- 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|
The increase was $65,570 more than forecast. This was primarily driven by trading profit.
Internal Rate of Return (IRR): 9.56%
|Account||Allocation||XIRR (TTM)||XIRR (TOT)|
|Direct Lending Income Fund||73.25%||10.75%|
I moved a majority investment from Lending Club to 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. I much prefer the “Set It and Forget It” approach with DLI Fund.