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Messages - Wrats6

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Investors - P / Re: Question on Overall Annualized Prosper Return
« on: December 03, 2013, 06:49:29 PM »
Thanks Peter!  It was nice to see someone else's stats.  Yours do make sense.  I may need to contact Prosper.  Seems like my overall should be somewhere between 13 and 14 percent.

Investors - P / Question on Overall Annualized Prosper Return
« on: December 02, 2013, 12:22:38 PM »
This doesn't make sense to me?  How can my overall annualized Prosper return for all notes be 12.93% when my annualized return for each of the 4 years I have invested are higher than 12.93%.  I have a similar situation with my overall total return of 13.24%.  Please see my account info below.  Can someone please explain this to me?  Thanks much!!

Annualized Returns by Purchase Period
Period     Total Invested  Avg. Note Age   Annualized Returns   Promotion Returns    Total Returns
Overall      $79,920.62      467 Days              12.93%                     0.30%                 13.24%   
     2013    $23,259.00      181 Days              15.89%                     0.00%                 15.89% 
     2012    $23,533.00      442 Days              13.06%                     0.01%                 13.07% 
     2011    $22,111.50      645 Days              13.50%                     0.86%                 14.36% 
     2010    $11,017.12      767 Days              13.03%                     0.45%                 13.47% 

Investors - P / Cash for New Car or Invest in Prosper?
« on: November 11, 2013, 12:51:46 PM »
Hi Everyone,

I'm on the fence with a tough choice and am seeking advice.  I have $25,000 that I can use to purchase a new Subaru Forester.  The dealership is offering 1.9% financing.  For the past 3 years, I have maintained a 13-14% ROI as a Prosper lender and currently have a $38,000 Prosper account balance.  Should I take the dealership financing offer, invest the $25,000 in Prosper, use borrower payments to make the monthly car payments, and gain 10-11% (13% less 1.9%)?  All advice will be appreciated!!


Investors - P / Why join a group on Prosper if you are an investor?
« on: March 03, 2013, 04:30:51 PM »
Hello Everyone,

Are there any advantages to joining a group on Propser if you are solely an investor?  Any advice/comments will be appreciated.  Thanks


Thanks for the advice so far!  I forgot to mention that another response I receive is the popular "If it sounds to good to be true, it probably isn't."  That bothers me the most because they see me as a fool when in reality I am making very good money.

On several occasions I have shared my Prosper successes (12-14% ROI for past 3 years) with friends and relatives.  During these discussions I have tried to explain that P2P lending is a relatively low risk approach to obtaining a consistent ROI.  I have even used some of the information I have learned from the Lending Academy website and these forums.  It's not like I push P2P lending like a used car salesman, its just a normal discussion.  However, not a single friend/relative has decided to participate in P2P lending.  Most of them think I am crazy!  I have nothing to gain by them stepping into the P2P waters, but I feel bad they are not enjoying the success of P2P lending.  Any tips on how to best convince others of the advantages of P2P lending?  What has worked for you?

Investors - P / Predictions for 2013 Changes in Prosper Returns
« on: December 27, 2012, 07:17:06 PM »
This time of year is when many financial experts make predictions of stock market performance for the upcoming year.  I'm interested in predictions of Prosper performance changes during 2013.  Prosper shows seasoned returns of 9.69 percent for loans originated July 2009 through November 2011.  As the time period shifts to loans originated July 2009 through November 2012, do you think the seasoned returns will go up or down and by how much?

Off Topic / Re: Merry Christmas
« on: December 25, 2012, 11:51:25 AM »
Merry Christmas and Prosperous 2013 to all! 

General P2P Lending Discussion / Re: Background of P2P Investors
« on: December 19, 2012, 05:40:52 PM »
Government auditor for 25 years and counting.   :)

Investors - P / Re: Annoyed by erratic payments
« on: December 19, 2012, 05:38:56 PM »
I have noticed the same eratic payments.  Also, Prosper has not updated the ROI information on the account overview screen.  It is still as of Nov. 1.  One last minor gripe.  I have been intermintently booted out of the site and have to enter my user name and password repeatedly.  Has anyone had this problem?  This may be a problem with my computer or internet connection.

I have been successful at this on a small scale.  I recieved a 0% interest for 12 months balance transfer credit card offer in the mail with no transfer fee.  I tansferred $3,000 from another credit card, which I always pay off every month.  With that $3,000 saved I invested in Prosper notes.  I am averaging a 14% return from Prosper.  I'm sure the Prosper return will head lower over time as the notes become seasoned.  I have about 5 months left on the interest free period.  I have been paying down the credit card balance with payments of $250 a month from my salary.  In essence this has allowed me to invest $3,000 in Prosper sooner than I other wise could have.  I don't think the new credit card will adversly affect my credit score.  However, I agree with many of the other comments that you must be careful when you do this and don't over leverage yourself.   

Investors - P / Re: Chasing High ROIs
« on: November 27, 2012, 05:14:20 PM »
Thanks Megan!  That is good advice.  I'll be sure to check other attributes.

Investors - P / Chasing High ROIs
« on: November 26, 2012, 08:50:56 AM »
I have been averaging an ROI on my Prosper loans of about 14 percent.  However, I am wondering if I can do better.  Using the Prosper Stats website, I reviewed the stats for the top two lenders in terms of ROI.  Amber_Stone is number one with an ROI of 19.65 percent and Innovator2 is number two with an ROI of 19.03 percent (minimum of 400 notes, as of Nov.26, 2012).  I noticed for both of these top lenders the vast majority of their loans have an E or HR rating.  They have both been investing for about 3 years.  So this stategy seems to have been working for quite awhile.  I'm thinking of using this approach, but before I do, does anyone have any thoughts/comments on this strategy?   

Investors - P / Re: Finding Blenders
« on: November 18, 2012, 04:41:32 PM »
Thank you Peter and Rocco.  Very helpful.

Investors - P / Finding Blenders
« on: November 15, 2012, 07:41:48 PM »
Does anyone know how to use the Prosper search criteria to find Blenders (borrowers who use loan proceeds to lend to other borrowers)?  I think I have that right.  Thanks to anyone who can help with this.

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