zcommodore

Exactly 1 year ago today, I made my first post to this blog.  Actually, it looks like I posted twice.  At the time, I was seeing my first group loans go late but still thinking/hoping that at least some of them would cure.  As it turned out, none of them did and I apparently didn't learn anything from them because I subsequently helped several more borrowers fund who have since gone late and will likely default.

I was also still very bullish on lending but was starting to experiment with much tighter standards regarding those not in my group that I would lend to.  For the most part, those tighter standards have resulted in much better performance.  Unfortunately, I've had so many bad results overall, both within my group and prior to tightening my standards, I've mostly quit lending.

As of now, one year later, I'm withdrawing funds every time I get $25 in my account.  Since my last loan in early March of this year, I've already gotten nearly half my initial investment back out, partly due to referral fees.  Once I get my initial investment out, I may relend using "house money" but I may change my mind by then too.

One other effect of my slowed lending has been a slowed number of blog posts.  Since I'm spending less and less time thinking about Prosper, I have less to say about it as well.  I probably won't go away for a long time but I won't be posting a whole lot either.

One thing I may post about is Prosper performance.  In my mind, I've come up with some interesting ideas for software tools to study/analyze performance of loans on Prosper over time.  Given that my real-life job is software, actually doing something about my ideas seems too much like work so I haven't actually sat down and done anything about it.  If I ever do come up with something, I'll post about it and let everyone know.  It would certainly simplify making some of the graphs that I've posted here over the last year so there is some incentive there.