I was listening to a podcast last month, and the question came up of how much of your time is spent in “reactive mode” vs. “proactive mode.” That really hit home since it’s something I’ve been wrestling with lately, and a challenge I believe all side hustlers are faced with. I’ve found myself in “reactive” […]
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.
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 […]
With two years of Prosper.com lending under my belt, I wanted to take a deeper dive into the 50+ loans that have defaulted on me during that time. Prosper does NOT make it easy to access or analyze this information on an aggregate level, so it turned into a pretty tedious data-entry project. (Which I […]
My experiment with peer-to-peer lending at Prosper.com continues, and it’s been a busy year. New listings are posted at 9am and 5pm, and because the account spins off cash almost daily, I’m kind of addicted to log in and see which new loans I can reinvest in. Summary My loans are earning 9.88% (“seasoned”) and […]
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 […]
I am happy to report my initial experiment with peer-to-peer lending at Prosper.com has been a success. Returns My investment has earned 11.11% so far, far greater than the <1% that money was earning in savings. There is more risk and it’s not as liquid but I’m happy with the results. Strategy As part of […]