As for the signal value of my current non-participation (and for the lack of momentum with P2P volumes,
in general), I wouldn't read too much into it. I'm in one of the MANY (30+) states where lending via P2P
platforms has not been "reapproved", after the SEC stepped in to exert authority over the p2p models...
Incidentally my actual ROI is higher than that shows - also, there's a dip in ROI around halfway through,
or, more precisely, that's observed around halfway through (assuming less than full reinvestment) which
is something I think a lot of people fail to take into account when trying to measure their ROI, over time.
I glance, very occasionally, at the EricsCC estimate of my return, and many months ago it showed ~1%,
but there are a ton of assumptions built into that ROI calculation, as well, which is why I don't rely on it.
Also of note is that, despite a "relatively" high percentage of my loans defaulting, what matters MOST is
WHEN they default. You guys toss around all these silly numbers about X% of loans have defaulted, but
that's an incredibly dopey (in its ability to mislead) metric to look at, given that every payment is money.
I know *you* know all of this, Urbi - but for the folks playing along at home, I thought it'd be revelatory.
-t
