In the second quarter of 2016, my net worth increased to $526,545 and overall IRR increased to 10.36%. The growth was flat due to a large tax bill. My Lending Club account is being aggressively liquidated as I still carry $80,900 in credit card balance transfers. $81,485 were paid off in the last quarter. It is critical that the balance is repaid in full before the end of the promotional period. However, the May 9th announcement took a toll on notes sales. In the meantime, no-fee balance transfer may be needed to cover upcoming credit card payments. Currently Discover offers 4.99% APR while Citi is at 6.99%.

Net Worth: $526,545

Account 2016Q1 2016Q2 Change
Cash $27,439 $5,267 $22,172
Lending Club $154,690 $83,547 $71,142
Direct Lending Income Fund $500,187 $513,431 $13,243
Groundfloor $5,000 $5,200 $200
Debt ($162,385) ($80,900) $81,485
Total $524,930 $526,545 $1,615
Key Factors
  • Earned Income
    • Salary: $16,558
    • ESPP: $6,799
  • Portfolio Income
    • Lending Club: $1,142
    • Groundfloor: $200
  • Passive Income
    • Direct Lending Income Fund: $13,243
  • Expenses
    • Tax Return: $22,012

Internal Rate of Return (IRR): 10.36%

Account Allocation XIRR (TTM) XIRR (TOT)
Lending Club 13.87% 0.74% 7.33%
Direct Lending Income Fund 85.26% 11.17% 10.92%
Groundfloor 0.86% 18.82%
Total 100% 8.18% 10.36%
  • Lending Club account values are based on Adjusted Account Value
  • Started investing with Groundfloor in March 2016