Friday, March 31, 2017
Lending Club Update
This is my first Lending Club update this year and will probably only make the updates quarterly.
At the end of December, I was sitting just under $10,000 in loans and have not made any additional contributions since. As you can see, my balance has climbed to $10,137 during the first quarter of 2017. I am reinvesting all interest payments and if I realize similar returns throughout the year, my ending loan balance will be around $10,500.
This return is lower than I had anticipated, but about what you would expect from a utility stock. Also 5.57% is much better than bank interest for sure. NO FDIC however!!
I've been a little quiet on the dividend investing front and will be making bigger moves in April now that my taxes are done. I'm looking to be around $8500 in forward dividends by May 1!!