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RateLadder IRR/ROI Update April 2008 — (2.6%) to 14.37%

Compared to last month with the initiation of the lawsuits…  This was a quiet month.  My worst number Model IRR degraded and my best number Default IRR improved.  I will update quicken as soon as the lender statement become available.


April 2, 2008 | Filed Under Prosper.com, Statistics, Strategy, Tools 

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2 Responses to “RateLadder IRR/ROI Update April 2008 — (2.6%) to 14.37%”

  1. Jonathan on April 5th, 2008

    Maybe it’s just me, but I don’t know what any of these ROI methods mean? They seem to vary dramatically. Maybe a few quick links to definitions? What is in your opinion most applicable?

  2. RateLadder on April 5th, 2008

    Quicken is a simple default only ROI calculation performed by my quicken entry method: http://www.rateladder.com/2007/04/10/adam-nash-merged-with-rateladder-to-form-the-ideal-quicken-solution-without-prosper-integration/

    The IRR is actually 3 related calculations… the Default IRR only counts defaults when they actually default… the Model IRR counts any prinicpal balance that is 1 month late or worse as have a value of $0. and the Average is the average of the 2. I havn’t updated this page is a while but here is the explanations: http://www.rateladder.com/my-prosper-irr/

    Eric (http://www.ericscc.com) and LendingStats (http://www.lendingstats.com) both have ROI calculations that estimate your ROI… I think they both have issues with there projection and they both mean different things…

    As for which one is “THE” right answer I don’t know… I know that the default IRR is the one that applies to my taxes, but it is also the one that ignores the late loans are heading towards default…

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