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« on: September 18, 2013, 02:09:59 PM »
The difficulty in finding prosper loans is well established. I have 20K unallocated in my IRA account and decided to significantly broaden my criteria to get money working. Obviously 20K earning 8% is better than 1K earning 15%. I can improve my portfolio criteria on reinvestment later, esp if I'm only getting 1-2 loans per day in my autoinvest (more like a WEEK). Anyway, I put in a quickinvest order for 12 loans on 9/13. ONE was invested, two are pending and 9 expired. Even the dregs are dreggy. It doesn't help that there are zero loans available at all in the highest four risk categories right now.
This has been well discussed and I know that I have to turn my life upside down to invest in this asset class so I'm just venting.