I try not to get too philosophical when I write, but I couldn’t pass this one up. Over the course of the past month or so (from a week before Christmas to now) I’ve had five notes turn from Current to Grace Period. This is not typical for my account and was a pretty major blow to my Adjusted Net Annualized Return. Although I’m not worried I can’t help to think that maybe some people were overdoing their holiday season.
I’m a pretty frugal person when it comes to money… I try and spend as little as I can so that I can invest as much as possible into my accounts. I know that’s not the typical philosophy shared with my American counterparts, but it’s how I operate and it works for me. This holiday season reminded me of that a little bit when I saw 5 borrowers not able to pay their loan. Now there’s a good chance that this had nothing to do with the time of holidays, but it kept my mind thinking which lead me to this post.
Now my question to you is how did your profile fare through the holiday season? Did you notice any abnormalities in your account? If so I’d love to hear about them.
A lot more non-performing notes in past two months. It brought down my XIRR rate in past two month to about 8% from average 10%
Brian Lohr says
I’d like to track the percentage of performing notes I own as it relates to time to see if there actually is a solid correlation between November/December/January and more notes going late.
Here’s a post on the Lend Academy Forums about December being the worst month.