Folks, I don't understand... My return continues to be great on Prosper. I have about 2100 active loans(mostly 36 month term) and my dashboard shows an annualized net return of 10.18% and a seasoned annualized net return of 8.78%. LendingRobot has me at a portfolio health of 98.74% and an expected return of 11.71%. I haven't sat down to try to figure out my actual rates, but as of November 1st I have earned about 9% or so of my average balance this year, so those numbers pass the sanity test - or maybe even seem a bit low. I have to think that your results are either due to purely using automated investing or lack of diversification. I have spent a decent amount of time developing an algorithm and a program to choose notes daily to (at least try to) optimize both.
Right now, my biggest concern is the tax hit that I will take due to the way losses are treated compared to gains as this is my first full year being "fully" invested. Otherwise very happy with Prosper and P2P investing.
Right now, my biggest concern is the tax hit that I will take due to the way losses are treated compared to gains as this is my first full year being "fully" invested. Otherwise very happy with Prosper and P2P investing.