Lazy man gives a frank and honest assessment of his early days lending on Prosper: Prosper Mistakes I’ve Made.
Personally I took a far more conservative path to my lending strategy and I have done far better with my early loans. I am not saying that I was any smarter about my loan selection, I was simply more cautious (risk averse). My portfolio only just added an E a couple of weeks ago (I have no HR or NC). And the large bulk of my loans are in AA-C.
Related Posts - RateLadder's Desired Lending Club Lender Functionality I believe in index funds and not timing the market. Most of my investments are in low cost market tracking index finds. Sure I have some play money in individual investments... I own Oracle (ORCL) (100 shares for sentimental reasons as my former employer); I own Haier Electronics (via OTC: HRELF) (11,000 shares......
- Get Your Lending Club Loan Documentation Early For a Few Days of Free Money I was reading about LendingClub loans (I forget where, sorry) and I came across the following statement from Lending Club made to a lender on LC. Our loans expire two weeks after posting. This expiration date is the borrowers actual payment date, however some loans will fund early. Here is......
- Top RateLadder Referrers of 3/08 I would like to thank the top RateLadder Blog Referrers of March 2008. Muchas Gracias. The Prosper Blog P2P No Bank Lazy Man and Money Lending Club Blog Prosper Lending Review Prosperous Land Personal Loan Portfolio Blueprint for Financial Prosperity Psychohistory My Money Blog I would also like to thank......
- RateLadder.com will be Presenting at Prosper Days Several days ago I wrote a post entitled Import Prosper.com Listing, Loan, Group, Member Data into Microsoft Sql Server 2000. I also posted a link in the prosper developer forum. I circumvented the main problem with the export (rows too large for Sql Server 2000) and posted a how-to (the previous......
- Adam Nash Merged with RateLadder to form the Ideal Quicken Solution (without Prosper integration) I have found what I think is the most complete solution to the Quicken and Prosper dilemma, but that doesn't mean it is the best solution... Let me start with the negative and work to the positive... The problem with his solution is that it is too much work... I......
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Making Extra Money With P2P Lending Peer to Peer lending is quickly becoming one of the hottest new ways to create multiple streams of income. While there is risk involved, there are various methods that can reduce the risks that individual investors face and provide protection against non-payments. If you're looking for an potential way to...... - Finovate Startup 2009 Live Twitter I am attending Finovate Startup 2009. It is an action packed 1 day format which I belive will lend itself perfectly to a live twitter. Stay tuned it should be an amazing day. http://twitter.com/BlogTrafficExch In the break I have scheduled some talks with SimplFi, Mint, and Calendar Budget. I am......
- Lending Club and Prosper Rate Differential: Opportunity or Not? In my post, "My Foray into Prosper as a P2P Lender," one of my readers (PeerLend.com) introduced me to Lending Club: "In early December [2007], Lending Club opened their (formerly FaceBook users only) lending application to the wider public. They do things a bit differently than Prosper, as they underwrite......
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Lending Club Highlights and Giveaways In my previous post on peer-to-peer lending, I indicated that these networks are not quite ready for prime time yet. One reason was the stability of these companies, which was promptly addressed in the comments section -- specifically, a 3rd party loan servicing agent will service the loans in case...... -
Weight Lost: 46 Pounds in 6 Weeks aka Over 7lbs this Week! After 6 weeks on the medically assisted weightless program JumpStart medicine with Dr. Sean Bourke, I have lost 46 pounds in 45 days (just over a pound a day... Wow!) I highly recommed Jumpstart. I have a special offer for anyone in wanting to try Jumpstart in Redwood City or Mountain View: $25......
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