Peer-to-Peer Lending 5-Year Performance Update

Peer-to-Peer Lending 5-Year Performance Update

My experiment with peer-to-peer lending at Prosper.com continues, and it’s been another busy year.

The platform has seen some impressive growth, both in terms of the number and volume of “originations,” and the number of lenders competing for the most attractive loans to lend on.

I used Lending Robot to automatically deploy idle cash for all of 2015, which has worked out pretty well so far.

Prosper.com Year 4 Performance Update

Prosper.com Year 4 Performance Update

My experiment with peer-to-peer lending at Prosper.com continues, and it’s been another busy year.

The platform has seen some impressive growth, both in terms of the number and volume of “originations,” and the number of lenders competing for the most attractive loans to lend on.

As my idle cash began to grow, I sought out a smarter way to deploy it and began using Lending Robot, which has worked out pretty well so far.

Automating my Peer-to-Peer Lending with LendingRobot

Automating my Peer-to-Peer Lending with LendingRobot

In my last peer-to-peer lending update, I noted that the returns and cash flow were still strong, but that it was almost impossible to find good loans to lend on anymore.
Turns out the “professional” p2p lenders are all using automated software that snaps up the most attractive loans in seconds. My old-fashioned method of logging into the site at 9am and 5pm when new loans were released was not going to cut it.

Prosper.com Year 3 Performance Update

Prosper.com Year 3 Performance Update

My experiment with peer-to-peer lending at Prosper.com continues, and it’s been another busy year. The platform has seen some impressive growth, both in terms of the number and volume of “originations,” and the number of lenders competing for the most attractive loans to lend on. In fact, there’s been a huge influx of institutional money … Read more

Some of my Favorite Prosper Listings

One great thing about peer-to-peer lending is the amazing variety of “peers” you come across. People have tons of reasons for needing to borrow money, and these are some of my favorites. These are the titles of actual Prosper listings from the past couple months. Debt Consolidation: Anything Worth Doing is Worth Learning How to … Read more

Prosper.com 6 Month Update: Earning 14.7%

Here’s an update on my experiment with peer-to-peer lending with Prosper.com.  The micro-loans have been active for 6 months, so it’s a good time to review the performance. My Prosper numbers: Initial investment: $5000 Interest payments received: $393.18 Charge-offs: $25 Net Gain (interest minus charge-offs): $368.18 Approximate annualized rate of return: 14.7% I’m pretty happy … Read more

Usually Hustling, Occasionally Social

CONTACT    BOOKS    SPONSOR    PRIVACY    DISCLOSURE