- My net investable assets increased to $530,141.
- The IRR for the trailing 12 months (TTM) increased to 9.56%.
- I have been gradually shifting my asset allocation from Lending Club to DLI Fund as the return of unsecured consumer credit is diminishing.
Net Investable Assets: $530,141
|Direct Lending Income Fund||$0||$487,118||$487,118|
My NIA increased by $216,864 which was $65,570 more than forecast. The primary source of the asset growth came from short-term trading profits. The volatility in crude oil prices was an excellent opportunity to make a profit. I made massive gains by taking up a short position in the crude oil futures market.
Internal Rate of Return (IRR): 9.56%
|Account||Allocation||XIRR (TTM)||XIRR (TOT)|
|Direct Lending Income Fund||73.25%||10.75%|
I moved a large sum of my investment money into DLI Fund this year. I overestimated performance of unsecured consumer loans. The discrepancy between actual and expected return is more than 5 percent. After almost two years of investing with Lending Club, I figured that it was a low-risk, medium-return, high-maintenance, and highly-tax-inefficient. The performance of DLI Fund is much more stable and predictable. The stock market is a good way to grow wealth over the long term, but I do not want to participate in the daily gyrations of the market. I much prefer to have investments that would allow me to “set it and forget it” and sleep well at night.