Author Topic: Better returns: LC or Prosper?  (Read 3416 times)

brother7

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Better returns: LC or Prosper?
« on: March 17, 2016, 10:16:37 PM »
For those with accounts on both platforms
1. Which platform has given you the better returns?
2. Which platform will you add new funds to?

RaymondG

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Re: Better returns: LC or Prosper?
« Reply #1 on: March 17, 2016, 10:51:56 PM »
I would add new fund to LC.  17912 posts in "Investors-LC" is far more than 2188 posts in "Investors-P".  ;)

rawraw

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Better returns: LC or Prosper?
« Reply #2 on: March 19, 2016, 09:07:32 PM »
I don't trust Prosper as much as LC . Returns are only a piece of it. I'm a sole lending Club guy and think this forum heavily tilts that way

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.Ryan.

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Re: Better returns: LC or Prosper?
« Reply #3 on: March 20, 2016, 12:55:17 PM »
I've got funds in both, and my rate of return on Prosper is roughly a percentage higher than LC.

That being said, I am investing more heavily in LC than Prosper moving forward. I do consider P2P lending as having a certain amount of platform risk, and LC being a public company at least gives me some insight into the health of their business.

Fred93

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Re: Better returns: LC or Prosper?
« Reply #4 on: March 20, 2016, 02:43:27 PM »
I get better returns at LC.

Note that LC and Prosper use a different formula to calculate returns.  Prosper shows a higher number, but when I calculate my own returns, LC comes out higher.

I have much more money invested at LC than Prosper.  Because P has so much lower volume, I have difficulty getting enough loans at P so additional investment is very slow.  New money therefore tends to go to LC.

AnilG

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Re: Better returns: LC or Prosper?
« Reply #5 on: March 20, 2016, 03:04:50 PM »
Returns on my Prosper accounts are much better than on LC accounts. I am no longer adding funds to, actually withdrawing from, Prosper accounts. The primary reasons are insufficient loan availability for retail lenders, poor engineering (example: new API rollout), difficult to use secondary market, in general lack of focus on retail lenders.
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