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Prosper Update

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I finally found some suitable people to lend my latest bank transfer to Prosper. I currently have about $400 invested at 19.30%. Whenever I lend out my current funds, I transfer over another $100 and try to find a couple more people. Much like laddering short and long term bonds, I should have a steady stream of interest income coming from this in a few years. I just need to focus on reinvesting the interest.

I have to think about moving about $1200 out of a mutual fund that has been under performing for about 10 years now.

Don't forget to read my Prosper Review

Last updated on August 24, 2009.

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P2P Lending

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