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The top 10 I mentioned had a wide variability of strategies, and I can assure you that they all thought they had a plan. If you only look at lenders with a suf
by microtherion 17y ago
The top 10 I mentioned had a wide variability of strategies, and I can assure you that they all thought they had a plan.
If you only look at lenders with a sufficiently large (20 loans) and aged (365 days) portfolio to make an evaluation plausible, only 167 lenders of more than 19000 lenders in that category had an estimated ROI of >10%.
Of the 1161 lenders with more than $10K invested and a portfolio older than 365 days, exactly 3 had an estimated ROI of >10%.
The http://prospers.org http://prospers.org discussion boards are full of guys who've done their homework. The test is how their loans fared, and generally they haven't fared well.
disclaimer, which I should have stated above: I've invested $1K a few years ago, and am more or less breaking even at the moment.
- noodle 17y agofair enough. my information is not up to date, and if you have money in and have more recent experience, i'm sure you're more right than i am.
- jacquesm 17y agoSince you are someone investing there, and investing normally being something that you do carefully, how come everybody is falling over each other to park their money there ? You'd think they had a very positive track record wrt to ROI, but I only find evidence to the contrary. It's almost as if lenders are lining up and they have a hard time finding people to borrow to, in 'the real world' you'd expect it the other way around.
- microtherion 17y agoThe stats I have seen would indicate that lender interest peaked around May 2008, and e.g. %age of listings funded decreased May-Sep: http://www.ericscc.com/stats/prosper-listing-volume http://www.ericscc.com/stats/prosper-listing-volume Unfortunately, I have no good historical stats on interest rate paid by borrowers, which would probably be the best metric for lender/borrower interest.