Sunday, November 10, 2013
Wow, time flies. Without further ado: The Peer Lending Advisors Returns for September and October:
September return: 12.0%October return: 13.1%
Returns continue to remain strong. Over the past few months we’ve continued the run-off loans purchased on the secondary market and continue to ramp up purchases of new loans. Our portfolio has become more heavily weighted toward newer loans, which have a different charge-off curve than seasoned loans. Additionally, the mix of our portfolio has begun to shift to more loans invested in Prosper. While our portfolio continues to be made up primarily of Lending Club loans, we anticipate the trend of more investments in Prosper to continue, as the automated investing tools enable faster confirmations, and we’ve noticed a substantial increase in loan volume. Please note that past performance is not a guarantee of future results.
- One risk we see on the horizon is the impact of the slowing housing market. While Peer Lending Advisors has stayed away from borrowers in the banking and construction industry, the impact of the slowdown of housing and housing remodeling due to various factors including the government shutdown, debt ceiling, and conforming loan limits will drive some loans bad. We expect the short-term impact on our portfolio to be minimal, and we remain cautious long-term.
Interested in how Peer Lending Advisors can help your portfolio? Drop us a line:
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