Comments on: Prosper Update http://livingoffdividends.com/2007/08/23/prosper-update/ Join me on my journey to achieve financial independence through dividends, passive income and investments Tue, 13 Dec 2011 07:31:37 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: fin_indie http://livingoffdividends.com/2007/08/23/prosper-update/comment-page-1/#comment-746 fin_indie Sat, 01 Sep 2007 18:34:00 +0000 http://www.livingoffdividends.com/2007/08/23/prosper-update/#comment-746 I have A-D with the top of my bell curve around C. I'm looking at about 16%, but with one default, I've dropped to about 14% for the year (pro-rated since I've only been in for 8 months.)<br/><br/>I'd be really careful reinvesting from here on out... folks at risk are going to pay their mortgages to keep their homes before paying back your money from Prosper. Prosper risk is so much higher now than it was 6 or 8 months ago. <br/><br/>Be careful out there. I have A-D with the top of my bell curve around C. I’m looking at about 16%, but with one default, I’ve dropped to about 14% for the year (pro-rated since I’ve only been in for 8 months.)

I’d be really careful reinvesting from here on out… folks at risk are going to pay their mortgages to keep their homes before paying back your money from Prosper. Prosper risk is so much higher now than it was 6 or 8 months ago.

Be careful out there.

]]> By: MEG http://livingoffdividends.com/2007/08/23/prosper-update/comment-page-1/#comment-741 MEG Mon, 27 Aug 2007 16:43:00 +0000 http://www.livingoffdividends.com/2007/08/23/prosper-update/#comment-741 I'm glad to see someone else's experience with Prosper. I've been a lender on there for a year and a half now, and I've had similiar experiences. <br/><br/>At first I lent mostly to D, E, and even a few NC's. Since then I've added lots of C's and even a couple of A's and B's. My average interest rate is 23% now, and so far I've had two loans default and 2 others that are currently in collections.<br/><br/>Assuming the two loans in collections default, my annualized return will be just over 5%--right at what I would have gotten in a money market. However, I have been reinvesting in better quality loans, and I haven't had one go to collections in quite awhile. So every month that goes by without a default, my annualized return increases. <br/><br/>Assuming all the loans in collections default, I’m glad to see someone else’s experience with Prosper. I’ve been a lender on there for a year and a half now, and I’ve had similiar experiences.

At first I lent mostly to D, E, and even a few NC’s. Since then I’ve added lots of C’s and even a couple of A’s and B’s. My average interest rate is 23% now, and so far I’ve had two loans default and 2 others that are currently in collections.

Assuming the two loans in collections default, my annualized return will be just over 5%–right at what I would have gotten in a money market. However, I have been reinvesting in better quality loans, and I haven’t had one go to collections in quite awhile. So every month that goes by without a default, my annualized return increases.

Assuming all the loans in collections default,

]]> By: Lazy Man http://livingoffdividends.com/2007/08/23/prosper-update/comment-page-1/#comment-740 Lazy Man Fri, 24 Aug 2007 19:45:00 +0000 http://www.livingoffdividends.com/2007/08/23/prosper-update/#comment-740 I'd be really careful with the D and E loans. They look great at first, but after a few months, they often go south. Look at Prosper's performance chart over the last year and E loans LOST nearly 8% over the last year. AA,A, and B seem to make 9-10%. With a little caution on the those higher grades, I think you have a better shot at getting 13%. I’d be really careful with the D and E loans. They look great at first, but after a few months, they often go south. Look at Prosper’s performance chart over the last year and E loans LOST nearly 8% over the last year. AA,A, and B seem to make 9-10%. With a little caution on the those higher grades, I think you have a better shot at getting 13%.

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