Think the best long term solution is Standing Orders. Standing Orders remove any emotion from the decisions as to which loan to invest. You can setup your standing orders and fire and forget. If you standing orders are optimal then you should be able to get into every loan that meets your criteria. Assuming you have enough money. I intend to devote several posts to my standing order strategy, but for now lets just cover the basics.
As I see it the only benefit to manual orders over standing orders is that with manual you can choose when to invest your money. For example, you could choose to invest it only in loan that have less than 1 hour remaining. With automatic funding loans this doesn’t matter quite so much as bidding stops the moment that they are funded. All other criteria other than length of time remaining is available in standing orders. Some future post will be dedicated to calculating the lost interest by having my money tired up in a standing order with multiple days till funding.
I personally use 10 standing orders. 5 for auto-funding loans and 5 for non auto-funding loans. I will dedicate a post to each int he future.
Related Posts -
New Standing Orders Cycling through Non Auto Funding Loans I have just been watching my new standing orders (no adjustments yet). I have $50 that is not in a pending review loan or in loans. The Standing Orders have bid on 3 NAF loans (in the last 3 days) but been out bid each time so far. I might...... - Prosper Standing Order Feature Request Previously I wrote about 3 features I wish prosper standing orders implemented and my new prosper standing order  lending strategy. Having watched closely for a week or so I have decided that I need finer grained control. I have 20 standing orders (4 sets of 5). Each set is tired on......
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New Loan Funded — Help SBA cash injection! Buying the 1st of many franchises! — $25,000 at 17.50% — B Credit — DTI 16% This is the loan that my standing order found last night. Wow that was fast. This loan might be the fastest to go from listing to fully funded listing to verified loan (less than 36 hours.) A new loan funded (Help SBA cash injection! Buying the 1st of many franchises!...... - 3 Standing Order Features Prosper Needs -- Time Remaining Criteria and more I fund loans exclusively through standing orders. (At the moment very tight standing orders.) I like the options and flow of the current standing orders configuration, BUT there are 3 things that Prosper needs to add/change. First and foremost, there needs to be a way to only bid on loans......
- Reconsidering Manual Bids I am unhappy with the recent changes to the auto funding loans. By warning borrowers away from them, there have been none that have match my SO criteria since the Prosper Days Changes. I won't setup SO on non auto funding loans due to the lack of a time left......
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