May
28
Prosper: My First Loss
May 28, 2008 | 4 Comments
As it happens, no investment is for sure. Out of the 127 active loans I have on Prosper, 1 of them decided to go to bankrupcy court – which means is probably lost.
The listing reads like this: Listing 21399 – Police Officer Consolidates Medical Debt! “A” Credit No DQs!
A single proof that my method of credit grade AA, A, B and no delinquencies or public records is not infallible.
So far I have earned $330 in prosper interest, lost $88 in uncollectable loans.
Still early to tell if it is a good investment.
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Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
has ruined the portfolio of investors
who were invested in Nse and Bse
listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.
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Hi,
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We strongly advise everyone not to follow rumors and follow technical analysis.
If you have any doubt, lets share it in this blog and it will help lot many other traders.
Regards
SHARETIPSINFO TEAM
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