Another month has gone by and here is the portfolio report. Let’s see how I did. The process of putting money into my Lending Club account, as documented in my post about Comparing the Lending Platforms goes into effect here. June 30 2013 Loan # Amount Lent Interest Rec’d Principal … Read more
Many of you know that for the last month I have been trying to put some money to work at Lending Club. This post is about how that has gone and how it is affecting my portfolio. My first order to purchase notes from Lending Club was on June 5th, more than 30 days ago. … Read more
I am often asked why I like to utilize peer to peer lending and other related questions like “Is it risky?” The biggest reason why I am so excited about this lending platform is that it bucks the trend. What I mean is, as of today in June 2013, we are in the midst of … Read more
Time for the May portfolio report. I finally got my $100 of interest reinvested but it didn’t get officially funded until June so I can’t count it here. Let’s see how I did. Thursday, May 30, 2013 Loan # Amount Lent Interest Rec’d Principal Remaining Current Value of Note 85159 … Read more
Revolving Credit is the credit that is used, paid down and available to use again. Think of a credit card with a $5000 limit and a $1000 outstanding balance. if you pay $500 of the $1000 that you owe, then you have $4500 in credit available instead of the $4000 where you started. That $500 … Read more
For those that follow my portfolio and its performance, I thank you. There’s a big update to my portfolio starting today. My previous portfolio had one private p2p loan unsecured for an old client of mine and the rest of my platform loan money was exclusively on Prosper. Now that is no more. My funds … Read more
Any blog about P2P lending as an investment talks about diversification. Many of these blogs, including great blogs from different perspectives than mine that I read regularly like Lending Memo or Nickel Steamroller advocate heavy diversification. By heavy, I mean advocating a strategy of putting very small amounts like the $25 minimum or $50 across … Read more
Time for the April 2013 portfolio report. Let’s see how I did. In my previous report, I outlined what I have in my portfolio currently so lets go through the changes first. In my last blog post, I indicated that I bought a new loan for $100 of my interest earned on previous loans. However, … Read more
A recent post I put on this blog was about how to start using dividend reinvestment and portfolio management techniques to enhance our P2P Lending returns. Well all of that is true except that my loan that I picked to invest in on Prosper.com with my interest earned never funded. As a result, I had … Read more
So by this stage maybe you have put some money in some peer to peer loans. Once you do, you have a P2P loan portfolio that now has to be managed. How d owe manage this? For better or for worse, there’s alot of information we can use from the investment world in the management … Read more