).

$1063.13 in payments.

$686.80 in principal

$376.17 in interest.

$70 was written off for 2015 for 3 charged off loans.

The current markdown is $81.73 from 2 in grace period and 4 31-120 days.

so let’s call the losses $150 so far.

That’s $226 on $3199.  Really 7.1%.  If I’m taxed at my normal 38% rate, that drops to 5% after adding in the tax savings from the chargeoffs.  Bleh.  They’re advertising 9.97%, on the logged in home page, which is apparently horse shit.

That’s pretty discouraging.  It’s like fuck – how am I supposed to make money.  The money I’ve invested through an advisor has done horribly.  The money I’ve invested w/ Lending Club is basically just keeping up with inflation.  More motivation to start a business instead of wasting time with this bullshit.

Apparently $39338 was my total savings for 2015.  Below the $48k I wanted :-(.  I should go back and square that with whatever I calculated earlier.

I just wanted to capture this

While it still looks good, before the market turns down again.

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Interesting side note:  the value of my portfolio changes on Saturday because the underlying mutual funds are priced once a day, and Friday’s activity isn’t taken into account until midnight or something.

Okay, so given that February will give me like +$6000 net worth, in theory, then I should have like $395k max (I think the market will drop.  Then, in theory, at the end of March, I could have > $400k!  I think it’s likely the market will drop more, so I might be hanging out in this $390k zone for longer than I’d like.

My behavioral graph:

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So December/January is a little turbulent in terms of transfers, but in terms of rate per time, it’s pretty good.

Screen Shot 2016-01-30 at 10.59.54 PM.png

Averaging $5418/month.  About 70%.

What is my car spending per year?

The Man Who Gets His Cars for Free

$575/month

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Depreciation is fair.  Taxes and fees seem fair.  Financing doesn’t apply to me.  Fuel applies… I budget $100/month ($6000).  I probably use less than that.  Insurance, I pay about $600 a year I think?  So that’s about right.  Maintenance seems high… over $1000 a year?  Repairs aren’t high, but only because my car has been broken into so many times…

So, overall. fuel is high, finances is high, and maintenance is high.  Other than that it’s about right.  We’ll say maybe I paid $25k… $5k / year.  Given, I think the depreciation in 5 years was a lot more than $5k, so there’s that.  More like $416/month.