tag:blogger.com,1999:blog-1893129263573703047.post5685403649075618757..comments2024-03-28T00:13:55.918-07:00Comments on A Frugal Family's Journey: P2P Accounts (Update) - August 2014A Frugal Family's Journeyhttp://www.blogger.com/profile/05093532273552790517noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-1893129263573703047.post-56124693252262878612019-08-10T06:19:47.128-07:002019-08-10T06:19:47.128-07:00I am happy to find this post Very useful for me, a...I am happy to find this post Very useful for me, as it contains lot of information. I Always prefer to read The Quality and glad I found this thing in you post. Thanks<br /><a href="https://www.lendingsoftwares.com" rel="nofollow">Customize P2P Lending Platform Software</a><br />Shehroz Ahmedhttps://www.blogger.com/profile/16985637572657998491noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-55436856826674842952014-08-22T19:50:07.882-07:002014-08-22T19:50:07.882-07:00They give you both. They provide an 'All Notes...They give you both. They provide an 'All Notes' Return as well as a 'Seasoned Notes' return as defined above. Certainly can give a quick snapshot into how "aged" notes are performing.writing2realityhttp://www.writeyourownreality.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-62863706707287180522014-08-17T12:27:21.808-07:002014-08-17T12:27:21.808-07:00ISP - I try to evaluate as much as I can to ensure...ISP - I try to evaluate as much as I can to ensure my risk to reward is acceptable. <br /> <br />As for where I purchase note, I do both: I buy new notes as well as secondary notes on the trading platform. I generally buy an average of $500 in notes each month in both Lending Club and Prosper. It's hard to find that many quality noted if your note also scouring the a secondary market. :)<br />A Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-90096092808954888462014-08-16T18:49:19.334-07:002014-08-16T18:49:19.334-07:00I also live in a state that does not allow me to i...I also live in a state that does not allow me to invest directly in P2P Lending. I am able to use the secondary market (FolioFN) however to invest in Lending Club where I am. Not sure if maybe you could do the same.Income Succession Planhttp://www.incomesuccessionplan.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-74723308067025693842014-08-13T07:22:15.708-07:002014-08-13T07:22:15.708-07:00Frugal... So you look at employment length and inc...Frugal... So you look at employment length and income as part of your strat? I might have to think on that thats not a bad idea. <br />Are you funding loans or buying notes in the secondary? I've found the secondary market to be getting short on notes in the past couple months.Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-26903716370557847892014-08-13T07:20:57.770-07:002014-08-13T07:20:57.770-07:00W2R: So Prosper only gives you your return for not...W2R: So Prosper only gives you your return for nots 10 months or older and ignores new ones?<br />I think I like that.Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-18282965994405010662014-08-12T09:05:51.294-07:002014-08-12T09:05:51.294-07:00NNL - Thank you. I try to do my best to find qual...NNL - Thank you. I try to do my best to find quality notes that pay a reasonable return. A 700+ credit score and a job is definitely important. <br /><br />Thanks for stopping by...Best Wishes! AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-85465311540930487752014-08-12T09:03:30.761-07:002014-08-12T09:03:30.761-07:00Not sure why it is not available in all states but...Not sure why it is not available in all states but hopefully those states that are currently excluded are eventually added soon. This is one great way to allow the little guy to invest and compete against big banks. Also a great way to keep banks honest and help keep rates competitive since their ability to raise rates would be limited given that there would be other options available like P2P. A Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-17400290563430351982014-08-12T08:59:41.788-07:002014-08-12T08:59:41.788-07:00HH&WG - Sorry to hear it's not allowed in ...HH&WG - Sorry to hear it's not allowed in Texas. Hopefully one day soon...definitely a good alternative investment tool to help you diversify your passive income stream. :)<br /><br />Thanks for stopping by...Best Wishes! AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-28241363622100500852014-08-12T08:57:57.029-07:002014-08-12T08:57:57.029-07:00AA - Between A and B loans, I've had more defa...AA - Between A and B loans, I've had more defaults with B loans. But overall, the defaults tend to correlate with the investment grade. <br /><br />Wishing you continued success! AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-39870904323531394592014-08-12T08:55:06.921-07:002014-08-12T08:55:06.921-07:00Thank you for the kind words and for the clarifica...Thank you for the kind words and for the clarification. I didn't know the difference. Regardless, very happy with the returns so far. <br /><br />Thanks for stopping by and for your comments. Best Wishes! AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-63446232737916701532014-08-12T02:20:52.063-07:002014-08-12T02:20:52.063-07:00I am also jealous that I can not invest in P2P len...I am also jealous that I can not invest in P2P lending because of state regulations. I am not sure if this will be available to the rest of the country if they can get all the states to participate; I think LC and Prosper would be making out very well. Why get a personal loan from a bank at 12% interest when you can get it for 7% on Lending club. This whole P2P lending thing is going to explode and I can't wait to invest in it. Anonymoushttps://www.blogger.com/profile/00096005621734845090noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-27898629328041852132014-08-11T19:03:39.802-07:002014-08-11T19:03:39.802-07:00Great job on the p2p lending. the 700+ credit sco...Great job on the p2p lending. the 700+ credit score is crucial to getting paid. And the people having a job.No Nonsense Landlordhttps://www.blogger.com/profile/01765461019959574461noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-64988915417722647212014-08-11T11:33:03.935-07:002014-08-11T11:33:03.935-07:00wow great month! I am so envious how you can inves...wow great month! I am so envious how you can invest into Lending Club and Prosper. We ar enot allowed to do it in Texas... :(Happy Healthy and Wealthy Girlhttps://www.blogger.com/profile/16124107977507902031noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-87997120574345265232014-08-11T10:08:43.982-07:002014-08-11T10:08:43.982-07:00You have some good capital in play between your LC...You have some good capital in play between your LC and Prosper accounts. Have you had many defaults with you A and B loans? I found my B loans to have higher default rates then the Lending Club "benchmark". I now exclusively invest in grades D and greater.Accumulating Assetshttps://www.blogger.com/profile/17775500122960073181noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-44636076015777395972014-08-11T07:26:42.214-07:002014-08-11T07:26:42.214-07:00Looks good! I like your slow and steady consistenc...Looks good! I like your slow and steady consistency and risk level with P2P Lending. <br /><br />One thing I'd add is that your Lending Club NAR is not actually a seasoned return, whereas the Prosper's 7.55% is in fact seasoned. Seasoned notes are any notes older than 10 months of age (according to Prosper). writing2realityhttp://www.writeyourownreality.comnoreply@blogger.com