- My net investable assets increased to $894,549.
- The IRR for the trailing 12 months (TTM) increased to 15.24%.
- I made very concentrated bets in litigation financing.
Net Investable Assets: $894,549
|Direct Lending Income Fund||$792,181||$134,614||$657,567|
The increase was $32,337 more than forecast. This was primarily driven by the litigation finance investments. Overall investment return was lower due to a delayed return of litigation portfolio and large cash drag. I had over $300,000 sitting in my bank for 3 months due to no LexShares offerings. In December, I finally gave up on LexShares and invested all remaining cash in YieldStreet. I will continue doing credit card balance transfers for the next few years.
Internal Rate of Return (IRR): 15.24%
|Account||Allocation||XIRR (TTM)||XIRR (TOT)|
|Direct Lending Income Fund||15.81%||9.06%||10.12%|
My IRR skyrocket due to a high return on LexShares. This is a reward for taking risks. Warren Buffett once said that as an investor it is wise to be “Fearful when others are greedy and greedy when others are fearful.” I’m bearish on fix and flip funding and bullish on litigation funding. The return on a hard money loan has been declining due to an excess supply of money. I am moving money out while more entrants are flooding the market. The risks and rewards are no longer in favor of investors.