Hi all -
I'm trying to decide if I want to use the Fully Automated Investing option for my Prosper account with LR.
Typically, I have set my own filters (I mostly invest in AA-C notes), but now I'm wondering if I should set an expectation of an 8% return and turn on Fully Automated?
What do you all do? Pro's and con's? If you use Fully Automated, how are the notes performing?
Here is my current filter:
Max. Debt / Income: No more than 50%, Home Ownership: Owns, Public Records (10y): No public records, Grade: From AA to C, Annual Income: $50,000 and more, Employment Status: Employed, Full-time, Inquiries (6m): No inquiries, Public Records (12m): No public records, Employment Length: At least 12 months, Loan Purpose: Debt consolidation, Home improvement, Other, Delinquencies (7y): No delinquency, Term: 36 Months
I would appreciate any feedback on this.
Thank you!
Ray