Tes Accounts Update Week 8

Tough closing days for the market. The S&P 500 index finished down 1.6% for the week. Betterment matched the S&P 500 at -1.6% Wealthfront was slightly worse at -1.8%. Folio Investing was better at -0.9%. There were a couple of Ready To Go (RTG) folios that were positive for the week, led by Biotechnology gaining 2.5%.

We have 334 notes in Lending Club, including 8 still in review, and my first entering the grace period. The borrower has missed the first payment. It was one of the riskier loans with an interest rate of 23%. It could end up being the first bad note which ultimately would lead to a loss of $25. Meanwhile, the account grows daily with payments being received. The account showed a 0.3% increase last week.

I’m not sure what topic I’ll cover in my mid-week post. Follow me on twitter at @billlanke and I’ll let you know when the post is made.

W/E	S&P 500	BTRMNT	WLTFRNT	FOLIO	LND CLB
16-Jan	-1.2%	0.0%	0.4%	-0.2%	0.0%
23-Jan	1.6%	1.1%	0.7%	2.0%	0.0%
30-Jan	-2.8%	-1.5%	-0.9%	-2.0%	0.0%
6-Feb	3.0%	1.0%	1.0%	0.9%	0.0%
14-Feb	2.0%	1.0%	0.8%	1.8%	0.0%
21-Feb	0.6%	0.6%	0.4%	0.5%	0.0%
28-Feb	-0.3%	0.2%	0.2%	0.3%	0.7%
6-Mar	-1.6%	-1.6%	-1.8%	-0.9%	0.3%