Yes, my first loan was back in june 08. Majority of notes are 25$ increments. I let it soak for 2yrs. Still current. So when the quiet period ended , I started to buy more notes.
My foray into prosper was due to curiosity.
As I have read the discussions in this forum, there are apparently plenty of negative issues that people have expressed.
I try to see both sides of the coin.
My views coming into prosper expecting 100% loss. I made sure to pick all my applicants with low scores. Predominantly HR's in the 30% rates.
So far, I have 20 notes that are current, 2 paid, and 2 that are late.
Since Urbi and beerbud are saying to curb my enthusiasm, I'll just do the minimum $25min /month and reinvest the payments.
As a whole, I'm delighted that people actually paid.
What are your thoughts? How long should I continue doing this before I ramp up the amount? 2nd yr $100/month 3rd yr $200/month?
