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Messages - neals384

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106
General P2P Lending Discussion / Re: Late Loans - Mentality
« on: January 29, 2013, 10:02:44 AM »
When a previously late loan comes back to current, I will generally wait a month (so the most recent payment is on time) and then sell it.  In the past year I have sold 33 previously late Prosper notes for an average discount of 2.1% minus folio fee for a total loss of 3.1%.

Post-sale, 2 of these notes are now defaulted, 2 are in collections and 2 are late, which is quite a bit worse than my portfolio average.  So I think I'm ahead with this strategy.

Neal

107
Investors - P / Re: Prosper Roth IRA
« on: November 12, 2012, 11:23:21 PM »
Graceful,

Thanks for letting us know about the forumatic site.  But I went there and can't find the discussions you reference.  Can you help?

Neal

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