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re: Anyone dabble with Prosper.com?
Posted on 3/19/13 at 8:58 pm to HBR
Posted on 3/19/13 at 8:58 pm to HBR
quote:
I've done plenty of research on it so if you have any questions, please feel free to ask.
Soooo ... you didn't really start this thread b/c you were curious about Prosper then.
Do you work for them?
quote:
I have nearly $2,500 invested and got a 16.8% return for 2012. Out of nearly 60 loans I've contributed to
This is kinda the big problem I have with small lending schemes like this. Clearly you spent some time picking 60 loans, and all you have to show for it is $420. I made more than that in 2012 in credit card rewards.
Yes, there can be good returns in microcredit lending but is it worth the time?
3
Posted on 3/19/13 at 9:07 pm to foshizzle
quote:
I made more than that in 2012 in credit card rewards.
Posted on 3/19/13 at 9:13 pm to foshizzle
quote:
I made more than that in 2012 in credit card rewards.
$1123 in Debit card rewards
Posted on 3/20/13 at 8:02 am to foshizzle
quote:
Soooo ... you didn't really start this thread b/c you were curious about Prosper then.
Do you work for them?
Actually that's exactly why I started it and no, I don't work for them.
quote:
This is kinda the big problem I have with small lending schemes like this. Clearly you spent some time picking 60 loans, and all you have to show for it is $420. I made more than that in 2012 in credit card rewards.
Yes, there can be good returns in microcredit lending but is it worth the time?
There is an auto invest option that I use. I didn't spend anytime selecting the loans, only a few minutes setting the parameters of the auto invest option.
I agree that it wouldn't be worth the time but this is only a fraction of my investments. I was just curious if anyone else on TD had a prosper.com account.
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