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[kenL]

Aberdeen is not the first person to make 1 million in loans. Unless your talking about Prosper 3.0.

Carrey79 and fred93 were there first.

Nah.  I stopped at $827,152.70

And Carrey79 didn't get to a million either.

[rogerwaite]

Of equal importance is the who will be the first to make 1 mil post to Pro$pers.

[God-Father]

Of equal importance is the who will be the first to make 1 mil post to Pro$pers.

I would guess Mtnchick, with a long shot of Pioneer.

[Mtnchick]

Of equal importance is the who will be the first to make 1 mil post to Pro$pers.

I would guess Mtnchick, with a long shot of Pioneer.

Yeah, one of these days I'm going to be working where I'm not on the web all day. Maybe

[msava]

A few got close, but aberdeen is the first to 1M.

http://www.ericscc.com/lenders/Aberdeen/bidding

http://lendstats.com/lendersearch.php?lender=aberdeen

24% late or defaulted . . . yet he's still bidding. 

Do you suppose he is washing money through Prosper?

[rogerwaite]

Might be, given that so many of us in Prosper are being taken to the cleaners.

[babelphish]

When you launder money you generally have a legal business with books showing higher profits than the business actually made, with those profits actually coming from illegal sources.  Losing real, legitimate money is the opposite of money laundering.

[God-Father]

When you launder money you generally have a legal business with books showing higher profits than the business actually made, with those profits actually coming from illegal sources.  Losing real, legitimate money is the opposite of money laundering.

Agreed - that would be called flushing.

[kenL]

Big day for Aberdeen.

http://lendstats.com/lendersearch.php?lender=aberdeen

According to lendstats.com Aberdeen now has a positive ROI, erasing the 45,000 in losses that he or she once had. Congratulations.

[Urbi_et_Orbi]

Possible...but we actually don't know that yet, since your estimate range also covers into negative territory.  I noted also that for my portfolio, which is basically all done, it still includes, percentage-wise, a very large range.  The results, as presented for me, are also not accurate.

My question then, if your estimate for a completed portfolio is inaccurate and includes a rather large spread in the estimate, how much confidence do you have in the accuracy of data presented for an active portfolio, heavily weighted towards younger loans?

[God-Father]

Ken - If you would like to take a side bet on if Aberdeen comes out positive, please PM me.  I want the negative side of the bet.

[kenL]

Possible...but we actually don't know that yet, since your estimate range also covers into negative territory.  I noted also that for my portfolio, which is basically all done, it still includes, percentage-wise, a very large range.  The results, as presented for me, are also not accurate.

My question then, if your estimate for a completed portfolio is inaccurate and includes a rather large spread in the estimate, how much confidence do you have in the accuracy of data presented for an active portfolio, heavily weighted towards younger loans?

For me the biggest source of error is when defaulted loans make payments. The data that prosper has in its database about payments of defaulted loans follows about 4 different sets of logic and writing code to decipher which set of logic the data is following is an absolute nightmare and it may be impossible to accurately determine with 100% accuracy through coding. Though I have set safeguards to make sure the recovery payments aren't widely off like they are with erics.

That said, I'm actually more confident in portfolios that are younger without many recovery payments, although their ROI will be more subject to change with time.

How far off is the lendstats estimation for your portfolio. Over? Under?

[kenL]

Ken - If you would like to take a side bet on if Aberdeen comes out positive, please PM me.  I want the negative side of the bet.

I'm not going to bet, but Aberdeen has been trending upward and I expect that trend to continue. I do think Aberdeen will end up positive.

[God-Father]

Possible...but we actually don't know that yet, since your estimate range also covers into negative territory.  I noted also that for my portfolio, which is basically all done, it still includes, percentage-wise, a very large range.  The results, as presented for me, are also not accurate.

My question then, if your estimate for a completed portfolio is inaccurate and includes a rather large spread in the estimate, how much confidence do you have in the accuracy of data presented for an active portfolio, heavily weighted towards younger loans?

For me the biggest source of error is when defaulted loans make payments. The data that prosper has in its database about payments of defaulted loans follows about 4 different sets of logic and writing code to decipher which set of logic the data is following is an absolute nightmare and it may be impossible to accurately determine with 100% accuracy through coding. Though I have set safeguards to make sure the recovery payments aren't widely off like they are with erics.

That said, I'm actually more confident in portfolios that are younger without many recovery payments, although their ROI will be more subject to change with time.

How far off is the lendstats estimation for your portfolio. Over? Under?

I think I am about 2.3%.  You think I am at .31%

[kenL]

I think I am about 2.3%.  You think I am at .31%

Check again. I updated the stats again today. Now you are 1.85%. Yesterday I had some moments with incorrect data.