I just put some fund in this.. cool concept.. New to me. Thanks for the post.
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I just put some fund in this.. cool concept.. New to me. Thanks for the post.
Thank you for the follow up.
"There are no finger prints under water."
It's been a little over 4 months since I initially invested $250. I've earned about $14 in interest to date. I've received enough in payments and interest to reinvest another $50...mostly from one loan that was repaid early (I got my entire $25 plus a little interest back on that one). As of today, no late/non-payers. The average weighted return for all my investments is over 12%.
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
I went in for $2500. Averaging 12%+/-, currently managing 105 notes, well diversified.
Light a fire for a man, and he'll be warm for a day, light a man on fire, and he'll be warm for the rest of his life...
Discussion is an exchange of intelligence. Argument is an exchange of
ignorance. Ever found a liberal that you can have a discussion with?
Nice! I'm working my way up to that amount but I have a ways to go.Originally Posted by TFOGGER
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
Figured I'd revive this and give an update. I reinvest any interest and principal I receive as soon as I have accumulated enough funds to do so. Lately, though, I've kind of ignored investing any more into this until I get the house sold and the move out of the way but here's a snapshot of my initial investment performance so far:
So far, so good.
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
I use the automated investing, set to a comfortable risk level. My current annualized return is at about 9 percent, down significantly in the last couple of months due to 6 loans that are either late or in default (mostly higher risk borrowers). The nice thing is that even if all 6 go completely south, I'm still only out about $100, and I'm still well ahead on the other 127 notes.
Light a fire for a man, and he'll be warm for a day, light a man on fire, and he'll be warm for the rest of his life...
Discussion is an exchange of intelligence. Argument is an exchange of
ignorance. Ever found a liberal that you can have a discussion with?
I've been lucky...no defaults, no late payments yet. But I'm not invested in nearly as many loans.
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
Interestingly, I had only one before last month, suddenly there's about half a dozen.
Light a fire for a man, and he'll be warm for a day, light a man on fire, and he'll be warm for the rest of his life...
Discussion is an exchange of intelligence. Argument is an exchange of
ignorance. Ever found a liberal that you can have a discussion with?
Asian people have been doing this for a really long time mainly with just family/friends so you don't worry about not getting money interest back! That's why we can drive around in new luxury cars, either that or the liquor/ laundrymat are doing well. I'm Chinese so that's why I made that comment some of you might laugh or not...
Last edited by lex137; 10-31-2015 at 14:09.
"Amat Victoria Curam"- victory loves preparation
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