Archive for the ‘Prosper’ Category
-
Two Monday Thoughts About Prosper
If you’ve spent any time in the archives or if you are a long time reader, you’ll know that I used to write about Prosper.com quite often. I’ve since taken this blog in a more general finance direction. However, I find that I need to continue to cover the peer-to-peer lending space since it’s quite possibly the most new and exciting thing to hit personal finance in some time.
First up, Prosper launched their own blog last week. I had the opportunity to talk with their Chief Marketing Officer more than six months and made this suggestion. […] -
New Features make Lending on Prosper Better than Ever
Prosper.com released a few new features recently. These features might be interesting to all lenders or potential lenders. Here’s a run down on some of the new features and how they could affect Prosper’s peer-to-peer lending market.
Portfolio Plans - Prosper now provides an automated method to bid on set portfolios. You can choose from 4 model portfolios that range from conservative (estimated return of 8.37%) to aggressive (estimated return of 11.06%). Prosper uses data from over a year of loans to determine the estimated return. I’m not sure if that sample size is large enough […] -
Stopping My Prosper Contributions
For a large part of this year, I have been regularly adding money to my Prosper account. I’ve enjoyed lending money to other people and I think I’ve done fairly well making money. I stress the “think” because it can be difficult to quantify exactly. On average, I seem to be making around 7% there. I would be doing much better if I didn’t make some poor decisions early on taking on too much risk.
So why am I stopping my contributions? I looked at my 401k contributions for this year, and though I’ve stepped it […] -
Prosper Beats the S&P 500?
“Prosper beats the S&P 500” - That’s the subject heading from an e-mail that appeared in my in box last night. If that surprises you it probably should. It surprised me and I support the company more than most people. However, there’s a graph and everything so it must be true, right?
I looked a little more into where the graph numbers come from. For some reason they decided to compare the average return of the S&P 500 over the last two years (from 8/16/05 to 8/16/07). It’s worth noting that the S&P was at a […] -
I am a Monkey
I didn’t intend to write about this today. I had a great post in my head about retirement that I think many of you would have enjoyed. I also had one about the value of a dollar that I think will make you think. Perhaps I’ll write these next week, but today I’ve got a confession to make. I am a monkey.
You might wonder how a monkey has run this website for the past year. Well, I can prove that I’m a monkey with these three reasons
1) I am very hairy
2) Monkeys and I have about 97% of the same […]
