- My net investable assets increased to $530,141.
- The IRR for the trailing 12 months (TTM) increased to 9.56%.
- I made large profits from trading crude oil futures.
- I moved a large sum of my investment money into DLI Fund this year.
Net Investable Assets: $530,141
|Direct Lending Income Fund||$0||$487,118||$487,118|
My NIA increased by $216k which was $65k more than forecast. The primary source of the asset growth came from short-term trading. 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 have been gradually shifting my asset allocation from Lending Club to DLI Fund as my net annualized return is diminishing. I overestimated performance of the consumer credit asset class. The discrepancy between an actual return and an expected return is more than 5 percent. After almost two years of investing with Lending Club, I figured that it was a high-risk, low-return, high-maintenance, and highly-tax-inefficient investment.
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. The investment performance of DLI Fund is more stable and predictable. I prefer to have investments that would allow me to set it and forget it and sleep well at night.