I (like many Prosper practitioners) have been following the exploits of one pensioner (click to see his portfolio). To date he has invested over three quarters of a million dollars.  Needless to say this guy believes in the law of large numbers.

BloggingAwayDebt has a prosper loan as a borrower and recently interviewed Pensioner: http://www.bloggingawaydebt.com/2007/01/would-you-lend-750000-to-complete-strangers-this-man-has/.

I would like to point out that even through he claims he isn’t diversified he has at most 25,000/750,000 ~ 3.33% of his portfolio in a single loan.  The standard advice for money runners is no investment more than 2%, so he is pretty diversified.   

What a great read.

 

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