Last loan of my recent batch of Lending Club investment loans has been issued

Overnight the last loan in my latest batch of Lending Club investment loans reached 100% funding and was issued. My new order to reinvest accumulated interest and return of principal in yet another investment loan note is now 47% funded with a little less than seven days to get fully funded.

Meanwhile, my Net Annualized Return has moved up to 15.34%, which puts me up at the 89% percentile with only 11% of Lending Club investors earning a higher return than me. I'd like to get that up into the low 90's. I have a total of 52 notes, plus the new one from yesterday that is still in funding.

Even with this doubling of my total portfolio size, my Lending Club investment is still a modest size experiment. Even doubled again it would still be modest size. If all goes according to plan (not that I actually have a plan), by the end of the year I should finally have a real investment in Lending Club loans.

My goal continues to be a 15% return, but I figure I need a little buffer so that repayments (and maybe even defaults) don't push me below my goal too frequently. I may in fact keep pushing upwards with loans in the 16% to 18% range until I get my return up to 16% and then gradually work the average back to 15.5%.

So far, my Lending Club portfolio has been perfect, with no delinquencies or even late payments. I started investing with Lending Club back in June 2009.

This is still just an experiment for me since I have no prior experience with this type of investment, but so far in has been very encouraging. I intend to double the size of the experiment in June or July (assuming my work income continues.)

-- Jack Krupansky