WriteYourOwnReality » Prosper

Using P2P Lending to Protect Against Short-Term Cash Needs

writing2reality — Tue, 10 Feb 2015 17:00:46 +0000

While most folks who read this blog are likely pursuing financial independence through the creation of passive income in excess of their expenses, this isn’t the case for everyone. Imagine having an investment that at any point could provide you a three-year level of cash flow that substantially covers your monthly expenses, through a combination of […]

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The Great Divide in P2P Lending: Institutional Demand and the Little Guy

writing2reality — Tue, 30 Dec 2014 17:00:37 +0000

What started out as a mere curiosity ultimately lead to something slightly disappointing and fairly substantial, although not entirely unexpected. After noticing some cash languishing in my Prosper account, albeit not much, I decided to look into the reasons why I wasn’t getting my cash reinvested as fast as I would like. My first thoughts […]

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Prosper Marketplace – 2014 First Quarter Update

writing2reality — Tue, 08 Apr 2014 16:00:43 +0000

With any dividend growth portfolio, taking a look at how the income looks on quarterly basis allows you to smooth out the timing trends that are associated with companies that pay their dividends quarterly. With my peer to peer lending accounts (Lending Club and Prosper), there isn’t any set timing variables, but with accounts the […]

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How I Report My Lending Club Charged-Off Loans

writing2reality — Tue, 18 Mar 2014 17:00:04 +0000

One of the most confusing parts of peer to peer lending since its inception is the tax reporting of income and losses, especially the charged-off loans we all experience. While I am certainly not a tax expert, I would like to share how I am reporting my charged-offs loans with Lending Club on my 2013 […]

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Truly Passive Investing in P2P Lending: Lend Academy Investments

writing2reality — Tue, 04 Mar 2014 17:00:00 +0000

Over the past year, many retail investors have felt frozen out as the competition for notes has increased drastically in both Lending Club and Prosper. As both companies have strived to obtain institutional investments as they push for profitability and growth, the ability for individual investors to invest has been severely limited. Currently, there are […]

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Simple Filters for Investing in Lending Club and Prosper

writing2reality — Fri, 28 Feb 2014 19:00:30 +0000

While developing my investment strategy for Lending Club and Prosper for 2014, I also wanted to create some simple filters for investing as well. My thought for doing this was inspired by Peter Renton first putting out some simple filters back in 2012. He has since provided updates to these filters along with his traditional […]

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How to Invest in Lending Club and Prosper – My 2014 Investment Criteria

writing2reality — Thu, 13 Feb 2014 17:30:53 +0000

In one of my most popular posts from last year, and one of my first posts ever, I shared with everyone how I was planning on investing in my Lending Club account. Once I opened my Prosper account in May, I share the same details for that account. As I mentioned in my 2014 goals […]

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Prosper Marketplace – December and Year-End 2013 Update

writing2reality — Thu, 06 Feb 2014 17:00:44 +0000

As with my recent Lending Club post, it is time to review how December and the entire 2013 turned out for my Prosper account. This past year was the first year of having my Prosper account, opened in May with an initial $1,000 investment. I opened this account after investing with Lending Club for four […]

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Prosper Marketplace – November 2013 Update

writing2reality — Tue, 28 Jan 2014 17:30:15 +0000

Getting closer! I only have four more catchup posts after my summer’s blogging break. After investing with Lending Club for four years, I decided to diversify my peer-to-peer lending asset class and make an investment with Prosper. Having been bullish on peer-to-peer lending since opening that Lending Club account back in 2009, I am excited […]

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WFC Employees BANNED from Peer to Peer Lending

writing2reality — Tue, 21 Jan 2014 17:00:02 +0000

I saw this post by Peter Renton at Lend Academy and thought it was something to be shared with those folks who may not have seen it. Wells Fargo has banned their employees from investing in peer to peer lending as it represents a conflict of interest. As peer to peer lending has grown it is increasingly […]

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