Comments on: Prosper – June 2013 Update https://www.writeyourownreality.com/monthly-update/prosper-june-2013-update/ Aggressively pursuing a dream is the only way to write your own reality. Documenting my path of turning dreams into investments and success! Mon, 30 Nov 2015 00:02:06 +0000 hourly 1 By: writing2reality https://www.writeyourownreality.com/monthly-update/prosper-june-2013-update/#comment-1286 Mon, 04 Nov 2013 02:00:37 +0000 http://www.writeyourownreality.com/?p=1243#comment-1286 That’s correct, I’ve been investing for four years and watching for five! Much like many folks eventually diversify to multiple brokers for their equity investments, I decided to also gain diversity in my peer-to-peer lending accounts. While there are more than a few reasons why, I will lay out a three of them. The first is the different underwriting and credit grading at each company will provide a different mix of loans under different criteria. The second is entity risk, which while still not a major factor, is one to consider. Lending Club doesn’t provide any guarantees for small investors like ourselves if they were to go bankrupt, Prosper does. The third is the opportunity for higher returns and additional note availability. As you know, staying fully invested in Lending Club is tough, so between the additional note opportunity and the higher interest rates (and hopefully higher returns), I’ve added Prosper to the portfolio.

Thanks for stopping by CI and let me know if you have any other questions about Prosper or peer-to-peer lending!

]]> By: CI https://www.writeyourownreality.com/monthly-update/prosper-june-2013-update/#comment-1284 Mon, 04 Nov 2013 01:43:29 +0000 http://www.writeyourownreality.com/?p=1243#comment-1284 Wow you’ve been doing p2p lending for 4 years? Other than diversifying accounts, why might an investor choose prosper over LC? I’ve been doing LC over a year, but know next to nothing about Prosper. Thanks!

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