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I started lending with Prosper late last year. So I'm officially 10 months in on some of my notes which means they are "seasoned". According to Prosper's own data mining, once a note has made it 10 months the chances of defaulting is much lower. When I first started out I started with $2500 spread over 100 notes with literally no filters. So everything was between A-HR for the first 100 notes. So needless to say I've gotten a few defaults from these and will probably get more in the future. But over all it's been a decent experience. My seasoned notes have an annualized return rate of 9.21% - All notes combined are at 11.10% Granted, compared to the S&P 500 this return rate isn't as good, but very few things are. Overall I just consider Prosper as one more area of diversification. Here's a screenshot of my current portfolio. The HR looks way out of whack because I only had a few loans and one or two defaulted, so it looks crazy (-20%) 
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Oct 10, 2013 19:55
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| # ¿ May 6, 2024 07:07 |
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