Comments on: How Not To Bid On Prosper http://livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/ Join me on my journey to achieve financial independence through dividends, passive income and investments Tue, 16 Mar 2010 21:22:11 -0700 http://wordpress.org/?v=2.8.1 hourly 1 By: mothandrust http://livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/comment-page-1/#comment-13962 mothandrust Tue, 02 Sep 2008 16:22:38 +0000 http://www.livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/#comment-13962 I'm a Prosper lender (regrettably) and use http://www.ericscc.com/tools/prosper-lender-list to monitor how I and other lenders are doing. Looking at lenders with $2000+ invested in 20+ loans with an average loan age of 365+ days I see there are about 3900 lenders so situated. Ericscc estimates that only 19 of these lenders will have returns above 10%, and ZERO will have returns about 15%. The median return is -0.16%, and keep in mind that these are 3 year loans. Prosper does not reward lenders for the risks involved (1/3 of loans originated on Prosper are late in their payments or defaulted). I suggest reading the posts on the forums on www.prospers.org if you have made (or are considering making) any Prospeculations. I’m a Prosper lender (regrettably) and use

http://www.ericscc.com/tools/prosper-lender-list

to monitor how I and other lenders are doing. Looking at lenders with $2000+ invested in 20+ loans with an average loan age of 365+ days I see there are about 3900 lenders so situated.

Ericscc estimates that only 19 of these lenders will have returns above 10%, and ZERO will have returns about 15%.

The median return is -0.16%, and keep in mind that these are 3 year loans.

Prosper does not reward lenders for the risks involved (1/3 of loans originated on Prosper are late in their payments or defaulted).

I suggest reading the posts on the forums on http://www.prospers.org if you have made (or are considering making) any Prospeculations.

]]> By: Why I Love Prosper.com http://livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/comment-page-1/#comment-4775 Why I Love Prosper.com Tue, 25 Mar 2008 14:55:42 +0000 http://www.livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/#comment-4775 [...] bidding on loans on Prosper.com is not without risk, my overall experience (and investment returns) have been quite positive. I’ve been investing for [...] [...] bidding on loans on Prosper.com is not without risk, my overall experience (and investment returns) have been quite positive. I’ve been investing for [...]

]]> By: DotMakeMoney » DotMakeMoney Blog Carnival 1 http://livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/comment-page-1/#comment-3076 DotMakeMoney » DotMakeMoney Blog Carnival 1 Mon, 11 Feb 2008 15:56:36 +0000 http://www.livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/#comment-3076 [...] OFF DIVIDENDS presents How Not To Bid On Prosper posted at LIVING OFF DIVIDENDS, saying, “How to avoid getting sucked into a losing investment [...] [...] OFF DIVIDENDS presents How Not To Bid On Prosper posted at LIVING OFF DIVIDENDS, saying, “How to avoid getting sucked into a losing investment [...]

]]> By: Michael Bigley http://livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/comment-page-1/#comment-3023 Michael Bigley Sun, 10 Feb 2008 06:13:37 +0000 http://www.livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/#comment-3023 I was curious about how much you fellow investors place into a Prosper portfolio as it relates to your whole portfolio. I like the idea of diversity, which I am dollar cost averaging into some other asset classes that have capital appreciation potential as well as income generating potential. I'm intruiged by the website and its premise and would like to be involved, and from just personally looking at the site and the system I was thinking I may try dollar cost averaging somewhere around 5 to 10 percent of my total portfolio into something like this. Does this seem high to you all? I guess I would expect to generate from 8 to 10 percent return from this portion. Are those of you that utilize Prosper achieving those types of returns? I understand that you can 'climb' the risk ladder on Prosper and achieve higher rates of return, but with substantially greater risk. Another quick question, I have noticed they have 'portfolios' that they will allow you to place money into i.e. a 'A rated', 'AA rated, 'B rates' with different rates of return based on the risk of the lending. Do any of you utilize these model portfolios or do you prefer to attempt to assess the risk yourselves. I am fairly young only 37, and have a fairly small overall portfolio of investments, about 150,000 right now, but am adding monthly to the principle and attempting to grow the principle through monthly income strategies linked with capital appreciation strategies. Thanks for your time and I appreciate the feedback in advance. I enjoy the informative posts and ideas for passive income strategies that everyone contributes here. I was curious about how much you fellow investors place into a Prosper portfolio as it relates to your whole portfolio. I like the idea of diversity, which I am dollar cost averaging into some other asset classes that have capital appreciation potential as well as income generating potential. I’m intruiged by the website and its premise and would like to be involved, and from just personally looking at the site and the system I was thinking I may try dollar cost averaging somewhere around 5 to 10 percent of my total portfolio into something like this. Does this seem high to you all? I guess I would expect to generate from 8 to 10 percent return from this portion. Are those of you that utilize Prosper achieving those types of returns? I understand that you can ‘climb’ the risk ladder on Prosper and achieve higher rates of return, but with substantially greater risk. Another quick question, I have noticed they have ‘portfolios’ that they will allow you to place money into i.e. a ‘A rated’, ‘AA rated, ‘B rates’ with different rates of return based on the risk of the lending. Do any of you utilize these model portfolios or do you prefer to attempt to assess the risk yourselves. I am fairly young only 37, and have a fairly small overall portfolio of investments, about 150,000 right now, but am adding monthly to the principle and attempting to grow the principle through monthly income strategies linked with capital appreciation strategies. Thanks for your time and I appreciate the feedback in advance. I enjoy the informative posts and ideas for passive income strategies that everyone contributes here.

]]> By: Making REAL Money Blog http://livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/comment-page-1/#comment-2993 Making REAL Money Blog Sat, 09 Feb 2008 06:07:43 +0000 http://www.livingoffdividends.com/2008/01/30/how-not-to-bid-on-prosper/#comment-2993 <strong>12th Edition of the Carnival of Making Real Money February 10th, 2008...</strong> Welcome to the February 10, 2008 edition of carnival of making real money. // //]]> Recommended Ed Rivis presents More Content = More Sales. posted at Ed Rivis. He comments on how websites tend to focus on the companies themselves rather than the... 12th Edition of the Carnival of Making Real Money February 10th, 2008…

Welcome to the February 10, 2008 edition of carnival of making real money.
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Ed Rivis presents More Content = More Sales. posted at Ed Rivis. He comments on how websites tend to focus on the companies themselves rather than the…

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