tag:blogger.com,1999:blog-23022583.post116207812045682575..comments2023-10-21T05:40:35.227-04:00Comments on Plugged in Finance: My Prosper Loan Portfolio PerformanceFinance Junkiehttp://www.blogger.com/profile/15006124275899289564noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-23022583.post-83454178418884226532013-09-13T01:37:12.654-04:002013-09-13T01:37:12.654-04:00You really know a lot about loans. Thanks for offe...You really know a lot about loans. Thanks for offering us with these items of details. It could really help individuals like me who want to begin a new company...<br />Small Business Loanshttp://www.bestloansforsmallbusinesses.com/noreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1162496655308326092006-11-02T14:44:00.000-05:002006-11-02T14:44:00.000-05:00I have made several comments that are actual misin...I have made several comments that are actual misinterpretations of group rewards. <BR/><BR/>I've been in recent contact w/ prosper.com and they have assured me that group rewards are paid by borrowers.Finance Junkiehttps://www.blogger.com/profile/15006124275899289564noreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1162168249258256522006-10-29T19:30:00.000-05:002006-10-29T19:30:00.000-05:00That is indeed true, but it's nearly impossible to...That is indeed true, but it's nearly impossible to calculate the amount of time that the money is sitting idle. Because money does sit interest-free when it's not loaned at Prosper, I try to rarely have any significant money in there. I'll shift $100 or $200 a couple of times a week and loan it out as soon as I can. When you have 20-30 $50 loans as I do, it's really too complicated. I just estimate that at any given time, I have about $150-$200 not earning interest a year. That's not that much if you are able to keep enough money in the game.<BR/><BR/>As for using Eric's Effective Interest Rate, doesn't it factor in risk into the equation? I don't think Prosper's does. I'm okay with that, I wouldn't want Prosper to opine on how much I might make after risk. I prefer them to tell me the hard numbers, I'll factor in the risk myself.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1162134365614779162006-10-29T10:06:00.000-05:002006-10-29T10:06:00.000-05:00In order to compare with what you could get from a...In order to compare with what you could get from a high-yield savings account, you should calculate your internal rate of return, which is he daily interest, then compound it over a year to figure your APY. This will account for those periods where the money is sitting idle, and is a more accurate comparison. 17% might look good, but if your money is sitting idle much of the time, the APY will be much lower.michaelhttps://www.blogger.com/profile/05535081318194546213noreply@blogger.com