Author Topic: lots of bailing  (Read 2139 times)

dontvote

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lots of bailing
« 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.
dontvote

Interest Radar IRR: 46.11%
NSR ROI: 41.22%
Average Loan Age: Your Moms

Randawl

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Re: lots of bailing
« Reply #1 on: September 18, 2013, 03:01:31 PM »
Here's to hoping Prosper can continue to increase their loan volumes. . . and up their conversion rate while they're at it.