Re: Prosper.com
I put $1k into prosper in April; I've been reinvesting the profits as they come.
Of the 12 loans I've made, one was late for a few months and actually went to collections but is now back to on time, and the others have consistently been on time. So far I'm up $79, lending at an average rate of 16.4%. So, a nice 8% profit in half a year. If that one loan had just defaulted, though, instead of getting back on track, I'd be basically breaking even so far, or slightly down. I have my own system for picking people I think will pay the money back, though.
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