Now my prosper account is around -3% APY (averaged over two years using excel's XIRR function) :( I wish I could say I knew what I did wrong, but I don't. The defaulted loans are all across the board with no pattern easy to see.
My accounts are as old as 600 days and I have a friend who's doing much better, currently at 9%, but his accounts only go back 300 days. Hopefully he doesn't see the same downturn as I do when he gets closer to the two year mark.
Now that I've hit the negative mark, I'm transferring out the money as it reaches my account. It will take 3 years for all repayments! Granted the money that I am getting back is coming along at a positive ROI, its a bad thing because now is perhaps the time to be buying stock.
Tuesday, January 13, 2009
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