[moneydance] Prosper.com Account Question

[Elana Shenton]

Thanks for the response.

I don't know how it will hold up as an overall investment strategy.  I am
starting very low in terms of amount ($150) but enough to put in 3 loans.  I
was thinking the best strategy would be high risk strategy.  C rating and
below really.   If you can get > 17% on the loan, even before Prosper's
fees, you have a good shot.  From what I've been reading in the forums, the
A and AA loans seem just as risky as a HR with less return.   The HRs, once
really vetted, have a high rate of return and are often trying to dig
themselves out of a hole.

What I like about prosper is the social and grassroots aspect of it all.
I'm not there thinking I'll make a fortune at it, just seeing if my money
can help dig a couple of people out of holes.  You do really have to vet the
listings.  The forums are really under-utilized and an excellent source.

On 8/17/06, Scott Zahn <scott at zahna.com> wrote:
>
>
> P.S.  What are your impressions of it as part of an investment strategy?
> My thoughts so far are that, while there are certainly loans to
> consider, most of them are crap.  After the .5% service fee and income
> taxes, any loan under ~13.5% (possibly higher) won't beat stocks over
> the long term, which then provides a real disincentive for me to invest
> in them.
>
>


-- 
Elana Shenton
Personal Blog:  http://www.clampcampus.com
Personal Finance Website:  http://www.moneystuffed.com