tag:blogger.com,1999:blog-23022583.post116293055883547032..comments2023-10-21T05:40:35.227-04:00Comments on Plugged in Finance: Updated Prosper Lending Strategy (A Collection of Tips)Finance Junkiehttp://www.blogger.com/profile/15006124275899289564noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-23022583.post-26891205603430390242007-02-16T22:51:00.000-05:002007-02-16T22:51:00.000-05:00Shannon, please email me directly and i'd be happy...Shannon, please email me directly and i'd be happy to answer your questions in detail.<BR/><BR/>Short answers:<BR/>1) best amount per loan: if you have a significant amount of free time, $50/loan. If you don't have free time, you want to make the most of your time searching prosper and at least double your bid amount. For a portfolio of only $500-$1000, recommend you take your time doing just $50 bids. <BR/>2) Amount of prosper loans: No more than 20% of your net worth. However, I'm personally using a 5% limit until Prosper.com is a publically traded company and I can review it's books (financials).Finance Junkiehttps://www.blogger.com/profile/15006124275899289564noreply@blogger.comtag:blogger.com,1999:blog-23022583.post-22728219356481919432007-02-15T14:19:00.000-05:002007-02-15T14:19:00.000-05:00I hope for your safety while there, and safe retur...I hope for your safety while there, and safe return to your family.<BR/><BR/>Just heard about Prosper last night, joined today. As a potential lender, I found your information invaluable. I'll probably start small ($500-$1k) in lending...basically money I can afford to never see again (hopefully not though). <BR/><BR/>I haven't read all of your posts yet so you may have already answered this question, but what have you found to be the best amount to lend per loan and the number of loans to carry? <BR/><BR/>Also, can or do borrowers pay off their loan within the 3 year period?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1168288536334359482007-01-08T15:35:00.000-05:002007-01-08T15:35:00.000-05:00I would truly like for prosper to establish a loan...I would truly like for prosper to establish a loan re-sale mechanism where lenders could "cash out" is they needed liquidity within the 3 year term.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1162956948419359462006-11-07T22:35:00.000-05:002006-11-07T22:35:00.000-05:00GRRR, I went to print too soon.. Just reread my po...GRRR, I went to print too soon.. Just reread my post and found some typos.. They're corrected now. Nothing affecting content. Typos just made the reading a bit to choppy.Finance Junkiehttps://www.blogger.com/profile/15006124275899289564noreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1162953326460101752006-11-07T21:35:00.000-05:002006-11-07T21:35:00.000-05:00Thanks lazy man... yeah, it's bitter sweet.On the ...Thanks lazy man... yeah, it's bitter sweet.<BR/><BR/>On the one hand, I drive more people to my site. On the other hand, I increase the competition against me on the loans I like.Finance Junkiehttps://www.blogger.com/profile/15006124275899289564noreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1162937849055021632006-11-07T17:17:00.001-05:002006-11-07T17:17:00.001-05:00This is outstanding information. I wish I had som...This is outstanding information. I wish I had something to add, but it's really quite comprehensive.<BR/><BR/>I wish you hadn't published (h) of Bidding. It's starting to be a crowded field with those loans. I have had pretty good success with E loans (probably about 25% of my total loans). Oddly my late ones right now are two "C" loans and one "D."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1162937841509649482006-11-07T17:17:00.000-05:002006-11-07T17:17:00.000-05:00This is outstanding information. I wish I had som...This is outstanding information. I wish I had something to add, but it's really quite comprehensive.<BR/><BR/>I wish you hadn't published (h) of Bidding. It's starting to be a crowded field with those loans. I have had pretty good success with E loans (probably about 25% of my total loans). Oddly my late ones right now are two "C" loans and one "D."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23022583.post-1162930700722320132006-11-07T15:18:00.000-05:002006-11-07T15:18:00.000-05:00Yes, this is same as the last post w/ exception to...Yes, this is same as the last post w/ exception to the title.<BR/><BR/>Done in this one case to better capture key word searches done on the google/yahoo search engines.Finance Junkiehttps://www.blogger.com/profile/15006124275899289564noreply@blogger.com