Near the end of last week my Prosper account value crossed the 10K milestone.  This is an important milestone as well as signaling a change in funding patterns.

Why is it important? With my bid laddering strategy the most I will ever put into a single loan is $200 (4 $50 bids at various interest rates).  As a general diversification strategy I don’t like have more than 2% of my portfolio in a single loan.  2% of 10K = $200. 

Why does it single a change in funding patterns?  10K is a little over 5% of my investment portfolio.  I find it hard to justify any larger portion than 5% until such times as the returns are proven.  So, while I will continue to reinvest loan proceeds and add all advertising and donation revenue from RateLadder, ProProsper, and P2P No Bank; I will no longer be adding any additional personal funds.

I feel that following my own journey on Prosper as RateLadder has added and will continue to add to the general knowledge of p2p lending.  I am always open to communication (send me an email, leave a comment, etc).  I hope that you are enjoying it as much as I am. 

Even without any additional funds I should be able to make $350+ a month in loans. (a 10K loan at 18% with a 3 year term creates a $362 monthly payment.)

Related posts:

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• New Standing Order Prosper Lending Strategy After some initial flirting with manual bidding I have moved exclusively to standing orders for all my prosper loans.  As I am now in a...
• Prosper.com Crosses 50 Million Dollars in Loans It took from 2/27/06 until 04/05/2007.  Just over one month to go from 40 to 50 million.  The pace is still quickening.   Date: Principal...
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