Archive for the ‘Prosper’ Category
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Prosper Looking for a P2P Rate of Return Industry Standardization
Last night I had the pleasure of attending a webinar where lots of technical jargon was used to discuss complex mathematical topics. The use of the word pleasure in that last sentence was not an accident. Allow me to explain… When I say that I attended a webinar, I meant to say that I got [...]
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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 [...]
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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 [...]
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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. [...]
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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 [...]
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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 [...]
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Lend Money & Borrow Money
Having been a member of Prosper.com for about 16 months now, I decided to give a round-up of what I’ve learned. I’m going to break this up into three areas: The Reason to Borrow Money – If you have credit card debt that you are trying to pay off, you might be able to borrow [...]
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Prosper Update
It’s been a long time since I’ve made a mention of Prosper.com. The reason is that it hasn’t been performing as I had hoped. I’m putting money into Prosper though one could conclude that I should stop. What’s the cause for the change in my philosophy? Well, I found LendingStats.com which helps you track your [...]
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Prosper Winners and Losers
Personal Finance blogger left a comment during Prosper week. He suggested that: The GIGANTIC WINNER is…Prosper No risk All reward The RUNNER UP is…the Borrower Pool of available lenders where more traditional methods have failed Will always get a better deal than they could have gotten otherwise No pre-payment penalty Variable underwriting process (many loans [...]
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Revealing the Keys to Prosper Success
Earlier this week, I defended the Prosper’s business viability. I spent two posts rebutting the idea that it might not be a good investment. Just yesterday, I discussed the Prosper mistakes I’ve made. Today, I will share with you what I’ve learned. Hopefully 5 minutes from now you’ll be on your way to 14% return [...]
