China's Peer-To-Peer Lenders Are Falling Like Dominoes as Panic Spreads

Re:China's Peer-To-Peer Lenders Are Falling Like Dominoes as... by CompelTechnic on Wednesday August 01, 2018 @04:10PM (#17666486)

I remember reading a couple of introductory posts by financial bloggers that started giving out some loans on Prosper and the like. They promised to post updates about the returns, but those updates have been absent. I imagine the returns are not good.

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Re:China's Peer-To-Peer Lenders Are Falling Like Dominoes as... by LeftTurnSignal on Thursday August 02, 2018 @05:17PM (#17675562)

Here's my experience. I don't recommend doing any p2p stuff like this. not really worth it

For fun, I tossed $1,000 into prosper in 4/2015.

I set it to auto invest each time I hit $50 in available funds from someone paying their loan back. I also only set it to auto invest at the B (estimated return of 6.8%) and C (est return of 7.8%) levels. The levels change a bit, but it factors in the estimated loss for each level too.

Currently, my portfolio is about $1,300 with a little bit extra in available funds.

Ive only logged in to get some tax documents after the initial $1k investment and setting up auto invest.

Not much for experience, but here ya go

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