My IRR calculation makes several simplifying assumptions. The most negative assumption is that all loans one month late are worthless. In the debt sale, I received over 25% of the principal. My expectation is that my IRR will go up…
My August 1st update had an IRR of 0.57% on an account value of $8,049.28 and late loans totalling $511.26.
After 25 days of August (and the debt sale) my account value was $8,039.84 and I had late loans totalling $331.34. Making my IRR 4.73%.
My IRR calculation increased 4.16%.
This easy to calculate IRR is the best indication of your Prosper success. The one caveat is that since the calculation makes simplifying assumptions, you need to track the result over time.
I am waiting until the 1st of the month to post an official update.
Related Posts -
In Defense of Living Off Dividends Living Off Dividends (aka WealthBuildingLessons (WAB) on Prosper) wrote a guest post on the Prosper Blog: Why I Love Prosper.com. The blog post has generated some heated comments due to one aspect of the post. WAB claimed "over 13% annualized returns". When questioned what his calculation actually was he said......... - Analyzing My Late Loans Here is a quick Prosper portfolio update... Total Account Value: $8,715.32 Cash Invested: $7,692.69 Active Loans: 144 Avg Loan Age Active Loans: 172 Days Avg Rate: 18.52% Avg Credit Grade: B+ Estimated ROI according to EricCC: 10.34% Estimated ROI according to LendingStats: 4.03% Conservative Estimated IRR according to RateLadder: 2.75%......
- #1 by Amount Prosper.com Lender: Pensioner  Ericâs Credit Community has a List of Lenders by Amount Invested. On this list you will find the that the number one investor goes by the name of Pensioner. They have 816K invested with an average interest rate of 26.53% and an ROI according to Eric of 18.74%. I was reading a......
- Prosper Debt Sale In Progress As I mentioned several days ago a debt sale is about to be completed. I have had 3 loans sold so far (I will update this page if more are sold)... B Credit @15.16% interest rate, non-homeowner, sold for 9.54% of principal (borrower had not made a single payment). C......
- Debt Sale Announcement on the Official Forum I was just reading the official forum for the 1st time in a while... There was an interesting note about the debt sale... Apparently, it was just concluded... A few of our members have been asking about debt sales. The timing is driven by the accumulation of a large enough......
Related Websites - Evan By Numbers May 2010 One of the main reasons that I started this blog was to hold myself accountable, since I truly believe that Accountability Leads to Success when dealing with personal finance and me.. it is even in my FIRST post from August 2008 it is right there in the first sentence of published work......
- Three Things All Affiliate Marketers Need To Survive Online Get the complete Money-making system that will take you from a complete beginner to making huge cash online from scratch.No matter how slow the economy gets. Every market that gives the biggest paycheck. From time to time they think it is a magic formula that is effortlessly available for them.......
- Is a Short Sale The Answer? There is a Formula to Whether Your Short Sale will be Approved I have fifteen short sales that I am working on of those fifteen all of the lenders are stating that they need to net a certain amount. I was beginning to think this was an isolated case until......
-
Lending Money at Payday Loans The lenders and payday loans are coming out of the woodworks, and coming in all forms. While many of the lenders offer a few dissimilar loans and agreements, all the lenders have the same goal in mind, i.e. to make profit. Payday lenders have APR or annual interest rates that......
- In Defense of Prosper.com - Other Common Complaints Rebutted (Jonathan at My Money Blog has a very in-depth two part review of Prosper.com. My Money Blog is one of my favorite sites, which is why itâs in my blog roll and feed reader. Itâs worth familiarizing yourself with that article before continuing here with my rebuttals.) Jonathan notes that......
- Rash Guards Wetsuits & Drysuits Sale
- Other Makes Hybrid Cars & Trucks
- Other Makes Hybrid Vehicles
- Retail & General Stores Businesses for Sale Opportunities
- Life Jackets & Preservers Swimwear & Safety Sale
Categories:
Prosper.com, Statistics
Tags:
1 comment so far ↓
[...] current bids where roughly 0.93%-4.83%… I would say that is pretty disappointing… (I received a little over 25% from my 1st loan in a debt [...]
Leave a Comment