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[bamalucky]

My 15% Return on Prosper.com Confirmed Via LendingStats

http://everydayfinance.blogspot.com/2007/09/my-15-return-on-prospercom-confirmed.html

I was able to enter my username and get a full rundown of my performance, my 74 loans, no lates/defaults, etc. as well as the average interest rate of 15.11% (thankfully, the data on the site is accurate and matches the results I've been touting!). The estimated ROI takes into account project defaults, so at 14% net of defaults, I'd take that non-correlated result any day.

Fast forward 10 months.

http://www.lendingstats.com/lenders/dpritch15

[NewHorizon]

And of course this one was expecting 11% (see third-to-the-last comment).

Fast-forward about 6-1/2 months, and: http://www.lendingstats.com/lenders/WealthBoy

[bamalucky]

Well,at least they have been smart enough to quit or scale way back.

They never post that to their readers though.That isn't right.

[112233]

I nominate this thread for the lobby.

Bama's post gives a good example of why you shouldnt jump in too fast or believe what your ROI says for the 1st year or so.

mjerry, are you there?

[bamalucky]

I'm ok with moving it to the lobby.

I invited the OP of the blog here.

[cowdog]

Yes, this is a lobby thread.

I can't count the bloggers I've seen in the last 2 years who jumped all over Prosper, convinced they would make incredible returns, but then never addressed their subsequent losses in their blogs.

[dvd]

I think that says more about the average intelligence of bloggers than prosper.

[ira01]

And of course this one was expecting 11% (see third-to-the-last comment).

Fast-forward about 6-1/2 months, and: http://www.lendingstats.com/lenders/WealthBoy

And his average loan age is still only 160 days, and all of his lates are still in the early to middle stages (late to 3-months late) -- His ROI will be in the toilet in another 3 months when all his current lates are 4+ and he has a few new ones in addition.

[NewHorizon]

And of course this one was expecting 11% (see third-to-the-last comment).

Fast-forward about 6-1/2 months, and: http://www.lendingstats.com/lenders/WealthBoy

And his average loan age is still only 160 days, and all of his lates are still in the early to middle stages (late to 3-months late) -- His ROI will be in the toilet in another 3 months when all his current lates are 4+ and he has a few new ones in addition.

Yes, exactly.  I'll probably contact him at his 1-year mark and see if he wants to amend the information he imparted to the Prosper community.

I can't count the bloggers I've seen in the last 2 years who jumped all over Prosper, convinced they would make incredible returns, but then never addressed their subsequent losses in their blogs.

Aw c'mon now - how 'bout mentioning just a few of them?   

[112233]

OMG, this lender has a 34% lendingstats ROI !! let the bloggers know !

http://www.lendingstats.com/lenders/flashover

[bankomatic]

He still has 2% return, which isn't great, but he isn't in the red... yet.

[Greebo]

After more than a year, I'm pleased I'm beating inflation.  (Not counting gas and food, just like Congress does it!)

For how long, I dunno.

[jmathree]

OMG, this lender has a 34% lendingstats ROI !! let the bloggers know !

http://www.lendingstats.com/lenders/flashover

Here's another one.  This character even pm'd me asking me to help fund one of his POS's.

[christoofar215]

I'm not going to talk about my return, because the moment I do... I'm jinxed.

[beerbud1]

OMG, this lender has a 34% lendingstats ROI !! let the bloggers know !

http://www.lendingstats.com/lenders/flashover

Here's another one.  This character even pm'd me asking me to help fund one of his POS's.

Well my take is he is going to lose $20,000. He's heavy on C's and HR's. So sorry to see this.