I've written a lot about my experience as a lender on Prosper. Since I first started, Prosper has made huge improvements in their interface and their ability to properly vet potential borrowers. Default rates have dropped and current investors in low risk loans seem pleased with their returns in the high single digits (Interested in …
I joined Prosper.com (a sponsor of this site) in May, 2006. This was about a week before I became a parent and about the same time Osama was moving into his new home. I say this because I would love to blame my joining on pregnancy brain or some terrorist plot. However, as in so many …
Today Pfizer (PFE) was below 20 so I tried to pick up 100 shares at 19.50. Prosper has been anything but prosperous lately as 2 of my new loans (a D and an HR) have gone late. Idiot dummy ***bangs head on wall*** Why do I keep doing this to myself? So what if they …
I know I said I’d be back with a Prosper update in about a month once I received enough in payments to fund a new loan. Well, here I am 11 days later with enough cash to bid again thanks to some of my debtors paying down large chunks of their loan early (including an …
Those who recall my last Prosper post know that I’ve had an up and down relationship with the site and its borrowers. I’m happy to say that in the past year, I’ve participated in the funding of 12 loans, and none of them have defaulted. In fact, I can’t recall any of them being late …
Prosper.com – A Year of Peace and a New Loan (1st in a series) Read More »
I have been a lender on Prosper since June 2006. Prosper itself has been around since about October of 2005. When I started, there were about 48,000 members. Today, there are almost 700,000. I think my joining when I did would probably qualify me as an early adopter. During this time, there were few accurate …
