Lessons Learned From 50+ Prosper.com Loan Defaults

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

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Posted in Education, Peer-to-Peer Lending

Prosper.com 2-Year Performance Update

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

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Posted in Education, Peer-to-Peer Lending

On Passive Income

Lately I’ve been obsessing over passive income.  Namely how I don’t have any. If you stopped working tomorrow, how long would it be until you ran out of cash? This will be priority #1 in 2012.

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Posted in Entrepreneurship

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

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Posted in Business Profiles, Peer-to-Peer Lending

Prosper.com Update: My Loans Are Earning Over 10%

Now that I’m a couple months into my experiment in peer-to-peer lending with Prosper.com, I thought it would be a good time for a performance update. Using their automatic investment plan, I bought a portfolio of 199 notes with varying

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Posted in Business Profiles, Peer-to-Peer Lending
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