i have initiated a transfer to my prosper account and used their portfolio plan to see how it works. i took a pretty middle of the road approach and went with their balanced portfolio plan. this allows you to have your loan divided up against multiple borrowers, so that if someone defaults, it's not your whole loan amount at stake.
the whole process took about 5 minutes.
i'll update with progress and returns once the votes are in!
Saturday, February 2, 2008
experiment 3: prosper revisited
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