I am leaving for San Francisco this morning. I want to be in my hotel in the afternoon, able to scope out the route to Prosper Days by cable car or trolley.
So far my investments in Prosper borrowers have made over 16% interest. That's not the long-term average for loans, mainly because once in a while a borrower defaults, so I don't expect to maintain it. But by making small ($50 each) loans I have indeed diversified so if one defaults it isn't going to be a biggie. I also don't have a huge investment in Prosper overall, so I am not getting rich.
I will be reporting on what I learn here.
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