Finance Travels

March 13th marked the 1-year anniversary of my oldest loan funding on Prosper.com.  I’m proud to say that I am now funding a total of 26 loans and all 26 are current (no late payments or defaults).  At the beginning of the year, I had a two loans become late, but they have since paid up and have made their last two regular monthly payments.  My average ROI (at least according to Prosper) is 14%.

After a 3-month hiatus, I think now is the time to actively start putting some money back into Prosper.  I’ve done some research on how to identify good loans, and since I’m looking for returns not much higher than what I can get from a savings, I think I can mitigate some of the risk that I had initially feared.  I plan on going back to my strategy of matching my Prosper balance every time it reaches $25 and therefore keeping more money in investments rather than sitting in the account interest-free.