In the third quarter of 2017, my net worth increased to $812,846 and overall IRR increased to 11.63%. My IRR skyrocket due to a high return on LexShares. This is a reward for taking risks. Warren Buffett once said that as an investor it is wise to be fearful when others are greedy and greedy when others are fearful. I’m bearish on fix and flip funding and bullish on litigation funding. The return on a hard money loan has been declining due to an excess supply of money. I am moving money out while more entrants are flooding the market. The risks and rewards are no longer in favor of investors.

Net Worth: $812,846

Account 2017Q2 2017Q3 Change
Cash $58,154 $333,774 $275,620
Lending Club $41,410 $31,419 $9,991
Direct Lending Income Fund $574,521 $231,441 $343,081
Groundfloor $19,975 $27,040 $7,065
iFunding $100,000 $0 $100,000
LexShares $190,000 $407,500 $217,500
Debt ($324,210) ($218,326) $105,884
Total $659,849 $812,846 $152,997
Key Factors
  • Earned Income
    • Salary: $23,616
    • Bonus: $15,019
    • RSU: $35,383
    • ESPP: $13,891
  • Portfolio Income
    • Lending Club: $186
  • Passive Income
    • Direct Lending Income Fund: $6,919
    • iFunding: $12,860
    • LexShares: $59,295

Internal Rate of Return (IRR): 11.63%

Account Allocation XIRR (TTM) XIRR (TOT)
Lending Club 2.49% (4.72%) 5.00%
Direct Lending Income Fund 34.69% 8.43% 10.13%
Groundfloor 1.73% 6.22% 6.97%
iFunding 0% 16.33% 15.36%
LexShares 61.08% 70.36%
Total 100% 14.68% 11.63%
  • Lending Club account values are based on Adjusted Account Value
  • Started investing with LexShares in March 2017